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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 2024-04-02 View latest technical analysis

10 day averaged volume of Balmer Lawrie is 778366

Date	Daily Closing Price	Open	High	Low	Volume
02 Tue Apr 2024	250.65	251.00	256.40	248.00	0.87 times
01 Mon Apr 2024	249.35	240.00	253.25	239.10	1.422 times
28 Thu Mar 2024	238.40	240.25	244.80	237.80	0.818 times
27 Wed Mar 2024	237.00	227.50	241.10	227.50	1.171 times
26 Tue Mar 2024	226.45	225.75	233.95	225.40	0.656 times
22 Fri Mar 2024	229.85	227.05	231.90	224.15	0.75 times
21 Thu Mar 2024	228.00	213.50	230.75	213.35	1.364 times
20 Wed Mar 2024	210.80	212.20	219.05	207.15	0.842 times
19 Tue Mar 2024	212.20	217.80	219.45	211.00	0.435 times
18 Mon Mar 2024	217.70	219.90	224.15	215.80	0.663 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 244.9, but if it comes below 244.9, then a intra day sell could be more profitable.
If you take a sell trade below 244.9, then use 244.9 as stoploss and 231.15 as target. However if you take a buy trade in stock , then use 244.9 as stoploss and 261.3 as target.

Share price targets for Balmer Lawrie (BALMLAWRIE)

Target Type	Value
Downside Target	157.00
Downside Target	202.00
Downside Target	207.15
Downside Target	215.55
Downside Target	225.40
Downside Target	231.90
Downside Target	244.80
Upside Target	251.50
Upside Target	256.40
Upside Target	290.70
Upside Target	291.00

Intraday share price targets for Balmer Lawrie (BALMLAWRIE)

Target Type	Value
Downside Intraday Target	241.03
Downside Intraday Target	231.42
Upside Intraday Target	258.33
Upside Intraday Target	266.02
Downside Intraday Target	248.72

Weekly technical analysis of Balmer Lawrie (BALMLAWRIE)

Date	Weekly Closing Price	Open	High	Low	Volume
02 Tue Apr 2024	250.65	240.00	256.40	239.10	0.867 times
28 Thu Mar 2024	238.40	225.75	244.80	225.40	0.652 times
22 Fri Mar 2024	229.85	219.90	231.90	207.15	0.665 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

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
02 Tue Apr 2024	250.65	240.00	256.40	239.10	0.147 times
28 Thu Mar 2024	238.40	246.70	251.50	202.00	0.587 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

Scroll below to view daily charts

Price has moved up 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 definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of Balmer Lawrie ( (BALMLAWRIE) ) based on a short to mid term time period is positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

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 BUY. Signal strength is Strong and stock is gaining momentum.

MACD generated a BUY signal for Balmer Lawrie in short term but the buy signal is initial and weak.

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

Balmer Lawrie Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting tired and bears 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 and selling is picking up 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 232.6 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 rising upwards.

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 is giving positive 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.