BRIGHT_SZ NEWS why is Bright Solar Limited price falling or rising

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

BRIGHT_SZ 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_SZ at this time. Stock is falling and might fall more.

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

Stock of Bright Solar (BRIGHT_SZ) 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 Bright Solar is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if Bright Solar stays below 5, but if it comes above 5, then a intra day buy could be more profitable.
If you take a sell trade below 5, then use 5 as stoploss and 3.3 as target. However if you take a buy trade in Bright Solar, then use 5 as stoploss and 6.47 as target.

BRIGHT_SZ Bright Solar is falling or rising NEWS fundamental reasons

More announcements and NEWS

BRIGHT_SZ Bright Solar Limited current price & indicator signals

Moving Averages for Bright Solar Limited

  • 5Day Average: 5.15
  • 12Day Average: 6.19
  • 20Day Average: 7.14

BRIGHT_SZ Indicators & signals

Indicator MACD (12,26,9)

5.97, 6.64, -0.33
Indicator MACD is in negative zone

Indicator ADX (14)

50, 21.21, 63.64
Indicator ADX is indicating that momentum is weak.
Momentum is towards selling.

Indicator RSI (14)

Current RSI is: 44
Indicator RSI is indicating buying momentum and stock might rise.

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

Date Close Range Change % Volume
18 Mon Nov 2024 4.65 4.65 to 4.65 -5.1% 1.77 times
11 Mon Nov 2024 4.90 4.90 to 4.90 -4.85% 1.13 times
04 Mon Nov 2024 5.15 5.15 to 5.15 -4.63% 1.7 times
28 Mon Oct 2024 5.40 5.40 to 5.40 -4.42% 0.35 times
21 Mon Oct 2024 5.65 5.65 to 5.65 -5.04% 0.99 times
14 Mon Oct 2024 5.95 5.95 to 5.95 -4.8% 2.41 times
07 Mon Oct 2024 6.25 6.25 to 6.25 -4.58% 0.64 times
30 Mon Sep 2024 6.55 6.55 to 6.55 -5.07% 0.43 times
23 Mon Sep 2024 6.90 6.90 to 6.90 -4.83% 1.13 times
16 Mon Sep 2024 7.25 7.25 to 7.25 -4.61% 0.57 times
09 Mon Sep 2024 7.60 7.60 to 7.60 -5% 0.64 times
02 Mon Sep 2024 8.00 8.00 to 8.00 -4.76% 0.78 times

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BRIGHT_SZ NEWS why is Bright Solar Limited price falling or rising

 

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