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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: 430.23
  • 12Day Average: 431.48
  • 20Day Average: 432.29
  • 50Day Average: 398.12

BANSALWIRE Indicators & signals

Indicator MACD (12,26,9)

429.9, 422.65, 11.39
Indicator MACD is in positive zone

Indicator ADX (14)

1.49, 20.58, 21.2
Indicator ADX is indicating that momentum is weak.
Momentum is towards selling.

Indicator RSI (14)

Current RSI is: 54
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
07 Mon Oct 2024 412.60 405.05 to 429.00 -3.65% 1.81 times
04 Fri Oct 2024 428.25 422.75 to 432.60 0.47% 0.65 times
03 Thu Oct 2024 426.25 417.00 to 433.65 -2.26% 0.7 times
01 Tue Oct 2024 436.10 430.05 to 454.65 -2.65% 1.09 times
30 Mon Sep 2024 447.95 441.00 to 468.65 0.39% 2.12 times
27 Fri Sep 2024 446.20 444.05 to 450.50 0.43% 0.53 times
26 Thu Sep 2024 444.30 435.20 to 456.00 1.92% 1.37 times
25 Wed Sep 2024 435.95 432.35 to 441.00 -0.29% 0.68 times
24 Tue Sep 2024 437.20 416.25 to 449.20 3.93% 1.35 times
23 Mon Sep 2024 420.65 418.70 to 435.00 -1.65% 0.69 times
20 Fri Sep 2024 427.70 413.35 to 433.10 3.15% 0.82 times
19 Thu Sep 2024 414.65 408.20 to 435.00 -2.47% 0.95 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, 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 Bansal Wire Industries L is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if Bansal Wire Industries L stays below 417, but if it comes above 417, then a intra day buy could be more profitable.
If you take a sell trade below 417, then use 417 as stoploss and 405.3 as target. However if you take a buy trade in Bansal Wire Industries L, then use 417 as stoploss and 426.67 as target.

More indepth analysis on MunafaSutra.com