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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 2024-05-07 View latest technical analysis

10 day averaged volume of Bharat Wire is 410140

Date	Daily Closing Price	Open	High	Low	Volume
07 Tue May 2024	269.10	281.60	283.95	266.20	0.794 times
06 Mon May 2024	280.20	287.00	289.35	276.00	0.579 times
03 Fri May 2024	287.10	295.00	300.00	279.30	1.942 times
02 Thu May 2024	294.00	297.80	298.00	286.20	2.197 times
30 Tue Apr 2024	301.25	320.00	330.55	299.10	3.242 times
29 Mon Apr 2024	314.85	312.00	317.70	307.55	0.489 times
26 Fri Apr 2024	308.10	309.90	315.45	304.00	0.365 times
25 Thu Apr 2024	305.95	304.85	311.00	302.80	0.348 times
24 Wed Apr 2024	300.95	302.70	308.30	300.00	0.231 times
23 Tue Apr 2024	302.05	308.75	312.60	298.00	0.422 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 288, but if it comes above 288, then a intra day buy could be more profitable.
If you take a sell trade below 288, then use 288 as stoploss and 237.1 as target. However if you take a buy trade in stock , then use 288 as stoploss and 330.48 as target.

Share price targets for Bharat Wire (BHARATWIRE)

Target Type	Value
Downside Target	253.80
Downside Target	266.20
Upside Target	279.30
Upside Target	289.35
Upside Target	300.00
Upside Target	315.45
Upside Target	330.55
Upside Target	343.45
Upside Target	360.90
Upside Target	399.70
Upside Target	400.60

Intraday share price targets for Bharat Wire (BHARATWIRE)

Target Type	Value
Downside Intraday Target	260.42
Downside Intraday Target	251.73
Upside Intraday Target	283.57
Upside Intraday Target	298.03
Upside Intraday Target	274.88

Weekly technical analysis of Bharat Wire (BHARATWIRE)

Date	Weekly Closing Price	Open	High	Low	Volume
07 Tue May 2024	269.10	287.00	289.35	266.20	0.175 times
03 Fri May 2024	287.10	312.00	330.55	279.30	5.073 times
26 Fri Apr 2024	308.10	292.55	315.45	292.55	0.326 times
18 Thu Jan 2024	371.20	393.95	399.70	360.90	0.218 times
12 Fri Jan 2024	395.15	309.75	400.60	303.25	6.078 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 Bharat Wire (BHARATWIRE)

Date	Monthly Closing Price	Open	High	Low	Volume
07 Tue May 2024	269.10	297.80	300.00	266.20	1.044 times
30 Tue Apr 2024	301.25	292.55	330.55	292.55	0.175 times
18 Thu Jan 2024	371.20	309.00	400.60	300.00	1.213 times
29 Fri Dec 2023	309.00	283.00	343.45	281.00	1.35 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 Bharat Wire (BHARATWIRE)

Price action analysis of Bharat Wire ( (BHARATWIRE) ) 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 Bharat Wire ( (BHARATWIRE) ) 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 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 SELL. Signal strength is Strong and stock is gaining momentum.

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

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 red color and prices are below the red 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 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 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 294.64 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 negative.

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