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Stock analysis Bal Pharma Limited BALPHARMA

More indepth analysis on MunafaSutra.com

Moving Averages for Bal Pharma Limited

  • 5Day Average: 100.84
  • 12Day Average: 100.14
  • 20Day Average: 98.56
  • 50Day Average: 107.93
  • 100Day Average: 108.52
  • 150Day Average: 103.71
  • 200Day Average: 101.51

BALPHARMA Indicators & signals

Indicator MACD (12,26,9)

100.34, 101.69, -2.09
Indicator MACD is in negative zone

Indicator ADX (14)

23.5, 14.68, 23.69
Indicator ADX is indicating that momentum is weak.
Momentum is towards selling.

Indicator RSI (14)

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

Recent prices of BALPHARMA Bal Pharma Limited are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
16 Tue Apr 2024 98.35 96.95 to 101.00 -1.01% 0.81 times
15 Mon Apr 2024 99.35 98.30 to 102.75 -2.5% 0.39 times
12 Fri Apr 2024 101.90 101.00 to 102.90 -0.97% 0.4 times
10 Wed Apr 2024 102.90 100.30 to 105.85 1.18% 0.79 times
09 Tue Apr 2024 101.70 100.50 to 104.20 -2.07% 0.63 times
08 Mon Apr 2024 103.85 102.10 to 105.00 0.58% 1.26 times
05 Fri Apr 2024 103.25 101.15 to 104.90 0.73% 1.31 times
04 Thu Apr 2024 102.50 99.20 to 104.95 2.5% 1.28 times
03 Wed Apr 2024 100.00 98.70 to 102.40 0.15% 1.07 times
02 Tue Apr 2024 99.85 96.80 to 100.95 3.15% 1.18 times
01 Mon Apr 2024 96.80 92.40 to 98.40 6.14% 1.68 times
28 Thu Mar 2024 91.20 90.10 to 96.55 -4.15% 3.14 times

Technical analysis forecast for Bal Pharma 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 Bal Pharma Limited BALPHARMA at this time. Stock is falling and might fall more.

It appears as if Bal Pharma Limited BALPHARMA gave a large move recently.

Stock of Bal Pharma Limited (BALPHARMA) 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 Bal Pharma Limited is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 97.4 as stoploss in an intra day buy trade for a target of 100.87. However, stock will show a bearish move below 97.4.

More indepth analysis on MunafaSutra.com