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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: 400.07
  • 12Day Average: 410.87
  • 20Day Average: 427.22
  • 50Day Average: 438.82
  • 100Day Average: 430.89

BANSALWIRE Indicators & signals

Indicator MACD (12,26,9)

410.67, 424.2, -10.41
Indicator MACD is in negative zone

Indicator ADX (14)

49.23, 8.05, 23.65
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 BANSALWIRE Bansal Wire Industries L are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
21 Tue Jan 2025 399.25 394.10 to 409.70 -0.37% 0.66 times
20 Mon Jan 2025 400.75 396.00 to 407.35 -0.88% 0.63 times
17 Fri Jan 2025 404.30 395.30 to 407.95 0.2% 0.52 times
16 Thu Jan 2025 403.50 392.05 to 408.05 2.79% 0.84 times
15 Wed Jan 2025 392.55 387.90 to 406.90 -1.32% 0.78 times
14 Tue Jan 2025 397.80 392.90 to 404.55 1.14% 1.01 times
13 Mon Jan 2025 393.30 387.20 to 418.05 0% 1.78 times
13 Mon Jan 2025 393.30 387.20 to 418.05 -6.52% 1.78 times
10 Fri Jan 2025 420.75 418.10 to 439.70 -4.02% 0.79 times
09 Thu Jan 2025 438.35 402.40 to 444.45 -1.34% 1.16 times
08 Wed Jan 2025 444.30 436.20 to 448.70 0.46% 0.7 times
07 Tue Jan 2025 442.25 437.70 to 444.90 1.51% 0.61 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, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 394.6 as stoploss in an intra day buy trade for a target of 419.9. However, stock will show a bearish move below 394.6.

More indepth analysis on MunafaSutra.com