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Stock analysis Bhagiradha Chem & Inds L BHAGCHEM

More indepth analysis on MunafaSutra.com

Moving Averages for Bhagiradha Chem & Inds L

  • 5Day Average: 177.72
  • 12Day Average: 178.86
  • 20Day Average: 878.93
  • 50Day Average: 1355.88
  • 100Day Average: 1458.34
  • 150Day Average: 1490.8
  • 200Day Average: 1430.13

BHAGCHEM Indicators & signals

Indicator MACD (12,26,9)

407.41, 823.52, -367.64
Indicator MACD is in negative zone

Indicator ADX (14)

71.03, 10.92, 64.49
Indicator ADX is indicating that momentum is still strong.
Momentum is towards selling.

Indicator RSI (14)

Current RSI is: 22
Indicator RSI is indicating selling pressure and stock might fall.

Recent prices of BHAGCHEM Bhagiradha Chem & Inds L are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
17 Fri May 2024 176.85 175.00 to 179.20 1.58% 0.31 times
16 Thu May 2024 174.10 171.90 to 178.05 -0.85% 3.07 times
15 Wed May 2024 175.60 169.80 to 186.45 -4.64% 2.83 times
14 Tue May 2024 184.15 176.50 to 184.90 3.51% 0.38 times
13 Mon May 2024 177.90 171.00 to 183.70 3.67% 0.55 times
10 Fri May 2024 171.60 168.70 to 175.80 -0.46% 0.54 times
09 Thu May 2024 172.40 170.25 to 177.50 -1.26% 0.37 times
08 Wed May 2024 174.60 172.05 to 179.35 1.93% 0.37 times
07 Tue May 2024 171.30 168.20 to 181.85 -5.9% 0.54 times
06 Mon May 2024 182.05 181.00 to 189.55 -4.69% 0.49 times
03 Fri May 2024 191.00 185.25 to 194.40 -1.93% 0.86 times
02 Thu May 2024 194.75 193.00 to 204.40 -90.06% 1.72 times

Technical analysis forecast for Bhagiradha Chem & Inds L 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 Bhagiradha Chem & Inds L BHAGCHEM at this time. Stock is falling and might fall more.

It appears as if Bhagiradha Chem & Inds L BHAGCHEM gave a large move recently.

Stock of Bhagiradha Chem & Inds L (BHAGCHEM) 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 Bhagiradha Chem & Inds L is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use -181.6 as stoploss in an intra day buy trade for a target of 675.93. However, stock will show a bearish move below -181.6.

More indepth analysis on MunafaSutra.com