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(BALAMINES) Balaji Amines complete technical analysis [charts+indicators] | Buy/Sell Balaji Amines | (BALAMINES) share price targets

Complete technical analysis of Balaji Amines (BALAMINES) by charts plus indicators, forecast predictions and share price targets for Balaji Amines (BALAMINES)

Balaji Amines trades in NSE in Commodity Chemicals sector.

Showing technical analysis as on 2024-05-03 View latest technical analysis

10 day averaged volume of Balaji Amines is 37513

Date	Daily Closing Price	Open	High	Low	Volume
03 Fri May 2024	2153.45	2187.35	2205.00	2140.40	1.248 times
02 Thu May 2024	2175.70	2193.90	2199.60	2171.00	0.601 times
30 Tue Apr 2024	2192.35	2210.00	2219.75	2188.00	0.761 times
29 Mon Apr 2024	2202.90	2211.05	2242.45	2196.00	1.103 times
26 Fri Apr 2024	2221.35	2256.95	2256.95	2210.00	0.71 times
25 Thu Apr 2024	2236.15	2238.00	2260.00	2215.55	0.75 times
24 Wed Apr 2024	2244.55	2280.00	2280.00	2228.35	1.496 times
23 Tue Apr 2024	2228.10	2204.00	2255.00	2198.95	1.402 times
22 Mon Apr 2024	2189.10	2194.95	2243.95	2175.05	0.981 times
19 Fri Apr 2024	2172.95	2160.05	2193.00	2153.50	1.102 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 2172, but if it comes above 2172, then a intra day buy could be more profitable.
If you take a sell trade below 2172, then use 2172 as stoploss and 2120.5 as target. However if you take a buy trade in stock , then use 2172 as stoploss and 2214.91 as target.

Share price targets for Balaji Amines (BALAMINES)

Target Type	Value
Downside Target	2009.20
Downside Target	2132.40
Upside Target	2259.95
Upside Target	2279.00
Upside Target	2280.00
Upside Target	2317.05
Upside Target	2327.75
Upside Target	2431.95
Upside Target	2440.45
Upside Target	2735.00

Intraday share price targets for Balaji Amines (BALAMINES)

Target Type	Value
Downside Intraday Target	2115.08
Downside Intraday Target	2076.72
Upside Intraday Target	2217.13
Upside Intraday Target	2280.82
Upside Intraday Target	2178.77

Weekly technical analysis of Balaji Amines (BALAMINES)

Date	Weekly Closing Price	Open	High	Low	Volume
03 Fri May 2024	2153.45	2211.05	2242.45	2140.40	0.695 times
26 Fri Apr 2024	2221.35	2194.95	2280.00	2175.05	1.007 times
19 Fri Apr 2024	2172.95	2250.00	2259.95	2153.50	0.307 times
12 Fri Apr 2024	2269.15	2255.90	2327.75	2171.00	0.752 times
05 Fri Apr 2024	2238.40	2050.00	2317.05	2049.00	3.117 times

Price has moved down this week, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming weeks.

Monthly technical analysis of Balaji Amines (BALAMINES)

Date	Monthly Closing Price	Open	High	Low	Volume
03 Fri May 2024	2153.45	2193.90	2205.00	2140.40	0.035 times
30 Tue Apr 2024	2192.35	2050.00	2327.75	2049.00	0.722 times
28 Thu Mar 2024	2045.25	2194.00	2431.95	2009.20	2.585 times
29 Thu Feb 2024	2173.75	2399.00	2440.45	2132.40	0.481 times

Scroll below to view daily charts

Price has moved down this month, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming months.

Indicators analysis of Balaji Amines (BALAMINES)

Price action analysis of Balaji Amines ( (BALAMINES) ) based on a short term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Price action analysis of Balaji Amines ( (BALAMINES) ) based on a short to mid term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Price action analysis of Balaji Amines ( (BALAMINES) ) based on a mid to longer term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

ADX buy sell signal for Balaji Amines stock for short term is SELL. Signal strength is Weak and stock is gaining momentum.

MACD generated a SELL signal for Balaji Amines in short term and the sell signal is strong.

Balaji Amines Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.

Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be coming down

CCI has generated a SELL signal for Balaji Amines in short term and SELL signal is strong!

RSI is generating a BUY signal in short term and the buying is gaining momentum.

MRSI is in negative zone. This is the SELL zone

Although the stock is in the SELL zone, but selling might be slowing down

Stock of Balaji Amines is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 2203.2 and Balaji Amines (BALAMINES) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down

People seem to be coming out and selling the Balaji Amines (BALAMINES) stock. Volume based technical analysis of Balaji Amines (BALAMINES) stock is negative.

Balaji Amines Stock has given negative returns over a short term period. Returns for a longer term period have been positive

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.