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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 2024-05-23 View latest technical analysis

10 day averaged volume of Balmer Lawrie is 1267212

Date	Daily Closing Price	Open	High	Low	Volume
23 Thu May 2024	309.60	306.35	320.45	306.00	1.194 times
22 Wed May 2024	304.80	308.45	310.25	298.80	0.585 times
21 Tue May 2024	307.85	316.80	316.80	305.70	0.604 times
18 Sat May 2024	313.70	309.00	316.00	308.80	0.448 times
17 Fri May 2024	306.90	303.65	311.95	303.00	1.278 times
16 Thu May 2024	300.85	304.90	305.50	296.45	0.688 times
15 Wed May 2024	302.50	301.00	310.80	298.75	2.081 times
14 Tue May 2024	296.95	290.60	299.85	287.05	1.55 times
13 Mon May 2024	287.70	277.90	289.20	270.20	0.849 times
10 Fri May 2024	276.45	280.75	282.05	268.60	0.653 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 303.3, but if it comes below 303.3, then a intra day sell could be more profitable.
If you take a sell trade below 303.3, then use 303.3 as stoploss and 288.63 as target. However if you take a buy trade in stock , then use 303.3 as stoploss and 321 as target.

Share price targets for Balmer Lawrie (BALMLAWRIE)

Target Type	Value
Downside Target	202.00
Downside Target	215.55
Downside Target	233.95
Downside Target	238.65
Downside Target	243.85
Downside Target	251.50
Downside Target	262.00
Downside Target	281.95
Downside Target	290.70
Downside Target	297.65
Downside Target	298.80
Upside Target	316.00
Upside Target	320.45

Intraday share price targets for Balmer Lawrie (BALMLAWRIE)

Target Type	Value
Downside Intraday Target	298.78
Downside Intraday Target	287.97
Upside Intraday Target	320.43
Upside Intraday Target	331.27
Upside Intraday Target	309.62

Weekly technical analysis of Balmer Lawrie (BALMLAWRIE)

Date	Weekly Closing Price	Open	High	Low	Volume
23 Thu May 2024	309.60	316.80	320.45	298.80	0.346 times
18 Sat May 2024	313.70	277.90	316.00	270.20	0.885 times
10 Fri May 2024	276.45	271.55	297.65	262.00	3.102 times
03 Fri May 2024	269.90	277.50	284.00	267.05	0.412 times
26 Fri Apr 2024	277.15	245.10	281.95	243.85	4.18 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
23 Thu May 2024	309.60	274.55	320.45	262.00	1.293 times
30 Tue Apr 2024	273.85	240.00	281.95	238.65	1.489 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

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 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 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 mid to longer 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.

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 and the buy signal is strong.

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 green color and prices are above the green 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 BUY signal in short term but buying 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 300.93 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 positive

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