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(BIRLACABLE) Birla Cable complete technical analysis [charts+indicators] | Buy/Sell Birla Cable | (BIRLACABLE) share price targets

Complete technical analysis of Birla Cable (BIRLACABLE) by charts plus indicators, forecast predictions and share price targets for Birla Cable (BIRLACABLE)

Birla Cable trades in NSE in Other Elect.Equip. sector.

Showing technical analysis as on 2024-05-07 View latest technical analysis

10 day averaged volume of Birla Cable is 191517

Date	Daily Closing Price	Open	High	Low	Volume
07 Tue May 2024	255.15	265.10	265.10	251.95	0.61 times
06 Mon May 2024	263.80	274.40	274.40	262.05	0.323 times
03 Fri May 2024	268.90	274.00	275.00	267.10	0.361 times
02 Thu May 2024	271.95	272.85	275.25	269.95	0.417 times
30 Tue Apr 2024	270.80	273.10	277.80	270.00	0.351 times
29 Mon Apr 2024	273.10	280.00	281.65	272.45	0.527 times
26 Fri Apr 2024	274.40	273.95	276.60	271.10	0.553 times
25 Thu Apr 2024	270.70	279.70	282.40	266.60	0.937 times
24 Wed Apr 2024	279.70	283.80	289.00	277.05	0.878 times
23 Tue Apr 2024	283.05	276.85	291.00	275.00	2.696 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 256.7, but if it comes above 256.7, then a intra day buy could be more profitable.
If you take a sell trade below 256.7, then use 256.7 as stoploss and 246 as target. However if you take a buy trade in stock , then use 256.7 as stoploss and 265.64 as target.

Share price targets for Birla Cable (BIRLACABLE)

Target Type	Value
Downside Target	215.05
Downside Target	229.05
Downside Target	241.05
Downside Target	251.00
Upside Target	258.10
Upside Target	280.00
Upside Target	281.65
Upside Target	288.85
Upside Target	291.00
Upside Target	300.05
Upside Target	340.00

Intraday share price targets for Birla Cable (BIRLACABLE)

Target Type	Value
Downside Intraday Target	246.6
Downside Intraday Target	238.05
Upside Intraday Target	269.05
Upside Intraday Target	282.95
Upside Intraday Target	260.5

Weekly technical analysis of Birla Cable (BIRLACABLE)

Date	Weekly Closing Price	Open	High	Low	Volume
07 Tue May 2024	255.15	274.40	274.40	251.95	0.564 times
03 Fri May 2024	268.90	280.00	281.65	267.10	0.206 times
26 Fri Apr 2024	274.40	262.00	291.00	258.10	3.02 times
19 Fri Apr 2024	259.20	255.50	267.70	241.05	0.666 times
12 Fri Apr 2024	262.20	258.00	280.00	251.00	0.695 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 Birla Cable (BIRLACABLE)

Date	Monthly Closing Price	Open	High	Low	Volume
07 Tue May 2024	255.15	272.85	275.25	251.95	0.08 times
30 Tue Apr 2024	270.80	229.05	291.00	229.05	1.356 times
28 Thu Mar 2024	225.35	288.45	300.05	215.05	0.308 times
29 Thu Feb 2024	287.35	284.00	340.00	271.75	4.906 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 Birla Cable (BIRLACABLE)

Price action analysis of Birla Cable ( (BIRLACABLE) ) 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 Birla Cable ( (BIRLACABLE) ) 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 Birla Cable ( (BIRLACABLE) ) 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 Birla Cable stock for short term is SELL. Signal strength is Strong and stock is gaining momentum.

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

Birla Cable 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 Birla Cable 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 Birla Cable is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 274.97 and Birla Cable (BIRLACABLE) 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 Birla Cable (BIRLACABLE) stock. Volume based technical analysis of Birla Cable (BIRLACABLE) stock is negative.

Birla Cable 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.