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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 2024-06-07 View latest technical analysis

10 day averaged volume of Bharat Wire is 229464

Date	Daily Closing Price	Open	High	Low	Volume
07 Fri Jun 2024	268.20	267.00	271.00	264.30	0.699 times
06 Thu Jun 2024	264.50	253.80	270.50	252.00	1.099 times
05 Wed Jun 2024	244.50	245.25	252.10	229.00	1.136 times
04 Tue Jun 2024	241.65	280.15	280.15	228.10	2.58 times
03 Mon Jun 2024	283.00	278.00	290.85	276.95	1.488 times
31 Fri May 2024	273.55	278.00	280.10	272.10	0.317 times
30 Thu May 2024	276.55	281.80	287.00	275.40	0.585 times
29 Wed May 2024	280.85	283.70	284.55	277.70	0.282 times
28 Tue May 2024	282.10	291.80	293.95	281.50	0.661 times
27 Mon May 2024	288.55	288.80	292.95	282.00	0.644 times

My analysis of stock is bearish for shortterm, and stock might move down till 259.8 or till 245.5. Use a stoploss of 271.84 and if the stock hits stoploss, then it can shoot up till 283.83

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	233.92
Downside Intraday Target	199.63
Upside Intraday Target	296.67
Upside Intraday Target	325.13
Downside Intraday Target	262.38

Weekly technical analysis of Bharat Wire (BHARATWIRE)

Date	Weekly Closing Price	Open	High	Low	Volume
07 Fri Jun 2024	268.20	278.00	290.85	228.10	2.813 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
07 Fri Jun 2024	268.20	278.00	290.85	228.10	0.302 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 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 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 neutral. A longer time frame might give a better analysis.

Price action analysis of Bharat Wire ( (BHARATWIRE) ) based on a mid to longer 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.

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 weakening, and bulls are picking up momentum!

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 SELL signal in short term and selling is picking up 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 263.46 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 negative.

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