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Stock analysis Balkrishna Paper BALKRISHNA

More indepth analysis on MunafaSutra.com

Moving Averages for Balkrishna Paper

  • 5Day Average: 26.7
  • 12Day Average: 26.23
  • 20Day Average: 26.47
  • 50Day Average: 28.9
  • 100Day Average: 30.83
  • 150Day Average: 32.52
  • 200Day Average: 34.01

BALKRISHNA Indicators & signals

Indicator MACD (12,26,9)

26.71, 27.6, -1.15
Indicator MACD is in negative zone

Indicator ADX (14)

10.14, 21.53, 26.39
Indicator ADX is indicating that momentum is weak.
Momentum is towards selling.

Indicator RSI (14)

Current RSI is: 54
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of BALKRISHNA Balkrishna Paper are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
08 Thu Jun 2023 27.10 26.15 to 27.50 -0.18% 1.5 times
07 Wed Jun 2023 27.15 26.60 to 27.80 -0.37% 1.3 times
06 Tue Jun 2023 27.25 26.50 to 27.30 4.01% 1.41 times
05 Mon Jun 2023 26.20 25.60 to 26.45 1.55% 0.74 times
02 Fri Jun 2023 25.80 25.40 to 26.10 0.58% 0.61 times
01 Thu Jun 2023 25.65 25.05 to 26.30 -1.91% 1.98 times
31 Wed May 2023 26.15 25.10 to 26.90 0% 1.2 times
30 Tue May 2023 26.15 25.60 to 26.65 0.38% 0.37 times
29 Mon May 2023 26.05 26.00 to 26.95 -0.76% 0.89 times
26 Fri May 2023 26.25 25.85 to 26.75 1.55% 0.79 times
25 Thu May 2023 25.85 25.05 to 26.10 2.99% 0.7 times
24 Wed May 2023 25.10 24.60 to 26.00 -1.76% 1.83 times

Technical analysis forecast for Balkrishna Paper Stock is that its in a downtrend for shortterm, and I will avoid taking a BUY or a LONG trade in this stock. Look for opportunities to sell or SHORT Balkrishna Paper BALKRISHNA at this time. Stock is falling and might fall more.

It appears as if Balkrishna Paper BALKRISHNA gave a large move recently.

Stock of Balkrishna Paper (BALKRISHNA) is trading below an important moving average line, but it crossed this line recently, which means that it could show a small or a large recovery soon enough depending on its trend.

My analysis of Balkrishna Paper is bearish for shortterm, and stock might move down till 26.3 or till 25.2. Use a stoploss of 27.19 and if the stock hits stoploss, then it can shoot up till 28.07

More indepth analysis on MunafaSutra.com