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(BEDMUTHA) Bedmutha Industries complete technical analysis [charts+indicators] | Buy/Sell Bedmutha Industries | (BEDMUTHA) share price targets

Complete technical analysis of Bedmutha Industries (BEDMUTHA) by charts plus indicators, forecast predictions and share price targets for Bedmutha Industries (BEDMUTHA)

Bedmutha Industries trades in NSE in Iron & Steel Products sector.

Showing technical analysis as on 2024-01-22 View latest technical analysis

10 day averaged volume of Bedmutha Industries is 71899

Date	Daily Closing Price	Open	High	Low	Volume
22 Mon Jan 2024	248.30	247.85	248.30	241.95	0.749 times
19 Fri Jan 2024	236.50	234.70	236.50	223.45	1.436 times
18 Thu Jan 2024	225.25	214.55	225.25	212.50	1.033 times
17 Wed Jan 2024	214.55	215.20	221.45	210.00	0.387 times
16 Tue Jan 2024	215.20	226.40	229.85	208.00	2.079 times
15 Mon Jan 2024	218.95	211.30	226.30	211.30	0.644 times
12 Fri Jan 2024	215.55	218.95	220.55	209.00	0.792 times
11 Thu Jan 2024	213.95	226.90	230.95	212.75	1.006 times
10 Wed Jan 2024	222.35	232.00	238.95	219.00	1.011 times
09 Tue Jan 2024	230.20	231.00	232.60	222.20	0.883 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 245.7, but if it comes below 245.7, then a intra day sell could be more profitable.
If you take a sell trade below 245.7, then use 245.7 as stoploss and 195.76 as target. However if you take a buy trade in stock , then use 245.7 as stoploss and 305.5 as target.

Share price targets for Bedmutha Industries (BEDMUTHA)

Target Type	Value
Downside Target	54.05
Downside Target	62.50
Downside Target	66.90
Downside Target	68.40
Downside Target	73.00
Downside Target	75.75
Downside Target	78.95
Downside Target	120.80
Downside Target	173.30
Downside Target	208.00
Downside Target	232.90
Downside Target	238.95
Downside Target	241.95
Downside Target	248.30

Intraday share price targets for Bedmutha Industries (BEDMUTHA)

Target Type	Value
Downside Intraday Target	244.07
Downside Intraday Target	239.83
Upside Intraday Target	250.42
Upside Intraday Target	252.53
Downside Intraday Target	246.18

Weekly technical analysis of Bedmutha Industries (BEDMUTHA)

Date	Weekly Closing Price	Open	High	Low	Volume
22 Mon Jan 2024	248.30	247.85	248.30	241.95	0.134 times
19 Fri Jan 2024	236.50	211.30	236.50	208.00	1.262 times
12 Fri Jan 2024	215.55	234.00	238.95	209.00	0.352 times
05 Fri Jan 2024	227.25	174.90	232.90	173.30	0.215 times
29 Fri Sep 2023	119.75	73.85	120.80	73.00	16.687 times

Price has moved up 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 Bedmutha Industries (BEDMUTHA)

Date	Monthly Closing Price	Open	High	Low	Volume
22 Mon Jan 2024	248.30	174.90	248.30	173.30	0.352 times
29 Fri Sep 2023	119.75	69.60	120.80	68.40	7.665 times
31 Thu Aug 2023	70.20	69.00	75.75	66.90	0.191 times
31 Mon Jul 2023	69.50	56.95	78.95	54.10	11.098 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 Bedmutha Industries (BEDMUTHA)

Price action analysis of Bedmutha Industries ( (BEDMUTHA) ) based on a short 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.

Price action analysis of Bedmutha Industries ( (BEDMUTHA) ) 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 Bedmutha Industries ( (BEDMUTHA) ) based on a short to mid 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.

Price action analysis of Bedmutha Industries ( (BEDMUTHA) ) 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 Bedmutha Industries stock for short term is BUY. Signal strength is Strong and stock is gaining momentum.

MACD generated a BUY signal for Bedmutha Industries in short term and the buy signal is strong.

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

Bedmutha Industries Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting stronger in this stock.

Ichimoku cloud is of green color and prices are above the green cloud Prices appear to be moving up

CCI has generated a buy signal for Bedmutha Industries in short term and BUY signal is strong.

RSI is generating a BUY signal in short term and the buying is gaining momentum.

MRSI is in positive zone. This is a BUY zone

Stock of Bedmutha Industries is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 223.92 and Bedmutha Industries (BEDMUTHA) 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 Bedmutha Industries (BEDMUTHA) stock. Volume based technical analysis of Bedmutha Industries (BEDMUTHA) stock is negative.

Bedmutha Industries 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.