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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 2024-06-05 View latest technical analysis

10 day averaged volume of Bharat Wire is 252353

Date	Daily Closing Price	Open	High	Low	Volume
05 Wed Jun 2024	244.50	245.25	252.10	229.00	1.033 times
04 Tue Jun 2024	241.65	280.15	280.15	228.10	2.346 times
03 Mon Jun 2024	283.00	278.00	290.85	276.95	1.353 times
31 Fri May 2024	273.55	278.00	280.10	272.10	0.288 times
30 Thu May 2024	276.55	281.80	287.00	275.40	0.532 times
29 Wed May 2024	280.85	283.70	284.55	277.70	0.256 times
28 Tue May 2024	282.10	291.80	293.95	281.50	0.601 times
27 Mon May 2024	288.55	288.80	292.95	282.00	0.585 times
24 Fri May 2024	286.25	288.60	297.30	281.15	1.1 times
23 Thu May 2024	287.85	270.00	290.10	269.40	2.365 times

Although my analysis for stock is bearish for shortterm, but stock is in heavy over sold zones and there are high chances of some recovery tomorrow. You might want to buy the stock tomorrow in intra day with a stoploss of 243.3, for a target of 258.4 or 271.01

Share price targets for Bharat Wire (BHARATWIRE)

Target Type	Value
Downside Target	228.10
Upside Target	253.00
Upside Target	263.70
Upside Target	272.10
Upside Target	289.35
Upside Target	293.95
Upside Target	297.30
Upside Target	300.00
Upside Target	330.55
Upside Target	343.45
Upside Target	400.60

Intraday share price targets for Bharat Wire (BHARATWIRE)

Target Type	Value
Downside Intraday Target	218.12
Downside Intraday Target	191.73
Upside Intraday Target	280.87
Upside Intraday Target	317.23
Upside Intraday Target	254.48

Weekly technical analysis of Bharat Wire (BHARATWIRE)

Date	Weekly Closing Price	Open	High	Low	Volume
05 Wed Jun 2024	244.50	278.00	290.85	228.10	2.091 times
31 Fri May 2024	273.55	288.80	293.95	272.10	0.486 times
24 Fri May 2024	286.25	270.20	297.30	263.70	1.518 times
18 Sat May 2024	270.60	258.45	275.80	258.00	0.707 times
10 Fri May 2024	256.60	287.00	289.35	253.00	0.339 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
05 Wed Jun 2024	244.50	278.00	290.85	228.10	0.225 times
31 Fri May 2024	273.55	297.80	300.00	253.00	2.452 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

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 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 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 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 mid to longer term time period is neutral. A longer time frame might give a better analysis.

ADX buy sell signal for Bharat Wire stock for short term is SELL. Signal strength is Strong and stock is losing momentum.

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

Bharat Wire Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bears are getting stronger in this stock.

Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be moving up

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 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 270.98 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.