500060 NEWS why is Birlacable price falling or rising

500060 NEWS reasons for why stock price of Birlacable is falling or rising

500060 Birlacable is falling or rising technical reasons

Technical analysis forecast for Birlacable Stock is that its in a downtrend for shortterm, and I will avoid taking a BUY or a LONG trade in this stock. Look for opportunities to sell or SHORT Birlacable 500060 at this time. Stock is falling and might fall more.

It appears as if Birlacable 500060 gave a large move recently.

Stock of Birlacable (500060) is trading below an important moving average line, and it has been below this line for quite some time now. This is not a good sign, stock might keep falling and stock might move lower...

My analysis of Birlacable is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 223 as stoploss in an intra day buy trade for a target of 249.85. However, stock will show a bearish move below 223.

500060 Birlacable is falling or rising NEWS fundamental reasons

More announcements and NEWS

500060 Birlacable current price & indicator signals

Moving Averages for Birlacable

  • 5Day Average: 231.06
  • 12Day Average: 233.6
  • 20Day Average: 253.99
  • 50Day Average: 277.11
  • 100Day Average: 277.19
  • 150Day Average: 294.14
  • 200Day Average: 267.67

500060 Indicators & signals

Indicator MACD (12,26,9)

239.32, 255.76, -15.07
Indicator MACD is in negative zone

Indicator ADX (14)

35.94, 13.77, 29.21
Indicator ADX is indicating that momentum is weak.
Momentum is towards selling.

Indicator RSI (14)

Current RSI is: 55
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of 500060 Birlacable are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
27 Wed Mar 2024 227.00 224.90 to 238.45 -2.72% 0.63 times
26 Tue Mar 2024 233.35 231.30 to 240.00 -1.99% 0.96 times
22 Fri Mar 2024 238.10 233.35 to 243.45 3.68% 0.41 times
21 Thu Mar 2024 229.65 228.90 to 236.35 1.08% 0.54 times
20 Wed Mar 2024 227.20 225.40 to 234.80 -0.39% 1.66 times
19 Tue Mar 2024 228.10 225.00 to 238.95 -1.36% 1.47 times
18 Mon Mar 2024 231.25 228.75 to 238.75 -1.49% 1.75 times
15 Fri Mar 2024 234.75 222.90 to 239.90 0.77% 0.56 times
14 Thu Mar 2024 232.95 216.15 to 237.55 6.01% 1.82 times
13 Wed Mar 2024 219.75 216.00 to 249.10 -9.49% 0.6 times
12 Tue Mar 2024 242.80 240.35 to 263.00 -5.98% 0.23 times
11 Mon Mar 2024 258.25 257.00 to 268.25 -4.14% 0.32 times

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