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Stock analysis Balkrishna Industries Limited BALKRISIND

More indepth analysis on MunafaSutra.com

Moving Averages for Balkrishna Industries Limited

  • 5Day Average: 2594.47
  • 12Day Average: 2582.98
  • 20Day Average: 2576.85
  • 50Day Average: 2571.78
  • 100Day Average: 2500.19
  • 150Day Average: 2441.25
  • 200Day Average: 2337.19

BALKRISIND Indicators & signals

Indicator MACD (12,26,9)

2582.44, 2574.9, 5.78
Indicator MACD is in positive zone

Indicator ADX (14)

17.79, 24.31, 16.97
Indicator ADX is indicating that momentum is weak.
Indicator ADX is showing that momentum is towards buying

Indicator RSI (14)

Current RSI is: 50
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of BALKRISIND Balkrishna Industries Limited are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
11 Mon Dec 2023 2572.45 2565.00 to 2604.90 -1.27% 2.25 times
08 Fri Dec 2023 2605.65 2560.20 to 2644.00 -0.57% 0.74 times
07 Thu Dec 2023 2620.65 2578.00 to 2678.00 1.47% 1.37 times
06 Wed Dec 2023 2582.65 2576.00 to 2633.00 -0.32% 0.75 times
05 Tue Dec 2023 2590.95 2548.20 to 2609.90 1.18% 1.42 times
04 Mon Dec 2023 2560.80 2529.00 to 2592.00 0.04% 0.8 times
01 Fri Dec 2023 2559.70 2548.00 to 2598.50 -0.65% 0.81 times
30 Thu Nov 2023 2576.40 2568.75 to 2608.50 -0.24% 1.5 times
29 Wed Nov 2023 2582.55 2575.00 to 2649.00 -1.43% 0.42 times
28 Tue Nov 2023 2619.95 2570.80 to 2629.85 1.91% 1.29 times
24 Fri Nov 2023 2570.85 2547.20 to 2585.85 0.7% 0.9 times
23 Thu Nov 2023 2553.10 2501.90 to 2562.25 2.12% 1.04 times

Technical analysis forecast for Balkrishna Industries Limited 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 Industries Limited BALKRISIND at this time. Stock is falling and might fall more.

It appears as if Balkrishna Industries Limited BALKRISIND gave a large move recently.

Stock of Balkrishna Industries Limited (BALKRISIND) 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 Industries Limited is bearish for shortterm, and stock might move down till 2530.9 or till 2474.4. Use a stoploss of 2578.05 and if the stock hits stoploss, then it can shoot up till 2625.17

More indepth analysis on MunafaSutra.com