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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 2024-06-12 View latest technical analysis

10 day averaged volume of Balaji Telefilms is 345184

Date	Daily Closing Price	Open	High	Low	Volume
12 Wed Jun 2024	67.61	67.50	70.50	66.85	1.021 times
11 Tue Jun 2024	66.47	69.80	69.95	65.22	1.017 times
10 Mon Jun 2024	69.13	69.89	70.95	66.61	1.772 times
07 Fri Jun 2024	68.55	63.45	68.55	63.00	2.55 times
06 Thu Jun 2024	62.35	60.10	62.35	60.10	0.41 times
05 Wed Jun 2024	59.40	61.40	61.40	58.35	1.456 times
04 Tue Jun 2024	61.40	64.95	64.95	61.40	0.8 times
03 Mon Jun 2024	64.60	65.55	65.95	63.70	0.768 times
31 Fri May 2024	64.65	67.75	68.80	64.65	0.687 times
30 Thu May 2024	68.05	68.20	69.95	67.50	0.268 times

My analysis of stock is bearish for shortterm, and stock might move down till 64.3 or till 60. Use a stoploss of 67.79 and if the stock hits stoploss, then it can shoot up till 71.31

Share price targets for Balaji Telefilms (BALAJITELE)

Target Type	Value
Downside Target	58.35
Downside Target	64.65
Upside Target	68.05
Upside Target	70.00
Upside Target	73.50
Upside Target	74.00
Upside Target	75.00
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	64.9
Downside Intraday Target	62.2
Upside Intraday Target	70.63
Upside Intraday Target	73.66
Upside Intraday Target	67.93

Weekly technical analysis of Balaji Telefilms (BALAJITELE)

Date	Weekly Closing Price	Open	High	Low	Volume
12 Wed Jun 2024	67.61	69.89	70.95	65.22	0.637 times
07 Fri Jun 2024	68.55	65.55	68.55	58.35	3.126 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

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
12 Wed Jun 2024	67.61	65.55	70.95	58.35	1.098 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 up 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 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 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 BUY. Signal strength is Weak and stock is gaining momentum.

MACD generated a BUY signal for Balaji Telefilms in short term but the buy signal is initial and weak.

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

Balaji Telefilms 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 red color and prices are in or above the red cloud Prices appear to be moving up

CCI has generated a buy signal for Balaji Telefilms 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 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 65.81 and Balaji Telefilms (BALAJITELE) 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 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.