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(BRFL) Bombay Rayon complete technical analysis [charts+indicators] | Buy/Sell Bombay Rayon | (BRFL) share price targets

Complete technical analysis of Bombay Rayon (BRFL) by charts plus indicators, forecast predictions and share price targets for Bombay Rayon (BRFL)

Bombay Rayon trades in NSE in Textiles sector.

10 day averaged volume of Bombay Rayon is 337585

Date	Daily Closing Price	Open	High	Low	Volume
01 Fri Apr 2022	6.65	6.50	6.65	6.35	0.814 times
31 Thu Mar 2022	6.35	6.55	6.55	6.30	0.876 times
30 Wed Mar 2022	6.40	6.50	6.60	6.35	1.487 times
29 Tue Mar 2022	6.50	6.75	6.80	6.40	0.812 times
28 Mon Mar 2022	6.65	6.65	6.80	6.45	1.213 times
25 Fri Mar 2022	6.65	6.90	7.10	6.65	2.031 times
24 Thu Mar 2022	7.00	7.15	7.15	6.95	0.711 times
23 Wed Mar 2022	7.10	7.05	7.40	7.00	1.231 times
22 Tue Mar 2022	7.10	7.05	7.35	7.05	0.497 times
21 Mon Mar 2022	7.20	7.40	7.55	7.10	0.679 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 6.7, but if it comes above 6.7, then a intra day buy could be more profitable.
If you take a sell trade below 6.7, then use 6.7 as stoploss and 6.1 as target. However if you take a buy trade in stock , then use 6.7 as stoploss and 7.11 as target.

Share price targets for Bombay Rayon (BRFL)

Target Type	Value
Downside Target	6.30
Downside Target	6.65
Upside Target	6.95
Upside Target	7.10
Upside Target	7.30
Upside Target	7.55
Upside Target	7.60
Upside Target	7.95
Upside Target	8.00
Upside Target	8.25
Upside Target	9.95

Intraday share price targets for Bombay Rayon (BRFL)

Target Type	Value
Downside Intraday Target	6.37
Downside Intraday Target	6.08
Upside Intraday Target	6.87
Upside Intraday Target	7.08
Downside Intraday Target	6.58

Weekly technical analysis of Bombay Rayon (BRFL)

Date	Weekly Closing Price	Open	High	Low	Volume
01 Fri Apr 2022	6.65	6.65	6.80	6.30	1.011 times
25 Fri Mar 2022	6.65	7.40	7.55	6.65	2.123 times
17 Thu Mar 2022	7.40	7.90	8.00	7.35	0.328 times
11 Fri Mar 2022	7.95	6.85	7.95	6.70	2.647 times
04 Fri Mar 2022	6.95	7.05	7.30	6.80	0.552 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 Bombay Rayon (BRFL)

Date	Monthly Closing Price	Open	High	Low	Volume
01 Fri Apr 2022	6.65	6.50	6.65	6.35	0.038 times
31 Thu Mar 2022	6.35	7.25	8.00	6.30	0.506 times
28 Mon Feb 2022	7.20	7.80	9.95	6.80	5.732 times
31 Mon Jan 2022	7.70	8.00	8.25	7.10	0.659 times

Scroll below to view daily charts

Price has moved up 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 Bombay Rayon (BRFL)

Price action analysis of Bombay Rayon ( (BRFL) ) 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 Bombay Rayon ( (BRFL) ) 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 Bombay Rayon ( (BRFL) ) 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 Bombay Rayon stock for short term is SELL. Signal strength is Strong and stock is losing momentum.

MACD generated a SELL signal for Bombay Rayon 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.

Bombay Rayon Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls are picking up momentum!

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

CCI has generated a buy signal for Bombay Rayon in short term but BUY signal is weak.

RSI is generating a BUY signal in short term but buying is losing 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 Bombay Rayon is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 6.71 and Bombay Rayon (BRFL) 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 Bombay Rayon (BRFL) stock. Volume based technical analysis of Bombay Rayon (BRFL) stock is negative.

Bombay Rayon 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.