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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 2024-03-21 View latest technical analysis

10 day averaged volume of Balmer Lawrie is 709211

Date	Daily Closing Price	Open	High	Low	Volume
21 Thu Mar 2024	228.00	213.50	230.75	213.35	1.497 times
20 Wed Mar 2024	210.80	212.20	219.05	207.15	0.924 times
19 Tue Mar 2024	212.20	217.80	219.45	211.00	0.477 times
18 Mon Mar 2024	217.70	219.90	224.15	215.80	0.727 times
15 Fri Mar 2024	219.20	214.00	231.00	210.10	2.064 times
14 Thu Mar 2024	215.15	205.00	218.60	202.00	0.97 times
13 Wed Mar 2024	206.35	224.80	230.00	203.70	2.083 times
12 Tue Mar 2024	225.45	232.10	234.60	223.20	0.929 times
11 Mon Mar 2024	234.10	244.00	244.00	232.50	0.64 times
07 Thu Mar 2024	245.35	239.50	247.85	239.35	0.502 times

My analysis of stock is bearish for shortterm, and stock might move down till 218.6 or till 199.5. Use a stoploss of 234.59 and if the stock hits stoploss, then it can shoot up till 250.55

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
Downside Target	215.55
Upside Target	230.75
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	213.18
Downside Intraday Target	198.37
Upside Intraday Target	236.78
Upside Intraday Target	245.57
Downside Intraday Target	221.97

Weekly technical analysis of Balmer Lawrie (BALMLAWRIE)

Date	Weekly Closing Price	Open	High	Low	Volume
21 Thu Mar 2024	228.00	219.90	230.75	207.15	0.542 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 up 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
21 Thu Mar 2024	228.00	246.70	251.50	202.00	0.459 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 positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

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 Weak and stock is losing momentum.

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

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Balmer Lawrie Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bears are weakening, and bulls are picking up momentum!

Ichimoku cloud is of red color and prices are in or above the red cloud Prices appear to be moving up

CCI has generated a buy signal for Balmer Lawrie in short term and BUY 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 219.08 and Balmer Lawrie (BALMLAWRIE) stock is trading above this level. This is a good sign for the stock and it could move higher. 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.