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Stock analysis Go Fashion India Ltd GOCOLORS

More indepth analysis on MunafaSutra.com

Moving Averages for Go Fashion India Ltd

  • 5Day Average: 973.75
  • 12Day Average: 1000.68
  • 20Day Average: 1052.97
  • 50Day Average: 1096.03
  • 100Day Average: 1135.29
  • 150Day Average: 1182.66
  • 200Day Average: 1208.8

GOCOLORS Indicators & signals

Indicator MACD (12,26,9)

1008.34, 1051.33, -37.87
Indicator MACD is in negative zone

Indicator ADX (14)

34.51, 13.32, 27.36
Indicator ADX is indicating that momentum is weak.
Momentum is towards selling.

Indicator RSI (14)

Current RSI is: 48
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of GOCOLORS Go Fashion India Ltd are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
16 Thu May 2024 1010.45 996.10 to 1025.00 2.04% 0.22 times
15 Wed May 2024 990.25 957.75 to 1004.65 3.67% 2.36 times
14 Tue May 2024 955.20 941.00 to 977.70 -0.26% 0.55 times
13 Mon May 2024 957.65 938.00 to 975.20 0.26% 0.15 times
10 Fri May 2024 955.20 948.00 to 1001.00 -3.71% 0.8 times
09 Thu May 2024 992.05 970.30 to 999.00 2.34% 0.87 times
08 Wed May 2024 969.40 963.00 to 1005.00 -0.49% 1.01 times
07 Tue May 2024 974.20 969.35 to 1002.95 -2.58% 0.45 times
06 Mon May 2024 1000.00 995.15 to 1055.00 -4.15% 1.38 times
03 Fri May 2024 1043.35 933.30 to 1069.00 -1.41% 1.7 times
02 Thu May 2024 1058.25 1056.25 to 1102.90 -3.99% 0.72 times
30 Tue Apr 2024 1102.20 1097.70 to 1135.00 -2.17% 0.13 times

Technical analysis forecast for Go Fashion India Ltd 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 Go Fashion India Ltd GOCOLORS at this time. Stock is falling and might fall more.

It appears as if Go Fashion India Ltd GOCOLORS gave a large move recently.

Stock of Go Fashion India Ltd (GOCOLORS) 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 Go Fashion India Ltd is bearish for shortterm, and stock might move down till 962.8 or till 874.7. Use a stoploss of 1036.24 and if the stock hits stoploss, then it can shoot up till 1109.69

More indepth analysis on MunafaSutra.com