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

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

Balaji Telefilms trades in NSE in Broadcasting & Cable TV sector.

Showing technical analysis as on 2024-05-31 View latest technical analysis

10 day averaged volume of Balaji Telefilms is 111831

Date	Daily Closing Price	Open	High	Low	Volume
31 Fri May 2024	64.65	67.75	68.80	64.65	2.12 times
30 Thu May 2024	68.05	68.20	69.95	67.50	0.826 times
29 Wed May 2024	68.45	69.70	69.70	68.10	0.838 times
28 Tue May 2024	68.35	69.85	70.00	68.10	1.156 times
27 Mon May 2024	69.35	71.60	72.15	69.00	0.97 times
24 Fri May 2024	71.00	70.50	72.00	70.00	0.924 times
23 Thu May 2024	70.45	71.55	72.10	70.15	1.294 times
22 Wed May 2024	72.15	71.15	73.15	70.10	1.562 times
21 Tue May 2024	70.80	71.10	72.40	70.50	0.918 times
18 Sat May 2024	72.40	71.00	74.00	70.80	0.41 times

Stock of Balaji Telefilms (BALAJITELE) has showed a significant fall. This could be a good time to exit from this stock.

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 65.3, for a target of 68.3 or 70.78

Share price targets for Balaji Telefilms (BALAJITELE)

Target Type	Value
Downside Target	64.65
Upside Target	68.05
Upside Target	70.00
Upside Target	72.15
Upside Target	78.30
Upside Target	79.90
Upside Target	83.65
Upside Target	84.35
Upside Target	88.30
Upside Target	88.85
Upside Target	100.80
Upside Target	128.40
Upside Target	143.70

Intraday share price targets for Balaji Telefilms (BALAJITELE)

Target Type	Value
Downside Intraday Target	62.15
Downside Intraday Target	59.65
Upside Intraday Target	69.65
Upside Intraday Target	74.65
Upside Intraday Target	67.15

Weekly technical analysis of Balaji Telefilms (BALAJITELE)

Date	Weekly Closing Price	Open	High	Low	Volume
31 Fri May 2024	64.65	71.60	72.15	64.65	1.258 times
24 Fri May 2024	71.00	71.10	73.15	70.00	0.697 times
18 Sat May 2024	72.40	72.00	74.00	68.05	0.919 times
10 Fri May 2024	71.15	79.70	79.90	70.55	0.962 times
03 Fri May 2024	78.70	84.35	84.35	78.30	1.029 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 Balaji Telefilms (BALAJITELE)

Date	Monthly Closing Price	Open	High	Low	Volume
31 Fri May 2024	64.65	83.15	83.65	64.65	0.604 times
30 Tue Apr 2024	81.70	77.50	88.85	75.00	0.349 times
28 Thu Mar 2024	73.85	124.20	128.40	73.50	0.354 times
29 Thu Feb 2024	124.20	88.45	143.70	88.30	1.198 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 Balaji Telefilms (BALAJITELE)

Price action analysis of Balaji Telefilms ( (BALAJITELE) ) 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 Balaji Telefilms ( (BALAJITELE) ) 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 Balaji Telefilms ( (BALAJITELE) ) 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 Balaji Telefilms stock for short term is SELL. Signal strength is Strong and stock is gaining momentum.

MACD generated a SELL signal for Balaji Telefilms in short term and the sell signal is strong.

Balaji Telefilms 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 Balaji Telefilms 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 Balaji Telefilms is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 69.07 and Balaji Telefilms (BALAJITELE) 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 Balaji Telefilms (BALAJITELE) stock. Volume based technical analysis of Balaji Telefilms (BALAJITELE) stock is negative.

Balaji Telefilms 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.