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(BRFL_BZ) Bombay Rayon complete technical analysis [charts+indicators] | Buy/Sell Bombay Rayon | (BRFL_BZ) share price targets

Complete technical analysis of Bombay Rayon (BRFL_BZ) by charts plus indicators, forecast predictions and share price targets for Bombay Rayon (BRFL_BZ)

10 day averaged volume of Bombay Rayon is 120705

Date	Daily Closing Price	Open	High	Low	Volume
12 Mon Dec 2022	2.00	1.90	2.00	1.90	5.379 times
05 Mon Dec 2022	1.95	1.85	1.95	1.85	5.539 times
28 Mon Nov 2022	1.90	1.90	1.90	1.90	0.571 times
21 Mon Nov 2022	2.00	2.00	2.00	2.00	0.674 times
14 Mon Nov 2022	2.10	2.10	2.10	2.10	0.591 times
07 Mon Nov 2022	2.20	2.20	2.20	2.20	0.486 times
31 Mon Oct 2022	2.30	2.30	2.30	2.30	0.333 times
24 Mon Oct 2022	2.40	2.40	2.40	2.40	0.145 times
17 Mon Oct 2022	2.50	2.50	2.50	2.50	0.707 times
10 Mon Oct 2022	2.60	2.60	2.60	2.60	0.502 times

Stock of Bombay Rayon (BRFL_BZ) has showed a significant upmove. This could be a good time to enter in this stock!

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 2.1, but if it comes above 2.1, then a intra day buy could be more profitable.
If you take a sell trade below 2.1, then use 2.1 as stoploss and 1.3 as target. However if you take a buy trade in stock , then use 2.1 as stoploss and 2.74 as target.

Share price targets for Bombay Rayon (BRFL_BZ)

Target Type	Value
Downside Target	1.85
Downside Target	1.90
Downside Target	1.95
Downside Target	2.00
Upside Target	2.10
Upside Target	2.20
Upside Target	2.30
Upside Target	2.70
Upside Target	2.80
Upside Target	3.20
Upside Target	3.35
Upside Target	3.95

Intraday share price targets for Bombay Rayon (BRFL_BZ)

Target Type	Value
Downside Intraday Target	1.93
Downside Intraday Target	1.87
Upside Intraday Target	2.03
Upside Intraday Target	2.07
Downside Intraday Target	1.97

Weekly technical analysis of Bombay Rayon (BRFL_BZ)

Date	Weekly Closing Price	Open	High	Low	Volume
12 Mon Dec 2022	2.00	1.90	2.00	1.90	0.971 times
05 Mon Dec 2022	1.95	1.85	1.95	1.85	9.699 times
28 Mon Nov 2022	1.90	1.90	1.90	1.90	0.847 times
21 Mon Nov 2022	2.00	2.00	2.00	2.00	1.14 times
14 Mon Nov 2022	2.10	2.10	2.10	2.10	1.216 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 Bombay Rayon (BRFL_BZ)

Date	Monthly Closing Price	Open	High	Low	Volume
12 Mon Dec 2022	2.00	1.85	2.00	1.85	4.7 times
28 Mon Nov 2022	1.90	2.20	2.20	1.90	1.087 times
31 Mon Oct 2022	2.30	2.70	2.70	2.30	0.711 times
26 Mon Sep 2022	2.80	3.20	3.20	2.80	1.629 times

Scroll below to view daily charts

Price has moved up this month, and volume has increased substantially. This means that the move can continue in coming months.

Indicators analysis of Bombay Rayon (BRFL_BZ)

Price action analysis of Bombay Rayon ( (BRFL_BZ) ) based on a short term time period is neutral. A longer time frame might give a better analysis.

Price action analysis of Bombay Rayon ( (BRFL_BZ) ) based on a short to mid term time period is neutral. A longer time frame might give a better analysis.

Price action analysis of Bombay Rayon ( (BRFL_BZ) ) 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 Bombay Rayon stock for short term is SELL. Signal strength is Strong and stock is losing momentum.

MACD generated a BUY signal for Bombay Rayon in short term but the buy signal is initial and weak.

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

Bombay Rayon 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 Bombay Rayon 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 positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying might be slowing down

Stock of Bombay Rayon is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 2.04 and Bombay Rayon (BRFL_BZ) 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 Bombay Rayon (BRFL_BZ) stock. Volume based technical analysis of Bombay Rayon (BRFL_BZ) stock is negative.

Bombay Rayon 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.