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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 2024-06-06 View latest technical analysis

10 day averaged volume of Bharat Wire is 263937

Date	Daily Closing Price	Open	High	Low	Volume
06 Thu Jun 2024	264.50	253.80	270.50	252.00	0.955 times
05 Wed Jun 2024	244.50	245.25	252.10	229.00	0.987 times
04 Tue Jun 2024	241.65	280.15	280.15	228.10	2.243 times
03 Mon Jun 2024	283.00	278.00	290.85	276.95	1.293 times
31 Fri May 2024	273.55	278.00	280.10	272.10	0.275 times
30 Thu May 2024	276.55	281.80	287.00	275.40	0.509 times
29 Wed May 2024	280.85	283.70	284.55	277.70	0.245 times
28 Tue May 2024	282.10	291.80	293.95	281.50	0.575 times
27 Mon May 2024	288.55	288.80	292.95	282.00	0.56 times
24 Fri May 2024	286.25	288.60	297.30	281.15	1.051 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 258.8 as stoploss in an intra day buy trade for a target of 271.26. However, stock will show a bearish move below 258.8.

Share price targets for Bharat Wire (BHARATWIRE)

Target Type	Value
Downside Target	228.10
Downside Target	253.00
Downside 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	231.45
Downside Intraday Target	198.4
Upside Intraday Target	294.2
Upside Intraday Target	323.9
Downside Intraday Target	261.15

Weekly technical analysis of Bharat Wire (BHARATWIRE)

Date	Weekly Closing Price	Open	High	Low	Volume
06 Thu Jun 2024	264.50	278.00	290.85	228.10	2.532 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
06 Thu Jun 2024	264.50	278.00	290.85	228.10	0.272 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 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 positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

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

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

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

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 in or above the red cloud Prices appear to be moving up

CCI has generated a buy signal for Bharat Wire in short term but BUY signal is weak.

RSI is generating a BUY signal in short term and the buying is gaining 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 265.88 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.