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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 2024-05-22 View latest technical analysis

10 day averaged volume of Birla Cable is 91406

Date	Daily Closing Price	Open	High	Low	Volume
22 Wed May 2024	239.30	238.50	242.00	237.05	0.66 times
21 Tue May 2024	237.15	240.00	241.40	236.30	0.801 times
18 Sat May 2024	240.45	240.30	242.40	234.95	0.583 times
17 Fri May 2024	239.10	240.00	243.85	234.35	0.921 times
16 Thu May 2024	239.15	240.80	246.50	236.85	0.671 times
15 Wed May 2024	239.75	241.95	247.40	238.10	1.022 times
14 Tue May 2024	240.55	241.00	247.65	238.10	1.268 times
13 Mon May 2024	237.80	246.90	248.00	233.70	2.379 times
10 Fri May 2024	253.90	249.00	262.90	245.00	1.272 times
09 Thu May 2024	248.30	257.20	258.60	246.00	0.55 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 240.1, but if it comes above 240.1, then a intra day buy could be more profitable.
If you take a sell trade below 240.1, then use 240.1 as stoploss and 222.2 as target. However if you take a buy trade in stock , then use 240.1 as stoploss and 255 as target.

Share price targets for Birla Cable (BIRLACABLE)

Target Type	Value
Downside Target	215.05
Downside Target	229.05
Downside Target	233.70
Upside Target	242.00
Upside Target	258.10
Upside Target	275.25
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	236.4
Downside Intraday Target	233.5
Upside Intraday Target	242.1
Upside Intraday Target	244.9
Downside Intraday Target	239.2

Weekly technical analysis of Birla Cable (BIRLACABLE)

Date	Weekly Closing Price	Open	High	Low	Volume
22 Wed May 2024	239.30	240.00	242.00	236.30	0.213 times
18 Sat May 2024	240.45	246.90	248.00	233.70	1.588 times
10 Fri May 2024	253.90	274.40	274.40	245.00	1.242 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

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
22 Wed May 2024	239.30	272.85	275.25	233.70	0.32 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 positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

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 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 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 losing momentum.

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

Birla Cable 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 Birla Cable 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 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 241.34 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 negative.

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.