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(BomBurmah) Bom Burmah complete technical analysis [charts+indicators] | Buy/Sell Bom Burmah | (BomBurmah) share price targets

Complete technical analysis of Bom Burmah (BomBurmah) by charts plus indicators, forecast predictions and share price targets for Bom Burmah (BomBurmah)

Showing technical analysis as on 2024-03-21 View latest technical analysis

10 day averaged volume of Bom Burmah is 6705

Date	Daily Closing Price	Open	High	Low	Volume
21 Thu Mar 2024	1573.70	1542.00	1582.70	1542.00	0.228 times
20 Wed Mar 2024	1536.30	1568.55	1568.55	1525.00	0.502 times
19 Tue Mar 2024	1541.05	1570.70	1585.00	1533.90	0.733 times
18 Mon Mar 2024	1564.25	1585.15	1621.80	1556.95	0.545 times
15 Fri Mar 2024	1615.65	1591.30	1622.40	1569.60	0.597 times
14 Thu Mar 2024	1624.45	1500.10	1637.55	1500.10	2.66 times
13 Wed Mar 2024	1547.75	1659.70	1685.10	1527.00	0.799 times
12 Tue Mar 2024	1648.55	1676.30	1691.40	1621.00	1.115 times
11 Mon Mar 2024	1692.25	1766.25	1767.00	1676.90	1.218 times
07 Thu Mar 2024	1747.90	1687.70	1810.00	1687.70	1.261 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 1589.5, but if it comes above 1589.5, then a intra day buy could be more profitable.
If you take a sell trade below 1589.5, then use 1589.5 as stoploss and 1499.3 as target. However if you take a buy trade in stock , then use 1589.5 as stoploss and 1664.72 as target.

Share price targets for Bom Burmah (BomBurmah)

Target Type	Value
Downside Target	1265.35
Downside Target	1352.90
Downside Target	1467.95
Downside Target	1500.10
Upside Target	1590.35
Upside Target	1740.00
Upside Target	1767.00
Upside Target	1779.00
Upside Target	1810.00
Upside Target	1836.00
Upside Target	1838.00

Intraday share price targets for Bom Burmah (BomBurmah)

Target Type	Value
Downside Intraday Target	1525.2
Downside Intraday Target	1476.7
Upside Intraday Target	1622
Upside Intraday Target	1670.3
Downside Intraday Target	1573.5

Weekly technical analysis of Bom Burmah (BomBurmah)

Date	Weekly Closing Price	Open	High	Low	Volume
21 Thu Mar 2024	1573.70	1585.15	1621.80	1525.00	0.314 times
15 Fri Mar 2024	1615.65	1766.25	1767.00	1500.10	2.071 times
07 Thu Mar 2024	1747.90	1727.05	1810.00	1670.30	0.691 times
02 Sat Mar 2024	1718.15	1726.90	1779.00	1640.00	0.563 times
23 Fri Feb 2024	1732.25	1762.60	1836.00	1673.00	0.718 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 Bom Burmah (BomBurmah)

Date	Monthly Closing Price	Open	High	Low	Volume
21 Thu Mar 2024	1573.70	1750.00	1810.00	1500.10	0.362 times
29 Thu Feb 2024	1737.20	1748.85	1838.00	1633.20	0.466 times
31 Wed Jan 2024	1736.25	1567.80	1740.00	1467.95	1.471 times
29 Fri Dec 2023	1573.40	1398.95	1590.35	1265.35	1.169 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 Bom Burmah (BomBurmah)

Price action analysis of Bom Burmah ( (BomBurmah) ) 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 Bom Burmah ( (BomBurmah) ) 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 Bom Burmah ( (BomBurmah) ) 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 Bom Burmah stock for short term is SELL. Signal strength is Strong and stock is losing momentum.

MACD generated a SELL signal for Bom Burmah in short term and the sell signal is strong.

Bom Burmah 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 Bom Burmah 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

Stock of Bom Burmah is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 1629.5 and Bom Burmah (BomBurmah) 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 Bom Burmah (BomBurmah) stock. Volume based technical analysis of Bom Burmah (BomBurmah) stock is negative.

Bom Burmah 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.