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(BALMLAWRIE) Balmer Lawrie complete technical analysis [charts+indicators] | Buy/Sell Balmer Lawrie | (BALMLAWRIE) share price targets

Complete technical analysis of Balmer Lawrie (BALMLAWRIE) by charts plus indicators, forecast predictions and share price targets for Balmer Lawrie (BALMLAWRIE)

Balmer Lawrie trades in NSE in Diversified sector.

Showing technical analysis as on 2024-03-20 View latest technical analysis

10 day averaged volume of Balmer Lawrie is 686889

Date	Daily Closing Price	Open	High	Low	Volume
20 Wed Mar 2024	210.80	212.20	219.05	207.15	0.954 times
19 Tue Mar 2024	212.20	217.80	219.45	211.00	0.493 times
18 Mon Mar 2024	217.70	219.90	224.15	215.80	0.751 times
15 Fri Mar 2024	219.20	214.00	231.00	210.10	2.131 times
14 Thu Mar 2024	215.15	205.00	218.60	202.00	1.002 times
13 Wed Mar 2024	206.35	224.80	230.00	203.70	2.151 times
12 Tue Mar 2024	225.45	232.10	234.60	223.20	0.959 times
11 Mon Mar 2024	234.10	244.00	244.00	232.50	0.661 times
07 Thu Mar 2024	245.35	239.50	247.85	239.35	0.518 times
06 Wed Mar 2024	240.40	248.05	248.05	236.30	0.707 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 219.5, but if it comes above 219.5, then a intra day buy could be more profitable.
If you take a sell trade below 219.5, then use 219.5 as stoploss and 199.6 as target. However if you take a buy trade in stock , then use 219.5 as stoploss and 236 as target.

Share price targets for Balmer Lawrie (BALMLAWRIE)

Target Type	Value
Downside Target	134.00
Downside Target	157.00
Downside Target	164.90
Downside Target	202.00
Downside Target	207.15
Upside Target	215.55
Upside Target	224.15
Upside Target	233.95
Upside Target	251.50
Upside Target	260.00
Upside Target	264.90
Upside Target	290.70
Upside Target	291.00

Intraday share price targets for Balmer Lawrie (BALMLAWRIE)

Target Type	Value
Downside Intraday Target	203.92
Downside Intraday Target	197.03
Upside Intraday Target	220.92
Upside Intraday Target	231.03
Upside Intraday Target	214.03

Weekly technical analysis of Balmer Lawrie (BALMLAWRIE)

Date	Weekly Closing Price	Open	High	Low	Volume
20 Wed Mar 2024	210.80	219.90	224.15	207.15	0.318 times
15 Fri Mar 2024	219.20	244.00	244.00	202.00	2.774 times
07 Thu Mar 2024	245.35	245.25	251.50	236.30	0.503 times
02 Sat Mar 2024	243.65	257.00	260.00	238.80	1.45 times
23 Fri Feb 2024	256.85	255.30	264.90	247.35	0.456 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 Balmer Lawrie (BALMLAWRIE)

Date	Monthly Closing Price	Open	High	Low	Volume
20 Wed Mar 2024	210.80	246.70	251.50	202.00	0.408 times
29 Thu Feb 2024	243.95	287.05	291.00	233.95	0.323 times
31 Wed Jan 2024	284.80	218.95	290.70	215.55	0.785 times
29 Fri Dec 2023	218.85	157.40	240.80	157.00	5.678 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 Balmer Lawrie (BALMLAWRIE)

Price action analysis of Balmer Lawrie ( (BALMLAWRIE) ) based on a short 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.

Price action analysis of Balmer Lawrie ( (BALMLAWRIE) ) 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 Balmer Lawrie ( (BALMLAWRIE) ) 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 Balmer Lawrie ( (BALMLAWRIE) ) based on a mid to longer 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.

ADX buy sell signal for Balmer Lawrie stock for short term is SELL. Signal strength is Strong and stock is gaining momentum.

MACD generated a SELL signal for Balmer Lawrie in short term and the sell signal is strong.

Balmer Lawrie 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 Balmer Lawrie in short term and SELL signal is strong!

RSI is generating a SELL signal in short term but selling is losing 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 Balmer Lawrie is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 219.21 and Balmer Lawrie (BALMLAWRIE) 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 Balmer Lawrie (BALMLAWRIE) stock. Volume based technical analysis of Balmer Lawrie (BALMLAWRIE) stock is negative.

Balmer Lawrie Stock has given negative returns over a short term period. Returns for a longer term period have been negative.

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