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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 2024-05-30 View latest technical analysis

10 day averaged volume of Balmer Lawrie is 1167339

Date	Daily Closing Price	Open	High	Low	Volume
30 Thu May 2024	268.25	276.00	277.15	266.75	0.431 times
29 Wed May 2024	276.00	273.55	283.05	272.00	0.713 times
28 Tue May 2024	277.20	293.05	294.25	275.00	1.246 times
27 Mon May 2024	291.50	305.00	305.90	290.05	2.033 times
24 Fri May 2024	311.05	311.45	317.75	306.80	0.802 times
23 Thu May 2024	309.60	306.35	320.45	306.00	1.296 times
22 Wed May 2024	304.80	308.45	310.25	298.80	0.635 times
21 Tue May 2024	307.85	316.80	316.80	305.70	0.656 times
18 Sat May 2024	313.70	309.00	316.00	308.80	0.486 times
17 Fri May 2024	306.90	303.65	311.95	303.00	1.387 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 276, but if it comes above 276, then a intra day buy could be more profitable.
If you take a sell trade below 276, then use 276 as stoploss and 258 as target. However if you take a buy trade in stock , then use 276 as stoploss and 291.01 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	251.50
Downside Target	262.00
Upside Target	281.95
Upside Target	290.70
Upside Target	297.65
Upside Target	298.80
Upside Target	305.90
Upside Target	316.00
Upside Target	320.45

Intraday share price targets for Balmer Lawrie (BALMLAWRIE)

Target Type	Value
Downside Intraday Target	254.7
Downside Intraday Target	241.15
Upside Intraday Target	293.85
Upside Intraday Target	319.45
Upside Intraday Target	280.3

Weekly technical analysis of Balmer Lawrie (BALMLAWRIE)

Date	Weekly Closing Price	Open	High	Low	Volume
30 Thu May 2024	268.25	305.00	305.90	266.75	1.305 times
24 Fri May 2024	311.05	316.80	320.45	298.80	0.453 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

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
30 Thu May 2024	268.25	274.55	320.45	262.00	1.63 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 down this month, and volume has increased substantially. This means that the move can 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 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 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 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 SELL. Signal strength is Strong and stock is gaining momentum.

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

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 green color and prices are in or below the green 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 and selling is picking up momentum.

MRSI is in positive zone. This is a BUY zone

Stock of Balmer Lawrie is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 296.83 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 positive

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