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(BBL) Bharat Bijlee complete technical analysis [charts+indicators] | Buy/Sell Bharat Bijlee | (BBL) share price targets

Complete technical analysis of Bharat Bijlee (BBL) by charts plus indicators, forecast predictions and share price targets for Bharat Bijlee (BBL)

Bharat Bijlee trades in NSE in Other Elect.Equip. sector.

Showing technical analysis as on 2024-01-16 View latest technical analysis

10 day averaged volume of Bharat Bijlee is 82064

Date	Daily Closing Price	Open	High	Low	Volume
16 Tue Jan 2024	4395.25	4502.25	4570.20	4376.00	0.976 times
15 Mon Jan 2024	4534.90	4750.00	4775.00	4515.00	1.198 times
12 Fri Jan 2024	4652.25	4977.00	5419.95	4586.00	6.469 times
11 Thu Jan 2024	4935.85	4882.00	4970.00	4875.00	0.188 times
10 Wed Jan 2024	4896.45	4830.00	4920.00	4821.00	0.176 times
09 Tue Jan 2024	4818.30	4874.90	4969.85	4787.10	0.292 times
08 Mon Jan 2024	4825.40	4850.00	4875.00	4770.90	0.198 times
05 Fri Jan 2024	4772.50	4830.00	4921.00	4662.05	0.53 times
04 Thu Jan 2024	4824.30	4929.65	4950.00	4801.00	0.272 times
03 Wed Jan 2024	4877.60	4970.00	5010.00	4843.60	0.331 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 4251.6 as stoploss in an intra day buy trade for a target of 4614.39. However, stock will show a bearish move below 4251.6.

Share price targets for Bharat Bijlee (BBL)

Target Type	Value
Downside Target	3425.00
Downside Target	3535.10
Downside Target	3788.55
Downside Target	3874.00
Downside Target	3980.00
Downside Target	4090.00
Downside Target	4376.00
Upside Target	4586.00
Upside Target	4775.00
Upside Target	4900.00
Upside Target	5010.00
Upside Target	5419.95

Intraday share price targets for Bharat Bijlee (BBL)

Target Type	Value
Downside Intraday Target	4255.83
Downside Intraday Target	4116.42
Upside Intraday Target	4654.83
Upside Intraday Target	4914.42
Upside Intraday Target	4515.42

Weekly technical analysis of Bharat Bijlee (BBL)

Date	Weekly Closing Price	Open	High	Low	Volume
16 Tue Jan 2024	4395.25	4750.00	4775.00	4376.00	0.297 times
12 Fri Jan 2024	4652.25	4850.00	5419.95	4586.00	3.78 times
05 Fri Jan 2024	4772.50	4839.95	5010.00	4662.05	0.275 times
29 Fri Dec 2023	4832.75	4110.00	4900.00	4091.70	3.897 times
22 Fri Dec 2023	4071.50	3936.55	4090.00	3792.55	2.235 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 Bharat Bijlee (BBL)

Date	Monthly Closing Price	Open	High	Low	Volume
16 Tue Jan 2024	4395.25	4839.95	5419.95	4376.00	0.925 times
29 Fri Dec 2023	4832.75	3811.60	4900.00	3788.55	2.081 times
30 Thu Nov 2023	3792.60	3749.00	3874.00	3571.00	1.264 times
31 Tue Oct 2023	3748.25	3648.00	3980.00	3425.00	0.78 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 Bharat Bijlee (BBL)

Price action analysis of Bharat Bijlee ( (BBL) ) based on a short term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

Price action analysis of Bharat Bijlee ( (BBL) ) based on a short to mid 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 Bharat Bijlee ( (BBL) ) 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 Bharat Bijlee stock for short term is BUY. Signal strength is Strong and stock is losing momentum.

MACD generated a SELL signal for Bharat Bijlee in short term but the sell signal is initial and weak.

Bharat Bijlee 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 Bharat Bijlee in short term and SELL 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 Bharat Bijlee is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 4649.72 and Bharat Bijlee (BBL) 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 Bharat Bijlee (BBL) stock. Volume based technical analysis of Bharat Bijlee (BBL) stock is negative.

Bharat Bijlee Stock has given negative 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.