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BRIGHT_SM NEWS why is Bright Solar Limited price falling or rising

BRIGHT_SM NEWS reasons for why stock price of Bright Solar Limited is falling or rising

BRIGHT_SM Bright Solar is falling or rising technical reasons

Technical analysis forecast for Bright Solar 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 Bright Solar BRIGHT_SM at this time. Stock is falling and might fall more.

It appears as if Bright Solar BRIGHT_SM gave a large move recently.

Stock of Bright Solar (BRIGHT_SM) is trading below an important moving average line, but it crossed this line recently, which means that it could show a small or a large recovery soon enough depending on its trend.

My analysis of Bright Solar is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if Bright Solar stays below 8.4, but if it comes above 8.4, then a intra day buy could be more profitable.
If you take a sell trade below 8.4, then use 8.4 as stoploss and 8.2 as target. However if you take a buy trade in Bright Solar, then use 8.4 as stoploss and 8.53 as target.

BRIGHT_SM Bright Solar is falling or rising NEWS fundamental reasons

More announcements and NEWS

BRIGHT_SM Bright Solar Limited current price & indicator signals

Moving Averages for Bright Solar Limited

  • 5Day Average: 8.45
  • 12Day Average: 8.48
  • 20Day Average: 8.56
  • 50Day Average: 8.66
  • 100Day Average: 9.26
  • 150Day Average: 8.07
  • 200Day Average: 7.33

BRIGHT_SM Indicators & signals

Indicator MACD (12,26,9)

8.5, 8.57, -0.07
Indicator MACD is in negative zone

Indicator ADX (14)

17.65, 20, 28.57
Indicator ADX is indicating that momentum is weak.
Momentum is towards selling.

Indicator RSI (14)

Current RSI is: 58
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of BRIGHT_SM Bright Solar Limited are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
28 Fri Jun 2024 8.35 8.25 to 8.50 -0.6% 0.63 times
27 Thu Jun 2024 8.40 8.40 to 8.65 -2.89% 0.81 times
26 Wed Jun 2024 8.65 8.50 to 8.75 1.76% 0.92 times
25 Tue Jun 2024 8.50 8.35 to 8.55 1.8% 0.71 times
24 Mon Jun 2024 8.35 7.80 to 8.75 -1.76% 1.38 times
21 Fri Jun 2024 8.50 8.50 to 8.65 -1.16% 0.62 times
20 Thu Jun 2024 8.60 8.60 to 9.00 -0.58% 1.01 times
19 Wed Jun 2024 8.65 8.50 to 8.70 2.37% 1.03 times
18 Tue Jun 2024 8.45 8.35 to 8.60 0.6% 1.49 times
14 Fri Jun 2024 8.40 8.35 to 8.45 0.6% 0.56 times
13 Thu Jun 2024 8.35 8.30 to 8.70 -2.34% 1.48 times
12 Wed Jun 2024 8.55 8.50 to 8.90 -1.16% 0.83 times

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BRIGHT_SM NEWS why is Bright Solar Limited price falling or rising

 

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