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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: 397.21
  • 12Day Average: 411.13
  • 20Day Average: 416.97
  • 50Day Average: 419.39

BANSALWIRE Indicators & signals

Indicator MACD (12,26,9)

408.43, 414.58, -2.7
Indicator MACD is in negative zone

Indicator ADX (14)

20.77, 15.17, 23.12
Indicator ADX is indicating that momentum is weak.
Momentum is towards selling.

Indicator RSI (14)

Current RSI is: 53
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
30 Wed Oct 2024 401.25 399.00 to 407.55 -0.12% 0.34 times
29 Tue Oct 2024 401.75 395.00 to 409.05 0.63% 0.87 times
28 Mon Oct 2024 399.25 382.15 to 406.70 2.38% 0.85 times
25 Fri Oct 2024 389.95 373.50 to 401.00 -0.99% 1.27 times
24 Thu Oct 2024 393.85 387.85 to 409.00 -3.17% 0.98 times
23 Wed Oct 2024 406.75 404.00 to 418.65 -1.11% 0.54 times
22 Tue Oct 2024 411.30 409.65 to 429.10 -3.64% 0.99 times
21 Mon Oct 2024 426.85 423.20 to 438.75 0.49% 1.43 times
18 Fri Oct 2024 424.75 420.00 to 432.30 -0.07% 0.75 times
17 Thu Oct 2024 425.05 422.00 to 438.25 0.22% 0.94 times
16 Wed Oct 2024 424.10 420.00 to 442.00 -1.08% 1.4 times
15 Tue Oct 2024 428.75 425.00 to 434.00 -0.35% 0.56 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 400 as stoploss in an intra day buy trade for a target of 413.31. However, stock will show a bearish move below 400.

More indepth analysis on MunafaSutra.com