WIRE NEWS why is Encore Wire Corporation price falling or rising

WIRE NEWS reasons for why stock price of Encore Wire Corporation is falling or rising

WIRE Encore Wire is falling or rising technical reasons

Technical analysis forecast of Encore Wire Stock is that its in a uptrend for shortterm, and I will avoid taking a SHORT or SELL trade in this stock. Look for opportunities to BUY or go LONG in Encore Wire WIRE at this time. Stock is rising and might rise more.

It appears as if Encore Wire WIRE gave a large move recently.

Stock of Encore Wire (WIRE) is trading above an important moving average line, and it has been above this line for quite some time now. This is a good sign, and the stock might keep rising and move higher!

Although my analysis for Encore Wire is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 289.3, for a target of 288.8 or 288.44

WIRE Encore Wire is falling or rising NEWS fundamental reasons

Bansal Wire Industries IPO subscribed 59.57 times The offer received bids for 127.85 crore shares as against 2.14 crore shares on offer - NEWS as on 2024-07-05 business-standard.com

Mazgon Dock crosses Rs 1 trn mcap, Bansal Wire booked 5.72 times on day 2 Motilal Oswal Nifty India Defence Index Fund collected Rs 1,676 crore during the new fund offer period - NEWS as on 2024-07-04 business-standard.com

Bansal Wire Industries IPO subscribed 1.76 times The offer received bids for 3.77 crore shares as against 2.14 crore shares on offer. - NEWS as on 2024-07-03 business-standard.com

Ahead of IPO, Bansal Wire Industries garners Rs 223 cr from anchor investors The company has allocated 87.30 lakh shares to 18 funds at Rs 256 apiece, which is also the upper end of the price band. This aggregates the transaction size to Rs 223.5 crore, it added. The maiden public issue is an entirely fresh issue of equity shares w - NEWS as on 2024-07-02 indiatimes.com

Bansal Wire IPO opens Wednesday: Here are 10 things to know about the public offer The IPO of Bansal Wire is scheduled to open for subscription on July 3 and will close on July 5. The company aims to raise approximately Rs 745 crore through this public offering. This IPO consists entirely of a fresh equity sale of 2.91 crore shares, with - NEWS as on 2024-07-01 indiatimes.com

More announcements and NEWS

WIRE Encore Wire Corporation current price & indicator signals

Moving Averages for Encore Wire Corporation

  • 5Day Average: 289.74
  • 12Day Average: 289.48
  • 20Day Average: 289.22
  • 50Day Average: 285.01
  • 100Day Average: 264.4
  • 150Day Average: 247.13
  • 200Day Average: 231.1

WIRE Indicators & signals

Indicator MACD (12,26,9)

289.33, 287.5, 2.24
Indicator MACD is in positive zone

Indicator ADX (14)

30.43, 28.04, 14.95
Indicator ADX is indicating that momentum is weak.
Indicator ADX is showing that momentum is towards buying

Indicator RSI (14)

Current RSI is: 47
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of WIRE Encore Wire Corporation are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
01 Mon Jul 2024 289.84 289.65 to 289.99 0% 2.09 times
28 Fri Jun 2024 289.83 289.75 to 289.94 0.03% 1.85 times
27 Thu Jun 2024 289.75 289.65 to 289.88 0.04% 0.77 times
26 Wed Jun 2024 289.62 289.55 to 289.78 -0.01% 1.08 times
25 Tue Jun 2024 289.64 289.56 to 289.72 0.02% 0.87 times
24 Mon Jun 2024 289.58 289.41 to 289.70 0.06% 0.8 times
21 Fri Jun 2024 289.40 289.21 to 289.60 0.06% 1.87 times
20 Thu Jun 2024 289.23 289.23 to 289.67 -0.02% 0.67 times
18 Tue Jun 2024 289.30 289.20 to 289.40 0% 0.64 times
18 Tue Jun 2024 289.30 289.20 to 289.40 0.03% 0.64 times
17 Mon Jun 2024 289.21 289.04 to 289.35 0.05% 0.81 times
14 Fri Jun 2024 289.07 288.92 to 289.30 0.04% 0.66 times

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