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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 2023-12-22 View latest technical analysis

10 day averaged volume of Bharat Wire is 387331

Date	Daily Closing Price	Open	High	Low	Volume
22 Fri Dec 2023	315.60	307.00	318.00	305.00	1.545 times
21 Thu Dec 2023	304.95	295.85	309.00	293.10	0.712 times
20 Wed Dec 2023	297.35	323.00	325.00	292.95	1.419 times
19 Tue Dec 2023	319.70	309.00	323.70	302.00	2.709 times
18 Mon Dec 2023	302.20	300.10	307.95	295.50	0.741 times
15 Fri Dec 2023	302.60	312.25	312.70	300.10	0.543 times
14 Thu Dec 2023	311.70	311.65	315.95	307.05	0.392 times
13 Wed Dec 2023	311.10	312.65	314.00	307.85	0.334 times
12 Tue Dec 2023	309.70	317.75	319.80	302.65	0.817 times
11 Mon Dec 2023	319.85	326.80	336.90	314.30	1.137 times

My analysis of stock is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 319.7 as stoploss in an intra day sell trade for a target of 305.6. However, stock will show a bullish move above 319.7.

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
Downside Target	300.10
Downside 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	297.37
Downside Intraday Target	279.13
Upside Intraday Target	329.42
Upside Intraday Target	343.23
Downside Intraday Target	311.18

Weekly technical analysis of Bharat Wire (BHARATWIRE)

Date	Weekly Closing Price	Open	High	Low	Volume
22 Fri Dec 2023	315.60	300.10	325.00	292.95	2.21 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 up 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
22 Fri Dec 2023	315.60	283.00	343.45	281.00	1.173 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 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 Bharat Wire ( (BHARATWIRE) ) 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 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 Strong and stock is gaining momentum.

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

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

Bharat Wire Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls 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 Bharat Wire in short term and BUY signal is strong.

RSI is generating a BUY signal in short term and the buying is gaining momentum.

MRSI is in positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying might be slowing down

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

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 311.51 and Bharat Wire (BHARATWIRE) stock is trading above this level. This is a good sign for the stock and it could move higher. 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.