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(BombayRayon) Bombay Rayon complete technical analysis [charts+indicators] | Buy/Sell Bombay Rayon | (BombayRayon) share price targets

Complete technical analysis of Bombay Rayon (BombayRayon) by charts plus indicators, forecast predictions and share price targets for Bombay Rayon (BombayRayon)

10 day averaged volume of Bombay Rayon is 310016

Date Daily Closing Price Open High Low Volume
11 Fri Jun 2021 8.41 8.99 9.25 8.30 4.41 times
10 Thu Jun 2021 8.24 7.35 8.24 7.00 1.294 times
09 Wed Jun 2021 6.87 7.26 7.45 6.80 1.706 times
08 Tue Jun 2021 7.41 7.86 8.01 7.30 1.585 times
07 Mon Jun 2021 7.62 7.20 7.86 7.15 2.03 times
04 Fri Jun 2021 6.90 6.60 7.00 6.45 1.037 times
03 Thu Jun 2021 6.49 6.76 6.76 6.44 0.395 times
02 Wed Jun 2021 6.60 6.40 6.76 6.31 0.999 times
01 Tue Jun 2021 6.51 6.64 6.76 6.44 0.149 times
31 Mon May 2021 6.65 6.64 6.87 6.50 0.27 times

Stock of Bombay Rayon (BombayRayon) has showed a significant upmove. This could be a good time to enter in this stock!

Although my analysis for stock 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 8.1, for a target of 7.5 or 6.99

Share price targets for Bombay Rayon (BombayRayon)

Target Type Value
Downside Target 6.31
Downside Target 7.00
Downside Target 7.25
Downside Target 7.36
Downside Target 7.40
Downside Target 7.65
Downside Target 7.81
Upside Target 9.25
Upside Target 9.95
Upside Target 12.20

Intraday share price targets for Bombay Rayon (BombayRayon)

Target Type Value
Downside Intraday Target 7.06
Downside Intraday Target 5.7
Upside Intraday Target 9.51
Upside Intraday Target 10.6
Downside Intraday Target 8.15

Weekly technical analysis of Bombay Rayon (BombayRayon)

Date Weekly Closing Price Open High Low Volume
11 Fri Jun 2021 8.41 7.20 9.25 6.80 3.868 times
04 Fri Jun 2021 6.90 6.64 7.00 6.31 1.482 times
28 Fri May 2021 6.67 6.90 7.01 6.61 1.383 times
21 Fri May 2021 6.79 7.06 7.36 6.70 1.93 times
14 Fri May 2021 6.92 7.15 7.25 6.76 2.913 times

Price has moved up this week, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Bombay Rayon (BombayRayon)

Date Monthly Closing Price Open High Low Volume
11 Fri Jun 2021 8.41 6.64 9.25 6.31 2.989 times
31 Mon May 2021 6.65 7.65 7.65 6.50 2.458 times
30 Fri Apr 2021 7.10 7.10 7.40 6.40 0.146 times
31 Wed Mar 2021 6.77 9.00 9.95 6.63 5.293 times

Scroll below to view daily charts

Price has moved up this month, and volume has increased substantially. This means that the move can continue in coming months.

Indicators analysis of Bombay Rayon (BombayRayon)

Indicator Name Indicator Value Indicator Signal
ADX 48, 13, 57 Buy
MACD 0, -0Buy
Stochastics 68None
CCI 171Buy
RSI 66Buy
OBV 1237086Sell
VWAP 8Buy
ADL 0Sell
ROC 26Buy
Force Index 0Sell

Price action analysis of Bombay Rayon ( (BombayRayon) ) based on a short term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of Bombay Rayon ( (BombayRayon) ) based on a short term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of Bombay Rayon ( (BombayRayon) ) based on a short to mid term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of Bombay Rayon ( (BombayRayon) ) based on a mid to longer term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

ADX buy sell signal for Bombay Rayon stock for short term is BUY. Signal strength is Strong and stock is gaining momentum.

MACD generated a BUY signal for Bombay Rayon in short term and the buy signal is strong.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Bombay Rayon Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bulls are getting stronger in this stock.

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

CCI has generated a buy signal for Bombay Rayon in short term and BUY 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

Stock of Bombay Rayon is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 7.62 and Bombay Rayon (BombayRayon) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is rising upwards.

People seem to be coming out and selling the Bombay Rayon (BombayRayon) stock. Volume based technical analysis of Bombay Rayon (BombayRayon) stock is negative.

Bombay Rayon Stock is giving positive returns over a short term period. Returns for a longer term period have been positive

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

Click here for Bombay Rayon charts

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Daily charts

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