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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 2024-06-06 View latest technical analysis

10 day averaged volume of Balaji Telefilms is 195292

Date	Daily Closing Price	Open	High	Low	Volume
06 Thu Jun 2024	62.35	60.10	62.35	60.10	0.725 times
05 Wed Jun 2024	59.40	61.40	61.40	58.35	2.574 times
04 Tue Jun 2024	61.40	64.95	64.95	61.40	1.415 times
03 Mon Jun 2024	64.60	65.55	65.95	63.70	1.357 times
31 Fri May 2024	64.65	67.75	68.80	64.65	1.214 times
30 Thu May 2024	68.05	68.20	69.95	67.50	0.473 times
29 Wed May 2024	68.45	69.70	69.70	68.10	0.48 times
28 Tue May 2024	68.35	69.85	70.00	68.10	0.662 times
27 Mon May 2024	69.35	71.60	72.15	69.00	0.555 times
24 Fri May 2024	71.00	70.50	72.00	70.00	0.529 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 64.6, but if it comes above 64.6, then a intra day buy could be more profitable.
If you take a sell trade below 64.6, then use 64.6 as stoploss and 60.2 as target. However if you take a buy trade in stock , then use 64.6 as stoploss and 68.34 as target.

Share price targets for Balaji Telefilms (BALAJITELE)

Target Type	Value
Downside Target	58.35
Upside Target	64.65
Upside Target	65.95
Upside Target	68.05
Upside Target	70.00
Upside Target	72.15
Upside Target	75.00
Upside Target	79.90
Upside Target	83.65
Upside Target	88.30
Upside Target	88.85
Upside Target	128.40
Upside Target	143.70

Intraday share price targets for Balaji Telefilms (BALAJITELE)

Target Type	Value
Downside Intraday Target	58.48
Downside Intraday Target	54.62
Upside Intraday Target	66.08
Upside Intraday Target	69.82
Downside Intraday Target	62.22

Weekly technical analysis of Balaji Telefilms (BALAJITELE)

Date	Weekly Closing Price	Open	High	Low	Volume
06 Thu Jun 2024	62.35	65.55	65.95	58.35	1.794 times
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

Price has moved down this week, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Balaji Telefilms (BALAJITELE)

Date	Monthly Closing Price	Open	High	Low	Volume
06 Thu Jun 2024	62.35	65.55	65.95	58.35	0.385 times
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

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 losing 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 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 Balaji Telefilms in short term but BUY 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 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 63.85 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.