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Stock analysis Balkrishna Industries Limited BALKRISIND

More indepth analysis on MunafaSutra.com

Moving Averages for Balkrishna Industries Limited

  • 5Day Average: 2702.91
  • 12Day Average: 2702.96
  • 20Day Average: 2759.61
  • 50Day Average: 2779.78
  • 100Day Average: 2876.47
  • 150Day Average: 2939.32
  • 200Day Average: 2904.29

BALKRISIND Indicators & signals

Indicator MACD (12,26,9)

2715.41, 2751.12, -32.23
Indicator MACD is in negative zone

Indicator ADX (14)

25.81, 13.62, 23.1
Indicator ADX is indicating that momentum is weak.
Momentum is towards selling.

Indicator RSI (14)

Current RSI is: 45
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
21 Tue Jan 2025 2681.60 2666.80 to 2824.00 -1.47% 3.13 times
20 Mon Jan 2025 2721.50 2647.70 to 2731.95 0.58% 0.82 times
17 Fri Jan 2025 2705.85 2684.00 to 2729.90 -0.71% 0.79 times
16 Thu Jan 2025 2725.30 2658.60 to 2731.65 1.68% 1.5 times
15 Wed Jan 2025 2680.30 2675.00 to 2743.85 -0.93% 0.68 times
14 Tue Jan 2025 2705.35 2610.00 to 2723.05 4.22% 1.51 times
13 Mon Jan 2025 2595.75 2585.05 to 2719.75 0% 0.54 times
13 Mon Jan 2025 2595.75 2585.05 to 2719.75 -5.01% 0.54 times
10 Fri Jan 2025 2732.65 2721.60 to 2783.05 -1.67% 0.95 times
09 Thu Jan 2025 2779.05 2754.55 to 2787.20 0.19% 0.69 times
08 Wed Jan 2025 2773.90 2641.95 to 2795.55 1.29% 1.97 times
07 Tue Jan 2025 2738.55 2710.85 to 2758.70 0.56% 0.45 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, and it has been below this line for quite some time now. This is not a good sign, stock might keep falling and stock might move lower...

My analysis of Balkrishna Industries Limited is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 2649.3 as stoploss in an intra day buy trade for a target of 2738.12. However, stock will show a bearish move below 2649.3.

More indepth analysis on MunafaSutra.com