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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)

10 day averaged volume of Bharat Road is 603068

Date Daily Closing Price Open High Low Volume
28 Mon Nov 2022 40.80 41.70 43.35 40.30 0.794 times
25 Fri Nov 2022 40.45 41.45 44.60 38.95 4.914 times
24 Thu Nov 2022 40.30 34.25 40.30 33.65 4.432 times
23 Wed Nov 2022 33.60 33.55 34.10 33.35 0.03 times
22 Tue Nov 2022 33.50 33.55 34.05 33.30 0.027 times
21 Mon Nov 2022 33.75 33.55 34.00 33.30 0.039 times
18 Fri Nov 2022 33.50 33.80 34.65 33.35 0.045 times
17 Thu Nov 2022 34.00 33.25 34.55 33.25 0.049 times
16 Wed Nov 2022 33.65 34.45 34.45 32.85 0.149 times
15 Tue Nov 2022 33.95 34.20 35.60 33.65 0.234 times

Although my analysis for stock is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 40.5, for a target of 37.7 or 35.32

Share price targets for Bharat Road (BRNL)

Target Type Value
Downside Target 29.70
Downside Target 31.75
Downside Target 32.85
Downside Target 35.00
Downside Target 36.25
Downside Target 37.50
Downside Target 39.60
Downside Target 40.00
Downside Target 40.30
Upside Target 41.10
Upside Target 43.35
Upside Target 44.60

Intraday share price targets for Bharat Road (BRNL)

Target Type Value
Downside Intraday Target 39.62
Downside Intraday Target 38.43
Upside Intraday Target 42.67
Upside Intraday Target 44.53
Upside Intraday Target 41.48

Weekly technical analysis of Bharat Road (BRNL)

Date Weekly Closing Price Open High Low Volume
28 Mon Nov 2022 40.80 41.70 43.35 40.30 0.084 times
25 Fri Nov 2022 40.45 33.55 44.60 33.30 16.943 times
18 Fri Nov 2022 33.50 35.60 36.25 32.85 0.607 times
11 Fri Nov 2022 35.60 35.45 39.60 35.00 1.669 times
04 Fri Nov 2022 35.05 34.20 36.40 33.15 3.283 times

Price has moved up 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
28 Mon Nov 2022 40.80 34.20 44.60 32.85 12.232 times
31 Mon Oct 2022 34.10 34.30 37.50 33.60 0.167 times
30 Fri Sep 2022 34.35 34.55 41.10 33.10 3.261 times
30 Tue Aug 2022 34.10 35.20 36.75 31.75 0.211 times

Scroll below to view daily charts

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

Indicators analysis of Bharat Road (BRNL)

Indicator Name Indicator Value Indicator Signal
ADX 45, 6, 75 Buy
MACD 2, 1Buy
Stochastics 77Buy
CCI 140Buy
RSI 66Buy
OBV 6276841Sell
VWAP 40Buy
ADL 0Sell
ROC 17Buy
Force Index 0Sell

Price action analysis of Bharat Road ( (BRNL) ) based on a short 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.

Price action analysis of Bharat Road ( (BRNL) ) based on a short 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.

Price action analysis of Bharat Road ( (BRNL) ) based on a short to mid 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.

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 BUY. Signal strength is Strong and stock is gaining momentum.

MACD generated a BUY signal for Bharat Road in short term and the buy signal is strong.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Bharat Road Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting stronger in this stock.

Ichimoku cloud is of green color and prices are above the green cloud Prices appear to be moving up

CCI has generated a buy signal for Bharat Road in short term and BUY 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 40.06 and Bharat Road (BRNL) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is rising upwards.

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 is giving positive 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.

Click here for Bharat Road charts

Click here for further forecast and predictions for tomorrow

Daily charts

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Daily chart

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