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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 2024-06-03 View latest technical analysis

10 day averaged volume of Birla Cable is 64115

Date	Daily Closing Price	Open	High	Low	Volume
03 Mon Jun 2024	231.70	238.00	238.00	230.00	1.647 times
31 Fri May 2024	231.90	236.70	239.00	229.30	1.091 times
30 Thu May 2024	235.30	236.75	241.50	234.15	0.451 times
29 Wed May 2024	237.15	237.70	239.50	234.55	0.784 times
28 Tue May 2024	237.75	241.20	243.20	237.00	0.605 times
27 Mon May 2024	240.60	243.00	248.00	240.00	1.771 times
24 Fri May 2024	241.95	237.25	247.00	237.25	1.822 times
23 Thu May 2024	238.75	240.30	241.25	237.85	0.562 times
22 Wed May 2024	239.30	238.50	242.00	237.05	0.941 times
21 Tue May 2024	237.15	240.00	241.40	236.30	1.142 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 234.3, but if it comes above 234.3, then a intra day buy could be more profitable.
If you take a sell trade below 234.3, then use 234.3 as stoploss and 226.2 as target. However if you take a buy trade in stock , then use 234.3 as stoploss and 241.09 as target.

Share price targets for Birla Cable (BIRLACABLE)

Target Type	Value
Downside Target	215.05
Downside Target	229.05
Upside Target	245.00
Upside Target	248.00
Upside Target	271.75
Upside Target	274.40
Upside Target	275.25
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	228.47
Downside Intraday Target	225.23
Upside Intraday Target	236.47
Upside Intraday Target	241.23
Upside Intraday Target	233.23

Weekly technical analysis of Birla Cable (BIRLACABLE)

Date	Weekly Closing Price	Open	High	Low	Volume
03 Mon Jun 2024	231.70	238.00	238.00	230.00	0.35 times
31 Fri May 2024	231.90	243.00	248.00	229.30	1.053 times
24 Fri May 2024	241.95	240.00	247.00	236.30	0.458 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

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
03 Mon Jun 2024	231.70	238.00	238.00	230.00	0.06 times
31 Fri May 2024	231.90	272.85	275.25	229.30	0.431 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

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 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 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 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 getting stronger in this stock.

Ichimoku cloud is of red color and prices are below the red 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 and the buying is gaining 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 237.39 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.