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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 2024-03-02 View latest technical analysis

10 day averaged volume of Bal Pharma is 29113

Date	Daily Closing Price	Open	High	Low	Volume
02 Sat Mar 2024	115.65	112.00	116.00	108.00	0.455 times
01 Fri Mar 2024	112.45	109.95	114.40	109.90	0.606 times
29 Thu Feb 2024	109.80	110.00	111.90	108.50	0.478 times
28 Wed Feb 2024	110.80	112.80	116.30	110.10	1.208 times
27 Tue Feb 2024	113.25	115.40	117.10	112.80	1.256 times
26 Mon Feb 2024	115.40	116.35	119.80	115.00	0.637 times
23 Fri Feb 2024	116.70	117.65	119.85	115.50	0.731 times
22 Thu Feb 2024	117.60	118.00	119.75	115.55	1.082 times
21 Wed Feb 2024	118.75	118.50	121.75	118.00	0.73 times
20 Tue Feb 2024	119.30	124.90	124.90	116.00	1.246 times

My analysis of stock is bearish for shortterm, and stock might move down till 112.7 or till 107.1. Use a stoploss of 117.41 and if the stock hits stoploss, then it can shoot up till 122.08

Share price targets for Bal Pharma (BALPHARMA)

Target Type	Value
Downside Target	86.10
Downside Target	96.45
Downside Target	99.45
Downside Target	108.00
Downside 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	109.17
Downside Intraday Target	102.68
Upside Intraday Target	120.97
Upside Intraday Target	126.28
Downside Intraday Target	114.48

Weekly technical analysis of Bal Pharma (BALPHARMA)

Date	Weekly Closing Price	Open	High	Low	Volume
02 Sat Mar 2024	115.65	116.35	119.80	108.00	0.798 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
02 Sat Mar 2024	115.65	109.95	116.00	108.00	0.021 times
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

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 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 neutral. A longer time frame might give a better analysis.

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.

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

Bal Pharma 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 Bal Pharma in short term but BUY signal is weak.

RSI is generating a BUY signal in short term but buying is losing momentum.

MRSI is in positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying 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 115.17 and Bal Pharma (BALPHARMA) stock is trading above this level. This is a good sign for the stock and it could move higher. 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.