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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 2024-03-12 View latest technical analysis

10 day averaged volume of Bharat Road is 240106

Date	Daily Closing Price	Open	High	Low	Volume
12 Tue Mar 2024	58.95	60.25	62.00	58.95	1.2 times
11 Mon Mar 2024	62.05	66.90	67.90	61.50	2.257 times
07 Thu Mar 2024	64.70	69.00	70.95	64.50	2.424 times
06 Wed Mar 2024	67.90	71.00	71.00	67.90	0.735 times
05 Tue Mar 2024	71.45	75.25	75.45	71.45	0.955 times
04 Mon Mar 2024	75.20	79.80	79.80	74.60	0.61 times
02 Sat Mar 2024	77.40	74.50	78.40	74.50	0.251 times
01 Fri Mar 2024	74.80	74.80	74.80	73.60	0.516 times
29 Thu Feb 2024	71.25	74.00	74.80	69.60	0.796 times
28 Wed Feb 2024	73.25	72.50	75.85	72.25	0.888 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 60.3, for a target of 67.2 or 72.88

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
Upside Target	64.50
Upside Target	67.90
Upside Target	69.60
Upside Target	74.00
Upside Target	79.80
Upside Target	80.40
Upside Target	80.50
Upside Target	81.85
Upside Target	97.00
Upside Target	98.50

Intraday share price targets for Bharat Road (BRNL)

Target Type	Value
Downside Intraday Target	55.97
Downside Intraday Target	52.98
Upside Intraday Target	64.92
Upside Intraday Target	70.88
Upside Intraday Target	61.93

Weekly technical analysis of Bharat Road (BRNL)

Date	Weekly Closing Price	Open	High	Low	Volume
12 Tue Mar 2024	58.95	66.90	67.90	58.95	0.732 times
07 Thu Mar 2024	64.70	79.80	79.80	64.50	1.27 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

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
12 Tue Mar 2024	58.95	74.80	79.80	58.95	0.282 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 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 Road ( (BRNL) ) 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 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 and the sell signal is strong.

Bharat Road 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 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

Although the stock is in the SELL zone, but selling might be slowing down

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

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 66.91 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.