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

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

Bal Pharma trades in NSE in Pharmaceuticals sector.

10 day averaged volume of Bal Pharma is 17507

Date	Daily Closing Price	Open	High	Low	Volume
07 Tue May 2024	98.45	100.05	102.85	98.00	0.595 times
06 Mon May 2024	100.05	100.50	104.00	100.00	0.943 times
03 Fri May 2024	100.50	102.00	103.20	99.60	0.577 times
02 Thu May 2024	102.85	99.05	106.00	98.60	3.438 times
30 Tue Apr 2024	99.05	100.45	101.75	98.50	0.934 times
29 Mon Apr 2024	100.45	102.50	102.50	99.60	0.765 times
26 Fri Apr 2024	100.30	98.40	100.65	98.40	0.513 times
25 Thu Apr 2024	98.30	100.20	101.75	97.10	1.273 times
24 Wed Apr 2024	100.60	101.00	103.95	100.00	0.359 times
23 Tue Apr 2024	101.25	98.30	102.00	98.30	0.732 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 98.7, but if it comes above 98.7, then a intra day buy could be more profitable.
If you take a sell trade below 98.7, then use 98.7 as stoploss and 96.5 as target. However if you take a buy trade in stock , then use 98.7 as stoploss and 100.46 as target.

Share price targets for Bal Pharma (BALPHARMA)

Target Type	Value
Downside Target	88.95
Downside Target	92.40
Downside Target	96.15
Upside Target	103.00
Upside Target	105.85
Upside Target	106.00
Upside Target	108.00
Upside Target	116.00
Upside Target	127.80
Upside Target	132.45

Intraday share price targets for Bal Pharma (BALPHARMA)

Target Type	Value
Downside Intraday Target	96.3
Downside Intraday Target	94.15
Upside Intraday Target	102.3
Upside Intraday Target	106.15
Upside Intraday Target	100.15

Weekly technical analysis of Bal Pharma (BALPHARMA)

Date	Weekly Closing Price	Open	High	Low	Volume
07 Tue May 2024	98.45	100.50	104.00	98.00	0.269 times
03 Fri May 2024	100.50	102.50	106.00	98.50	1.709 times
26 Fri Apr 2024	100.30	98.55	103.95	97.10	1.287 times
19 Fri Apr 2024	97.70	101.00	103.00	96.15	0.993 times
12 Fri Apr 2024	101.90	102.10	105.85	100.30	0.471 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 Bal Pharma (BALPHARMA)

Date	Monthly Closing Price	Open	High	Low	Volume
07 Tue May 2024	98.45	99.05	106.00	98.00	0.351 times
30 Tue Apr 2024	99.05	92.40	105.85	92.40	0.618 times
28 Thu Mar 2024	91.20	109.95	116.00	88.95	0.31 times
29 Thu Feb 2024	109.80	127.95	132.45	108.00	0.464 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 Bal Pharma (BALPHARMA)

Price action analysis of Bal Pharma ( (BALPHARMA) ) based on a short term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

Price action analysis of Bal Pharma ( (BALPHARMA) ) based on a short to mid term time period is positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

Price action analysis of Bal Pharma ( (BALPHARMA) ) 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 Bal Pharma stock for short term is BUY. Signal strength is Weak and stock is losing momentum.

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

Bal Pharma Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. 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 Bal Pharma in short term and SELL signal is strong!

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

Stock of Bal Pharma is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 100.77 and Bal Pharma (BALPHARMA) 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 Bal Pharma (BALPHARMA) stock. Volume based technical analysis of Bal Pharma (BALPHARMA) stock is negative.

Bal Pharma 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.