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Stock analysis Loyal Textile Mills Ltd LOYALTEX

More indepth analysis on MunafaSutra.com

Moving Averages for Loyal Textile Mills Ltd

  • 5Day Average: 579.63
  • 12Day Average: 580.01
  • 20Day Average: 574.22
  • 50Day Average: 568.95
  • 100Day Average: 612.86
  • 150Day Average: 617.16
  • 200Day Average: 625.51

LOYALTEX Indicators & signals

Indicator MACD (12,26,9)

578.02, 575.95, 0.4
Indicator MACD is in positive zone

Indicator ADX (14)

18.66, 20.07, 13.76
Indicator ADX is indicating that momentum is weak.
Indicator ADX is showing that momentum is towards buying

Indicator RSI (14)

Current RSI is: 49
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of LOYALTEX Loyal Textile Mills Ltd are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
17 Fri May 2024 591.05 583.90 to 602.55 0.54% 1.12 times
16 Thu May 2024 587.90 574.00 to 592.00 2.08% 0.38 times
15 Wed May 2024 575.90 569.95 to 584.50 0.66% 0.48 times
14 Tue May 2024 572.15 562.00 to 586.05 0.18% 0.39 times
13 Mon May 2024 571.15 551.80 to 586.90 2.05% 0.57 times
10 Fri May 2024 559.70 552.00 to 587.20 0.27% 1.16 times
09 Thu May 2024 558.20 550.00 to 594.95 -6.27% 0.75 times
08 Wed May 2024 595.55 568.05 to 619.70 3.96% 1.69 times
07 Tue May 2024 572.85 570.00 to 597.55 -2.46% 1.99 times
06 Mon May 2024 587.30 580.00 to 599.80 -0.35% 1.26 times
03 Fri May 2024 589.35 586.85 to 613.70 -1.61% 1.33 times
02 Thu May 2024 599.00 559.80 to 629.95 5.92% 2.96 times

Technical analysis forecast of Loyal Textile Mills Ltd Stock is that its in a uptrend for shortterm, and I will avoid taking a SHORT or SELL trade in this stock. Look for opportunities to BUY or go LONG in Loyal Textile Mills Ltd LOYALTEX at this time. Stock is rising and might rise more.

It appears as if Loyal Textile Mills Ltd LOYALTEX gave a large move recently.

Stock of Loyal Textile Mills Ltd (LOYALTEX) is trading above an important moving average line, but it crossed this line recently, which means that it could show a small or a large fall soon enough depending on its trend.

My analysis of Loyal Textile Mills Ltd is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if Loyal Textile Mills Ltd stays above 589.1, but if it comes below 589.1, then a intra day sell could be more profitable.
If you take a sell trade below 589.1, then use 589.1 as stoploss and 576.16 as target. However if you take a buy trade in Loyal Textile Mills Ltd, then use 589.1 as stoploss and 604.7 as target.

More indepth analysis on MunafaSutra.com