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Stock analysis Maithan Alloys Limited MAITHANALL

More indepth analysis on MunafaSutra.com

Moving Averages for Maithan Alloys Limited

  • 5Day Average: 1263.27
  • 12Day Average: 1249.01
  • 20Day Average: 1227.88
  • 50Day Average: 1122.68
  • 100Day Average: 1121.76
  • 150Day Average: 1109.16
  • 200Day Average: 1097.43

MAITHANALL Indicators & signals

Indicator MACD (12,26,9)

1245.86, 1205.54, 39.5
Indicator MACD is in positive zone

Indicator ADX (14)

37, 30.58, 14.06
Indicator ADX is indicating that momentum is weak.
Indicator ADX is showing that momentum is towards buying

Indicator RSI (14)

Current RSI is: 58
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of MAITHANALL Maithan Alloys Limited are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
17 Fri May 2024 1315.45 1265.30 to 1320.00 3.87% 2.06 times
16 Thu May 2024 1266.40 1239.95 to 1274.90 0.43% 0.63 times
15 Wed May 2024 1260.95 1255.00 to 1280.00 0.33% 0.39 times
14 Tue May 2024 1256.75 1220.05 to 1274.15 3.28% 0.64 times
13 Mon May 2024 1216.80 1159.55 to 1282.00 1.37% 1.19 times
10 Fri May 2024 1200.30 1163.15 to 1210.35 2.95% 1 times
09 Thu May 2024 1165.85 1155.00 to 1252.65 -6.08% 1.02 times
08 Wed May 2024 1241.30 1229.95 to 1252.60 -0.29% 0.51 times
07 Tue May 2024 1244.90 1237.05 to 1270.20 -1.32% 0.92 times
06 Mon May 2024 1261.55 1241.35 to 1344.00 -0.95% 2.16 times
03 Fri May 2024 1273.70 1266.00 to 1321.95 -0.81% 1.53 times
02 Thu May 2024 1284.15 1257.00 to 1359.00 2.32% 6.39 times

Technical analysis forecast of Maithan Alloys Limited 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 Maithan Alloys Limited MAITHANALL at this time. Stock is rising and might rise more.

It appears as if Maithan Alloys Limited MAITHANALL gave a large move recently.

Stock of Maithan Alloys Limited (MAITHANALL) is trading above an important moving average line, and it has been above this line for quite some time now. This is a good sign, and the stock might keep rising and move higher!

Although my analysis for Maithan Alloys Limited 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 1328.5, for a target of 1270.4 or 1221.97

More indepth analysis on MunafaSutra.com