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(BHARATWIRE) Bharat Wire complete technical analysis [charts+indicators] | Buy/Sell Bharat Wire | (BHARATWIRE) share price targets

Complete technical analysis of Bharat Wire (BHARATWIRE) by charts plus indicators, forecast predictions and share price targets for Bharat Wire (BHARATWIRE)

Showing technical analysis as on 2023-12-20 View latest technical analysis

10 day averaged volume of Bharat Wire is 483041

Date	Daily Closing Price	Open	High	Low	Volume
20 Wed Dec 2023	297.35	323.00	325.00	292.95	1.138 times
19 Tue Dec 2023	319.70	309.00	323.70	302.00	2.173 times
18 Mon Dec 2023	302.20	300.10	307.95	295.50	0.594 times
15 Fri Dec 2023	302.60	312.25	312.70	300.10	0.436 times
14 Thu Dec 2023	311.70	311.65	315.95	307.05	0.314 times
13 Wed Dec 2023	311.10	312.65	314.00	307.85	0.268 times
12 Tue Dec 2023	309.70	317.75	319.80	302.65	0.655 times
11 Mon Dec 2023	319.85	326.80	336.90	314.30	0.912 times
08 Fri Dec 2023	325.50	335.00	343.45	323.10	0.959 times
07 Thu Dec 2023	333.60	314.05	339.40	312.50	2.295 times

My analysis of stock is bearish for shortterm, and stock might move down till 288.4 or till 270.6. Use a stoploss of 303.33 and if the stock hits stoploss, then it can shoot up till 318.23

Share price targets for Bharat Wire (BHARATWIRE)

Target Type	Value
Downside Target	199.75
Downside Target	231.55
Downside Target	241.85
Downside Target	253.80
Downside Target	273.60
Downside Target	292.95
Upside Target	300.10
Upside Target	301.90
Upside Target	325.00
Upside Target	336.90
Upside Target	343.45

Intraday share price targets for Bharat Wire (BHARATWIRE)

Target Type	Value
Downside Intraday Target	285.2
Downside Intraday Target	273.05
Upside Intraday Target	317.25
Upside Intraday Target	337.15
Upside Intraday Target	305.1

Weekly technical analysis of Bharat Wire (BHARATWIRE)

Date	Weekly Closing Price	Open	High	Low	Volume
20 Wed Dec 2023	297.35	300.10	325.00	292.95	1.51 times
15 Fri Dec 2023	302.60	326.80	336.90	300.10	0.267 times
08 Fri Dec 2023	325.50	286.35	343.45	286.00	5.865 times
01 Fri Dec 2023	282.05	292.75	294.00	281.00	0.269 times
24 Fri Nov 2023	292.75	275.20	301.90	273.60	2.25 times

Price has moved down this week, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Bharat Wire (BHARATWIRE)

Date	Monthly Closing Price	Open	High	Low	Volume
20 Wed Dec 2023	297.35	283.00	343.45	281.00	1.057 times
30 Thu Nov 2023	283.50	255.25	301.90	253.80	0.87 times
31 Tue Oct 2023	256.55	273.70	294.50	231.55	0.612 times
29 Fri Sep 2023	273.40	236.35	278.70	235.10	1.228 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 Bharat Wire (BHARATWIRE)

Price action analysis of Bharat Wire ( (BHARATWIRE) ) based on a short 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 Bharat Wire ( (BHARATWIRE) ) based on a short 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 Bharat Wire ( (BHARATWIRE) ) 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 Bharat Wire ( (BHARATWIRE) ) 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 Bharat Wire stock for short term is BUY. Signal strength is Weak and stock is losing momentum.

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

Bharat Wire 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 Bharat Wire in short term and SELL signal is strong!

RSI is generating a BUY signal in short term but buying is losing momentum.

MRSI is in positive zone. This is a BUY zone

Stock of Bharat Wire is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 317.95 and Bharat Wire (BHARATWIRE) 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 Bharat Wire (BHARATWIRE) stock. Volume based technical analysis of Bharat Wire (BHARATWIRE) stock is negative.

Bharat Wire 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.