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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 2024-06-21 View latest technical analysis

10 day averaged volume of Balmer Lawrie is 763006

Date	Daily Closing Price	Open	High	Low	Volume
21 Fri Jun 2024	266.25	265.00	272.30	264.05	0.683 times
20 Thu Jun 2024	263.50	267.45	267.50	262.60	0.543 times
19 Wed Jun 2024	267.35	273.90	275.60	264.00	0.761 times
18 Tue Jun 2024	271.70	273.05	277.70	270.95	1.305 times
14 Fri Jun 2024	269.50	266.45	272.50	261.55	0.926 times
13 Thu Jun 2024	265.15	265.85	269.75	262.30	0.543 times
12 Wed Jun 2024	263.65	266.00	273.65	262.35	0.87 times
11 Tue Jun 2024	265.15	262.00	266.95	261.10	0.747 times
10 Mon Jun 2024	260.70	262.45	263.05	256.70	0.785 times
07 Fri Jun 2024	257.45	250.00	259.35	245.75	1.408 times

My analysis of stock is bearish for shortterm, and stock might move down till 248.4 or till 226.9. Use a stoploss of 266.37 and if the stock hits stoploss, then it can shoot up till 284.29

Share price targets for Balmer Lawrie (BALMLAWRIE)

Target Type	Value
Downside Target	202.00
Downside Target	213.95
Downside Target	233.95
Downside Target	238.65
Downside Target	251.50
Downside Target	256.70
Downside Target	262.00
Upside Target	273.65
Upside Target	287.70
Upside Target	291.00
Upside Target	298.80
Upside Target	305.90
Upside Target	320.45

Intraday share price targets for Balmer Lawrie (BALMLAWRIE)

Target Type	Value
Downside Intraday Target	260
Downside Intraday Target	253.75
Upside Intraday Target	275.1
Upside Intraday Target	283.95
Upside Intraday Target	268.85

Weekly technical analysis of Balmer Lawrie (BALMLAWRIE)

Date	Weekly Closing Price	Open	High	Low	Volume
21 Fri Jun 2024	266.25	273.05	277.70	262.60	0.85 times
14 Fri Jun 2024	269.50	262.45	273.65	256.70	0.307 times
07 Fri Jun 2024	257.45	278.55	287.70	213.95	1.635 times
31 Fri May 2024	269.25	305.00	305.90	262.40	1.488 times
24 Fri May 2024	311.05	316.80	320.45	298.80	0.453 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
21 Fri Jun 2024	266.25	278.55	287.70	213.95	0.5 times
31 Fri May 2024	269.25	274.55	320.45	262.00	1.67 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

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 sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

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 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 Weak and stock is losing 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 green color and prices are in or below 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 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 264.97 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.