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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 2024-05-02 View latest technical analysis

10 day averaged volume of Bal Pharma is 12787

Date	Daily Closing Price	Open	High	Low	Volume
02 Thu May 2024	102.85	99.05	106.00	98.60	4.707 times
30 Tue Apr 2024	99.05	100.45	101.75	98.50	1.279 times
29 Mon Apr 2024	100.45	102.50	102.50	99.60	1.047 times
26 Fri Apr 2024	100.30	98.40	100.65	98.40	0.703 times
25 Thu Apr 2024	98.30	100.20	101.75	97.10	1.743 times
24 Wed Apr 2024	100.60	101.00	103.95	100.00	0.492 times
23 Tue Apr 2024	101.25	98.30	102.00	98.30	1.002 times
22 Mon Apr 2024	98.30	98.55	99.75	98.00	0.637 times
19 Fri Apr 2024	97.70	100.15	100.25	96.15	0.766 times
18 Thu Apr 2024	100.10	100.50	103.00	99.60	1.384 times

Stock of Bal Pharma (BALPHARMA) has showed a significant upmove. This could be a good time to enter in this stock!

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 102.4, but if it comes below 102.4, then a intra day sell could be more profitable.
If you take a sell trade below 102.4, then use 102.4 as stoploss and 100.63 as target. However if you take a buy trade in stock , then use 102.4 as stoploss and 104.6 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	98.9
Downside Intraday Target	94.95
Upside Intraday Target	106.4
Upside Intraday Target	109.95
Downside Intraday Target	102.45

Weekly technical analysis of Bal Pharma (BALPHARMA)

Date	Weekly Closing Price	Open	High	Low	Volume
02 Thu May 2024	102.85	102.50	106.00	98.50	1.537 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
05 Fri Apr 2024	103.25	92.40	104.95	92.40	1.193 times

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

Monthly technical analysis of Bal Pharma (BALPHARMA)

Date	Monthly Closing Price	Open	High	Low	Volume
02 Thu May 2024	102.85	99.05	106.00	98.60	0.217 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 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 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 short term time period is neutral. A longer time frame might give a better analysis.

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 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 gaining momentum.

MACD generated a BUY signal for Bal Pharma 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.

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. Bulls are getting stronger in this stock.

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 Bal Pharma in short term and BUY signal is strong.

RSI is generating a SELL signal in short term but selling is losing 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 100.64 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 rising upwards.

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.