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Stock analysis Bansal Wire Industries L BANSALWIRE

More indepth analysis on MunafaSutra.com

Moving Averages for Bansal Wire Industries L

  • 5Day Average: 357.21
  • 12Day Average: 356.99
  • 20Day Average: 373.88
  • 50Day Average: 403.29
  • 100Day Average: 417.01
  • 150Day Average: 410.71

BANSALWIRE Indicators & signals

Indicator MACD (12,26,9)

362.16, 375.79, -15.25
Indicator MACD is in negative zone

Indicator ADX (14)

21.58, 14.88, 23.07
Indicator ADX is indicating that momentum is weak.
Momentum is towards selling.

Indicator RSI (14)

Current RSI is: 60
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of BANSALWIRE Bansal Wire Industries L are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
25 Tue Feb 2025 363.85 355.30 to 367.20 -0.34% 0.34 times
24 Mon Feb 2025 365.10 353.80 to 366.90 -0.18% 0.28 times
21 Fri Feb 2025 365.75 351.15 to 368.75 2.62% 0.56 times
20 Thu Feb 2025 356.40 332.45 to 365.25 6.4% 1.53 times
19 Wed Feb 2025 334.95 330.20 to 342.45 -0.42% 0.66 times
18 Tue Feb 2025 336.35 328.05 to 348.90 -1.64% 0.85 times
17 Mon Feb 2025 341.95 332.40 to 364.15 -2.97% 1.02 times
14 Fri Feb 2025 352.40 339.70 to 372.00 -2.03% 0.79 times
13 Thu Feb 2025 359.70 358.05 to 372.15 -0.79% 0.51 times
12 Wed Feb 2025 362.55 355.00 to 370.60 -1.16% 0.51 times
11 Tue Feb 2025 366.80 364.00 to 375.10 -2.99% 3.29 times
10 Mon Feb 2025 378.10 375.15 to 394.00 -2.41% 0.16 times

Technical analysis forecast for Bansal Wire Industries L 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 Bansal Wire Industries L BANSALWIRE at this time. Stock is falling and might fall more.

It appears as if Bansal Wire Industries L BANSALWIRE gave a large move recently.

Stock of Bansal Wire Industries L (BANSALWIRE) 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 Bansal Wire Industries L is bearish for shortterm, and stock might move down till 345.9 or till 317. Use a stoploss of 369.95 and if the stock hits stoploss, then it can shoot up till 394.01

More indepth analysis on MunafaSutra.com