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

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

Showing technical analysis as on 2024-02-05 View latest technical analysis

10 day averaged volume of Balgopal is 2449

Date	Daily Closing Price	Open	High	Low	Volume
05 Mon Feb 2024	42.78	42.79	42.79	42.78	0.071 times
02 Fri Feb 2024	43.65	45.00	45.00	43.65	0.396 times
01 Thu Feb 2024	44.40	44.24	44.41	43.00	1.282 times
31 Wed Jan 2024	43.54	42.69	43.54	41.85	0.805 times
30 Tue Jan 2024	42.70	42.79	42.79	41.13	0.759 times
29 Mon Jan 2024	41.96	41.96	41.96	40.55	1.594 times
25 Thu Jan 2024	41.14	41.14	41.14	41.14	0.917 times
24 Wed Jan 2024	39.19	39.19	39.19	39.19	1.771 times
23 Tue Jan 2024	37.33	37.33	37.33	37.33	1.212 times
22 Mon Jan 2024	35.56	32.86	36.30	32.86	0.379 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 41.9, but if it comes below 41.9, then a intra day sell could be more profitable.
If you take a sell trade below 41.9, then use 41.9 as stoploss and 38.19 as target. However if you take a buy trade in stock , then use 41.9 as stoploss and 46.3 as target.

Share price targets for Balgopal (Balgopal)

Target Type	Value
Downside Target	19.41
Downside Target	27.02
Downside Target	28.71
Downside Target	30.85
Downside Target	32.86
Downside Target	35.66
Downside Target	37.00
Downside Target	38.32
Downside Target	40.55
Downside Target	42.78
Upside Target	42.79
Upside Target	43.54
Upside Target	45.00

Intraday share price targets for Balgopal (Balgopal)

Target Type	Value
Downside Intraday Target	42.78
Downside Intraday Target	42.77
Upside Intraday Target	42.79
Upside Intraday Target	42.79
Upside Intraday Target	42.78

Weekly technical analysis of Balgopal (Balgopal)

Date	Weekly Closing Price	Open	High	Low	Volume
05 Mon Feb 2024	42.78	42.79	42.79	42.78	0.015 times
02 Fri Feb 2024	43.65	41.96	45.00	40.55	1.13 times
25 Thu Jan 2024	41.14	32.86	41.14	32.86	1.193 times
19 Fri Jan 2024	34.58	36.50	38.32	33.01	1.546 times
12 Fri Jan 2024	36.44	30.85	37.00	30.85	0.751 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 Balgopal (Balgopal)

Date	Monthly Closing Price	Open	High	Low	Volume
05 Mon Feb 2024	42.78	44.24	45.00	42.78	0.106 times
31 Wed Jan 2024	43.54	30.21	43.54	28.71	2.747 times
29 Fri Dec 2023	30.21	29.19	38.55	29.19	0.347 times
30 Thu Nov 2023	29.93	29.00	35.66	27.02	0.042 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 Balgopal (Balgopal)

Price action analysis of Balgopal ( (Balgopal) ) 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 Balgopal ( (Balgopal) ) 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 Balgopal ( (Balgopal) ) 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 Balgopal stock for short term is BUY. Signal strength is Strong and stock is losing momentum.

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

Balgopal Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting tired and bears are picking up momentum.

Ichimoku cloud is of green color and prices are above the green cloud Prices appear to be coming down

CCI has generated a SELL signal for Balgopal in short term but SELL signal is weak.

RSI is generating a BUY signal in short term and the buying is gaining 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 Balgopal is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 41.09 and Balgopal (Balgopal) 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 Balgopal (Balgopal) stock. Volume based technical analysis of Balgopal (Balgopal) stock is negative.

Balgopal 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.