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

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

Showing technical analysis as on 2024-03-06 View latest technical analysis

10 day averaged volume of Bharat Road is 149674

Date	Daily Closing Price	Open	High	Low	Volume
06 Wed Mar 2024	67.90	71.00	71.00	67.90	1.179 times
05 Tue Mar 2024	71.45	75.25	75.45	71.45	1.532 times
04 Mon Mar 2024	75.20	79.80	79.80	74.60	0.978 times
02 Sat Mar 2024	77.40	74.50	78.40	74.50	0.402 times
01 Fri Mar 2024	74.80	74.80	74.80	73.60	0.828 times
29 Thu Feb 2024	71.25	74.00	74.80	69.60	1.277 times
28 Wed Feb 2024	73.25	72.50	75.85	72.25	1.425 times
27 Tue Feb 2024	72.25	74.00	74.55	71.80	0.913 times
26 Mon Feb 2024	74.75	78.90	80.40	73.70	1.124 times
23 Fri Feb 2024	77.55	80.90	80.90	76.50	0.816 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 66.3, for a target of 70.9 or 74.67

Share price targets for Bharat Road (BRNL)

Target Type	Value
Downside Target	39.50
Downside Target	41.05
Downside Target	44.00
Downside Target	50.40
Downside Target	58.40
Downside Target	65.35
Downside Target	67.90
Upside Target	69.60
Upside Target	74.00
Upside Target	79.80
Upside Target	80.50
Upside Target	81.85
Upside Target	95.75
Upside Target	97.00
Upside Target	98.50

Intraday share price targets for Bharat Road (BRNL)

Target Type	Value
Downside Intraday Target	63.93
Downside Intraday Target	59.97
Upside Intraday Target	75.83
Upside Intraday Target	83.77
Upside Intraday Target	71.87

Weekly technical analysis of Bharat Road (BRNL)

Date	Weekly Closing Price	Open	High	Low	Volume
06 Wed Mar 2024	67.90	79.80	79.80	67.90	0.618 times
02 Sat Mar 2024	77.40	78.90	80.40	69.60	0.795 times
23 Fri Feb 2024	77.55	78.90	81.85	74.00	0.509 times
16 Fri Feb 2024	76.50	78.70	80.50	65.35	0.967 times
09 Fri Feb 2024	80.35	92.05	95.75	80.35	0.555 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 Road (BRNL)

Date	Monthly Closing Price	Open	High	Low	Volume
06 Wed Mar 2024	67.90	74.80	79.80	67.90	0.097 times
29 Thu Feb 2024	71.25	94.90	97.00	65.35	0.254 times
31 Wed Jan 2024	93.60	51.00	98.50	50.40	2.856 times
29 Fri Dec 2023	49.85	43.25	58.40	41.05	4.36 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 Road (BRNL)

Price action analysis of Bharat Road ( (BRNL) ) 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 Road ( (BRNL) ) 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 Road ( (BRNL) ) based on a mid to longer term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

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

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

Bharat Road 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 red color and prices are below the red cloud Prices appear to be coming down

CCI has generated a SELL signal for Bharat Road 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 negative zone. This is the SELL zone

Stock of Bharat Road is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 73.01 and Bharat Road (BRNL) 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 Road (BRNL) stock. Volume based technical analysis of Bharat Road (BRNL) stock is negative.

Bharat Road 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.