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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: 385.01
  • 12Day Average: 356.03
  • 20Day Average: 338.19
  • 50Day Average: 312.73
  • 100Day Average: 285.52
  • 150Day Average: 255.9
  • 200Day Average: 232.96

BHARATWIRE Indicators & signals

Indicator MACD (12,26,9)

361.55, 339.88, 17.25
Indicator MACD is in positive zone

Indicator ADX (14)

35.45, 30.44, 14.51
Indicator ADX is indicating that momentum is weak.
Indicator ADX is showing that momentum is towards buying

Indicator RSI (14)

Current RSI is: 64
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
18 Thu Jan 2024 371.20 360.90 to 375.75 -0.12% 0.29 times
17 Wed Jan 2024 371.65 367.10 to 385.00 -4.96% 0.41 times
16 Tue Jan 2024 391.05 378.25 to 399.70 -1.25% 0.51 times
15 Mon Jan 2024 396.00 383.00 to 399.15 0.22% 0.52 times
12 Fri Jan 2024 395.15 383.30 to 400.60 2.13% 0.59 times
11 Thu Jan 2024 386.90 375.70 to 389.95 1.03% 2.46 times
10 Wed Jan 2024 382.95 334.05 to 387.00 13.2% 2.69 times
09 Tue Jan 2024 338.30 308.00 to 348.80 9.73% 2.07 times
08 Mon Jan 2024 308.30 303.25 to 316.90 -0.18% 0.12 times
05 Fri Jan 2024 308.85 305.95 to 321.00 -2.29% 0.17 times
04 Thu Jan 2024 316.10 307.95 to 318.00 3.35% 0.46 times
03 Wed Jan 2024 305.85 302.85 to 311.00 1.09% 0.17 times

Technical analysis forecast of Bharat Wire Ropes Ltd. Stock is that its in a uptrend for shortterm, and I will avoid taking a SHORT or SELL trade in this stock. Look for opportunities to BUY or go LONG in Bharat Wire Ropes Ltd. BHARATWIRE at this time. Stock is rising and might rise more.

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

Stock of Bharat Wire Ropes Ltd. (BHARATWIRE) is trading above an important moving average line, and it has been above this line for quite some time now. This is a good sign, and the stock might keep rising and move higher!

My analysis of Bharat Wire Ropes Ltd. is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 383.2 as stoploss in an intra day sell trade for a target of 347.59. However, stock will show a bullish move above 383.2.

More indepth analysis on MunafaSutra.com