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(BomBurmah) Bom Burmah complete technical analysis [charts+indicators] | Buy/Sell Bom Burmah | (BomBurmah) share price targets

Complete technical analysis of Bom Burmah (BomBurmah) by charts plus indicators, forecast predictions and share price targets for Bom Burmah (BomBurmah)

Showing technical analysis as on 2023-03-16 View latest technical analysis

10 day averaged volume of Bom Burmah is 2542

Date	Daily Closing Price	Open	High	Low	Volume
16 Thu Mar 2023	865.60	860.85	866.20	854.55	1.121 times
15 Wed Mar 2023	862.95	851.45	876.55	851.45	0.872 times
14 Tue Mar 2023	868.05	874.95	879.50	866.30	0.534 times
13 Mon Mar 2023	876.15	868.00	877.55	865.00	0.732 times
10 Fri Mar 2023	874.75	886.75	888.30	867.50	0.969 times
09 Thu Mar 2023	890.95	885.40	893.00	883.95	0.286 times
08 Wed Mar 2023	881.80	882.50	887.40	877.35	1.109 times
06 Mon Mar 2023	880.40	881.75	887.10	878.80	0.685 times
03 Fri Mar 2023	883.90	883.20	888.70	881.00	0.633 times
02 Thu Mar 2023	878.90	879.85	886.35	866.85	2.261 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 870.2, but if it comes above 870.2, then a intra day buy could be more profitable.
If you take a sell trade below 870.2, then use 870.2 as stoploss and 855.4 as target. However if you take a buy trade in stock , then use 870.2 as stoploss and 882.58 as target.

Share price targets for Bom Burmah (BomBurmah)

Target Type	Value
Downside Target	847.50
Upside Target	900.00
Upside Target	905.15
Upside Target	911.75
Upside Target	940.45
Upside Target	959.95
Upside Target	974.65
Upside Target	984.60
Upside Target	1047.50

Intraday share price targets for Bom Burmah (BomBurmah)

Target Type	Value
Downside Intraday Target	851.53
Downside Intraday Target	837.47
Upside Intraday Target	879.58
Upside Intraday Target	893.57
Downside Intraday Target	865.52

Weekly technical analysis of Bom Burmah (BomBurmah)

Date	Weekly Closing Price	Open	High	Low	Volume
16 Thu Mar 2023	865.60	868.00	879.50	851.45	1.069 times
10 Fri Mar 2023	874.75	881.75	893.00	867.50	0.309 times
03 Fri Mar 2023	883.90	871.05	905.15	853.70	1.44 times
24 Fri Feb 2023	883.30	908.15	911.75	878.20	0.384 times
17 Fri Feb 2023	905.20	929.55	940.45	900.00	0.73 times

Price has moved down this week, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming weeks.

Monthly technical analysis of Bom Burmah (BomBurmah)

Date	Monthly Closing Price	Open	High	Low	Volume
16 Thu Mar 2023	865.60	905.00	905.15	851.45	0.159 times
28 Tue Feb 2023	885.70	888.60	959.95	847.50	0.093 times
31 Tue Jan 2023	882.75	918.20	974.65	872.25	17.898 times
30 Fri Dec 2022	907.90	974.95	1047.50	881.00	0.999 times

Scroll below to view daily charts

Price has moved down this month, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming months.

Indicators analysis of Bom Burmah (BomBurmah)

Price action analysis of Bom Burmah ( (BomBurmah) ) based on a short term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Price action analysis of Bom Burmah ( (BomBurmah) ) based on a short to mid term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Price action analysis of Bom Burmah ( (BomBurmah) ) based on a mid to longer term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

ADX buy sell signal for Bom Burmah stock for short term is SELL. Signal strength is Strong and stock is gaining momentum.

MACD generated a SELL signal for Bom Burmah in short term and the sell signal is strong.

Bom Burmah Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.

Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be moving up

CCI has generated a SELL signal for Bom Burmah in short term and SELL signal is strong!

RSI is generating a BUY signal in short term but buying is losing momentum.

MRSI is in negative zone. This is the SELL zone

Although the stock is in the SELL zone, but selling might be slowing down

Stock of Bom Burmah is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 875.66 and Bom Burmah (BomBurmah) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down

People seem to be coming out and selling the Bom Burmah (BomBurmah) stock. Volume based technical analysis of Bom Burmah (BomBurmah) stock is negative.

Bom Burmah Stock has given negative returns over a short term period. Returns for a longer term period have been negative.

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.