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Stock analysis Bharat Wire Ropes Ltd. BHARATWIRE

More indepth analysis on MunafaSutra.com

Moving Averages for Bharat Wire Ropes Ltd.

  • 5Day Average: 217.43
  • 12Day Average: 227.27
  • 20Day Average: 230.03
  • 50Day Average: 251.81
  • 100Day Average: 256.65
  • 150Day Average: 263.11
  • 200Day Average: 275.52

BHARATWIRE Indicators & signals

Indicator MACD (12,26,9)

225.45, 234.97, -8.83
Indicator MACD is in negative zone

Indicator ADX (14)

26.32, 16.92, 29.01
Indicator ADX is indicating that momentum is weak.
Momentum is towards selling.

Indicator RSI (14)

Current RSI is: 56
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of BHARATWIRE Bharat Wire Ropes Ltd. are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
19 Tue Nov 2024 222.88 215.46 to 226.00 4.29% 1.14 times
18 Mon Nov 2024 213.72 210.00 to 215.26 -0.01% 0.48 times
14 Thu Nov 2024 213.74 210.21 to 219.55 0.16% 0.58 times
13 Wed Nov 2024 213.39 212.42 to 226.75 -4.49% 1.13 times
12 Tue Nov 2024 223.43 220.00 to 233.00 -1.82% 1.39 times
11 Mon Nov 2024 227.58 226.35 to 232.78 -1.97% 0.53 times
08 Fri Nov 2024 232.15 231.00 to 242.95 -4.06% 0.61 times
07 Thu Nov 2024 241.97 237.00 to 244.15 1.93% 0.82 times
06 Wed Nov 2024 237.38 232.00 to 241.80 3.8% 2.49 times
05 Tue Nov 2024 228.70 226.70 to 233.78 -1.27% 0.73 times
04 Mon Nov 2024 231.65 230.25 to 246.80 -3.72% 1.23 times
01 Fri Nov 2024 240.60 238.05 to 242.00 1.07% 0.16 times

Technical analysis forecast for Bharat Wire Ropes Ltd. 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 Bharat Wire Ropes Ltd. BHARATWIRE at this time. Stock is falling and might fall more.

It appears as if Bharat Wire Ropes Ltd. BHARATWIRE gave a large move recently.

Stock of Bharat Wire Ropes Ltd. (BHARATWIRE) 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 Bharat Wire Ropes Ltd. is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 222.6 as stoploss in an intra day buy trade for a target of 231.23. However, stock will show a bearish move below 222.6.

More indepth analysis on MunafaSutra.com