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Technicals for Balkrishna Industries Limited
By MusingTheNews
2025-06-13 20:25
Overall Technical outlook
Price Summary
On 2025-06-12, BALKRISIND's stock started at 2496.0, reached a high of 2502.4, fell to 2458.6, and ended -1.08% down at 2469.0, with 248066 shares traded. In the last 52 weeks, the stock's top price was 3345.85 and the bottom price was 2273.2. BALKRISIND's future price is expected to lie between 1910.0 and 3195.0, with an average expectation of 2533.5264, as per the recommendations of 19 analysts.
Technicals
Aroon: The AROON is in a neutral stance, with no clear signals for movement up or down. This neutral position indicates a potential period of consolidation or uncertainty in the market. Aroon chart for Balkrishna Industries Limited
Bol. Bands: The current reading of the BOLL BANDS is neutral, offering no clear signals for a movement in either direction. This suggests that the market may be in a holding pattern, with no dominant trend in place. Bolinger Bands chart for Balkrishna Industries Limited
Parabolic SAR: The PSAR remains bullish, setting a strong support level that could underpin further upward movement. This persistent bullish outlook suggests that the market may continue its positive trajectory, with the established support acting as a safety net. Parabolic Stop and Reverse chart for Balkrishna Industries Limited
Stochastic: The STOCHASTIC is currently neutral, showing no clear bias toward a rising or falling trend. This lack of directional clarity suggests that the market may be in a holding pattern, awaiting further developments. Stochastic chart for Balkrishna Industries Limited
Tripple Moving Agerage: A bullish trend for Balkrishna Industries Limited is reflected in the alignment of the 20-50-100 period moving averages, though the slopes of the faster averages raise concerns about a potential reversal. The weakening momentum in the shorter-term averages suggests that the current trend may not last, signaling the possibility of a shift in direction. Tripple SMA chart for Balkrishna Industries Limited
A company's technical data, including stock price and trading volume, can provide valuable insights when considered alongside its fundamentals. These include financial performance, market share, and growth strategy, as well as broader industry dynamics. Examining these factors helps investors or analysts make more informed decisions, as the company's fundamentals offer context for understanding how and why certain technical patterns may emerge in the market.
DISCLAIMER: We provide information and our musings based on events, but nothing on this site can be considered professional advice of any kind.
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