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AI Analysis of BRNL.BO
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Red day on Friday for Bharat Road Network Limited
(Updated on Jun 14, 2024)

Sell candidate since May 27, 2024 Loss -11.95% PDF

The Bharat Road Network Limited stock price fell by -1.98% on the last day (Friday, 14th Jun 2024) from ₹52.91 to ₹51.86. During the last trading day the stock fluctuated 2.02% from a day low at ₹51.86 to a day high of ₹52.91. The price has fallen in 7 of the last 10 days and is down by -4.84% for this period. Volume has increased on the last day by 8 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 20 thousand shares were bought and sold for approximately ₹1.05 million.

The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -11.34% during the next 3 months and, with a 90% probability hold a price between ₹41.99 and ₹56.04 at the end of this 3-month period.

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BRNL.BO Signals & Forecast

There are few to no technical positive signals at the moment. The Bharat Road Network Limited stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at ₹52.55 and ₹55.80. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, May 21, 2024, and so far it has fallen -18.77%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Bharat Road Network Limited gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs".

Support, Risk & Stop-loss for Bharat Road Network Limited stock

Bharat Road Network Limited finds support from accumulated volume at ₹51.74 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved ₹1.05 between high and low, or 2.02%. For the last week, the stock has had daily average volatility of 1.12%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (BRNL.BO) For The Upcoming Trading Day Of Tuesday 18th

For the upcoming trading day on Tuesday, 18th we expect Bharat Road Network Limited to open at ₹52.21, and during the day (based on 14 day Average True Range), to move between ₹50.45 and ₹53.27, which gives a possible trading interval of +/-₹1.41 (+/-2.73%) up or down from last closing price. If Bharat Road Network Limited takes out the full calculated possible swing range there will be an estimated 5.45% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at ₹51.74 (0.23%) than the resistance at ₹55.29 (6.61%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Bharat Road Network Limited stock A Buy?

Bharat Road Network Limited holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.

Current score: -4.162 Sell Candidate Unchanged

Predicted Opening Price for Bharat Road Network Limited of Tuesday, June 18, 2024

Fair opening price June 18, 2024 Current price
₹52.21 ( 0.675%) ₹51.86

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for BRNL.BO

Fibonacci Support & Resistance Levels

Level Price
R3 53.26 2.70%
R2 52.86 1.93%
R1 52.61 1.45%
Price 51.86
S1 51.81 -0.0985%
S2 51.56 -0.576%
S3 51.16 -1.35%

Accumulated Volume Support & Resistance Levels

Level Price
R3 63.75 22.93%
R2 60.35 16.37%
R1 55.29 6.61%
Price 51.86
S1 51.74 -0.231%
S2 50.71 -2.22%
S3 0 -

BRNL Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Dec 05, 2019 Dec 05, 2019 Jan 12, 2020 ₹0.500 0.740%

FAQ

What is the symbol for Bharat Road Network Limited Stock and on which exchange is it traded?
The symbol for Bharat Road Network Limited is BRNL.BO and it is traded on the XBOM (Bombay Stock Exchange).

Should I buy or sell Bharat Road Network Limited Stock?
Bharat Road Network Limited holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.

How to buy Bharat Road Network Limited Stock?
Bharat Road Network Limited Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Bharat Road Network Limited Stock.

What's the current price of Bharat Road Network Limited Stock?
As of the end of day on the Jun 14, 2024, the price of an Bharat Road Network Limited (BRNL.BO) share was ₹51.86.

What is the 52-week high and low for Bharat Road Network Limited Stock?
The 52-week high for Bharat Road Network Limited Stock is ₹97.50 and the 52-week low is ₹26.00.

What is the market capitalization of Bharat Road Network Limited Stock?
As of the Jun 14, 2024, the market capitalization of Bharat Road Network Limited is 4.354B.

When is the next earnings date for Bharat Road Network Limited?
The upcoming earnings date for Bharat Road Network Limited is Aug 10, 2024.
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