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(BHARATWIRE_BE) Bharat Wire complete technical analysis [charts+indicators] | Buy/Sell Bharat Wire | (BHARATWIRE_BE) share price targets

Complete technical analysis of Bharat Wire (BHARATWIRE_BE) by charts plus indicators, forecast predictions and share price targets for Bharat Wire (BHARATWIRE_BE)

Showing technical analysis as on 2024-02-28 View latest technical analysis

10 day averaged volume of Bharat Wire is 81791

Date	Daily Closing Price	Open	High	Low	Volume
28 Wed Feb 2024	308.05	324.65	324.65	305.60	1.403 times
27 Tue Feb 2024	321.65	324.80	329.80	320.00	0.683 times
26 Mon Feb 2024	324.80	330.00	330.00	322.10	0.283 times
23 Fri Feb 2024	328.00	322.10	333.00	320.10	0.593 times
22 Thu Feb 2024	326.45	327.90	331.95	318.00	0.848 times
21 Wed Feb 2024	328.00	330.90	333.95	325.00	1.129 times
20 Tue Feb 2024	330.90	334.85	337.80	329.30	0.594 times
19 Mon Feb 2024	337.80	328.20	344.60	317.00	2.276 times
16 Fri Feb 2024	328.20	340.00	344.90	325.00	0.625 times
15 Thu Feb 2024	338.45	346.00	346.00	333.00	1.105 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 311.7, for a target of 322.8 or 332.13

Share price targets for Bharat Wire (BHARATWIRE_BE)

Target Type	Value
Downside Target	61.00
Downside Target	67.00
Downside Target	72.70
Downside Target	85.35
Downside Target	305.60
Upside Target	330.00
Upside Target	338.50
Upside Target	344.60
Upside Target	346.00
Upside Target	350.95
Upside Target	360.00
Upside Target	369.95
Upside Target	388.00

Intraday share price targets for Bharat Wire (BHARATWIRE_BE)

Target Type	Value
Downside Intraday Target	299.1
Downside Intraday Target	290.15
Upside Intraday Target	323.5
Upside Intraday Target	338.95
Upside Intraday Target	314.55

Weekly technical analysis of Bharat Wire (BHARATWIRE_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
28 Wed Feb 2024	308.05	330.00	330.00	305.60	0.436 times
23 Fri Feb 2024	328.00	328.20	344.60	317.00	0.802 times
16 Fri Feb 2024	328.20	325.20	346.00	311.55	0.881 times
09 Fri Feb 2024	328.95	346.00	350.95	322.55	1.053 times
02 Fri Feb 2024	344.60	360.30	369.95	338.50	0.869 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_BE)

Date	Monthly Closing Price	Open	High	Low	Volume
28 Wed Feb 2024	308.05	354.95	360.00	305.60	2.005 times
31 Wed Jan 2024	354.95	375.00	388.00	344.10	7.47 times
11 Mon Oct 2021	66.35	62.00	67.00	61.00	0.105 times
30 Thu Sep 2021	61.90	67.00	72.70	61.00	1.19 times

Scroll below to view daily charts

Price has moved down this month, and volume has increased substantially. This means that the move can continue in coming months.

Indicators analysis of Bharat Wire (BHARATWIRE_BE)

Price action analysis of Bharat Wire ( (BHARATWIRE_BE) ) based on a short term time period is neutral. A longer time frame might give a better analysis.

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

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

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

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 green color and prices are in or below the green 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 BUY signal in short term but buying is losing 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 328.12 and Bharat Wire (BHARATWIRE_BE) 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_BE) stock. Volume based technical analysis of Bharat Wire (BHARATWIRE_BE) 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.