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BRFL_BZ NEWS why is Bombay Rayon Fashions Ltd price falling or rising

BRFL_BZ NEWS reasons for why stock price of Bombay Rayon Fashions Ltd is falling or rising

BRFL_BZ Bombay Rayon is falling or rising technical reasons

Technical analysis forecast for Bombay Rayon 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 Bombay Rayon BRFL_BZ at this time. Stock is falling and might fall more.

It appears as if Bombay Rayon BRFL_BZ gave a large move recently.

Stock of Bombay Rayon (BRFL_BZ) 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 Bombay Rayon is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if Bombay Rayon stays below 2.2, but if it comes above 2.2, then a intra day buy could be more profitable.
If you take a sell trade below 2.2, then use 2.2 as stoploss and 1.4 as target. However if you take a buy trade in Bombay Rayon, then use 2.2 as stoploss and 2.81 as target.

BRFL_BZ Bombay Rayon is falling or rising NEWS fundamental reasons

More announcements and NEWS

BRFL_BZ Bombay Rayon Fashions Ltd current price & indicator signals

Moving Averages for Bombay Rayon Fashions Ltd

  • 5Day Average: 1.99
  • 12Day Average: 2.29
  • 20Day Average: 2.74
  • 50Day Average: 4.58
  • 100Day Average: 5.91
  • 150Day Average: 5.66

BRFL_BZ Indicators & signals

Indicator MACD (12,26,9)

2.36, 3.15, -0.82
Indicator MACD is in negative zone

Indicator ADX (14)

26.32, 41.18, 70.59
Indicator ADX is indicating that momentum is weak.
Momentum is towards selling.

Indicator RSI (14)

Current RSI is: 62
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of BRFL_BZ Bombay Rayon Fashions Ltd are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
12 Mon Dec 2022 2.00 1.90 to 2.00 2.56% 5.38 times
05 Mon Dec 2022 1.95 1.85 to 1.95 2.63% 5.54 times
28 Mon Nov 2022 1.90 1.90 to 1.90 -5% 0.57 times
21 Mon Nov 2022 2.00 2.00 to 2.00 -4.76% 0.67 times
14 Mon Nov 2022 2.10 2.10 to 2.10 -4.55% 0.59 times
07 Mon Nov 2022 2.20 2.20 to 2.20 -4.35% 0.49 times
31 Mon Oct 2022 2.30 2.30 to 2.30 -4.17% 0.33 times
24 Mon Oct 2022 2.40 2.40 to 2.40 -4% 0.14 times
17 Mon Oct 2022 2.50 2.50 to 2.50 -3.85% 0.71 times
10 Mon Oct 2022 2.60 2.60 to 2.60 -3.7% 0.5 times
03 Mon Oct 2022 2.70 2.70 to 2.70 -3.57% 0.45 times
26 Mon Sep 2022 2.80 2.80 to 2.80 -3.45% 0.41 times

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BRFL_BZ NEWS why is Bombay Rayon Fashions Ltd price falling or rising

 

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