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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.

Showing technical analysis as on 2024-02-29 View latest technical analysis

10 day averaged volume of Bal Pharma is 35121

Date	Daily Closing Price	Open	High	Low	Volume
29 Thu Feb 2024	109.80	110.00	111.90	108.50	0.396 times
28 Wed Feb 2024	110.80	112.80	116.30	110.10	1.002 times
27 Tue Feb 2024	113.25	115.40	117.10	112.80	1.041 times
26 Mon Feb 2024	115.40	116.35	119.80	115.00	0.528 times
23 Fri Feb 2024	116.70	117.65	119.85	115.50	0.606 times
22 Thu Feb 2024	117.60	118.00	119.75	115.55	0.897 times
21 Wed Feb 2024	118.75	118.50	121.75	118.00	0.605 times
20 Tue Feb 2024	119.30	124.90	124.90	116.00	1.033 times
19 Mon Feb 2024	122.55	121.00	126.00	120.95	1.68 times
16 Fri Feb 2024	120.50	114.70	121.70	114.65	2.03 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 113.5, but if it comes above 113.5, then a intra day buy could be more profitable.
If you take a sell trade below 113.5, then use 113.5 as stoploss and 107.4 as target. However if you take a buy trade in stock , then use 113.5 as stoploss and 118.57 as target.

Share price targets for Bal Pharma (BALPHARMA)

Target Type	Value
Downside Target	81.20
Downside Target	86.10
Downside Target	96.45
Downside Target	99.45
Downside Target	108.00
Upside Target	112.30
Upside Target	119.80
Upside Target	125.90
Upside Target	126.00
Upside Target	127.80
Upside Target	129.90
Upside Target	132.45

Intraday share price targets for Bal Pharma (BALPHARMA)

Target Type	Value
Downside Intraday Target	105.6
Downside Intraday Target	101.4
Upside Intraday Target	116.9
Upside Intraday Target	124
Upside Intraday Target	112.7

Weekly technical analysis of Bal Pharma (BALPHARMA)

Date	Weekly Closing Price	Open	High	Low	Volume
29 Thu Feb 2024	109.80	116.35	119.80	108.50	0.615 times
23 Fri Feb 2024	116.70	121.00	126.00	115.50	0.756 times
16 Fri Feb 2024	120.50	125.90	125.90	108.00	0.486 times
09 Fri Feb 2024	122.80	125.30	129.90	117.15	0.389 times
02 Fri Feb 2024	126.15	112.30	132.45	112.30	4.426 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
29 Thu Feb 2024	109.80	127.95	132.45	108.00	0.464 times
31 Wed Jan 2024	126.25	102.60	127.80	99.45	3.72 times
29 Fri Dec 2023	100.05	107.65	113.90	96.45	0.301 times
30 Thu Nov 2023	107.65	86.10	118.35	86.10	7.854 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 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 Bal Pharma ( (BALPHARMA) ) 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 Bal Pharma ( (BALPHARMA) ) 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 Bal Pharma stock for short term is SELL. Signal strength is Strong and stock is gaining momentum.

MACD generated a SELL signal for Bal Pharma in short term and the sell signal is strong.

Bal Pharma 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 green color and prices are in or below the green 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

Although the stock is in the SELL zone, but selling might be slowing down

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

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 117.65 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 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.