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Stock analysis Mangalam Cement Limited MANGLMCEM

More indepth analysis on MunafaSutra.com

Moving Averages for Mangalam Cement Limited

  • 5Day Average: 868.47
  • 12Day Average: 881.4
  • 20Day Average: 874.44
  • 50Day Average: 791.11
  • 100Day Average: 740.08
  • 150Day Average: 641.29
  • 200Day Average: 567.83

MANGLMCEM Indicators & signals

Indicator MACD (12,26,9)

871.01, 849, 30.11
Indicator MACD is in positive zone

Indicator ADX (14)

7.01, 17.73, 15.41
Indicator ADX is indicating that momentum is weak.
Indicator ADX is showing that momentum is towards buying

Indicator RSI (14)

Current RSI is: 55
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of MANGLMCEM Mangalam Cement Limited are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
16 Thu May 2024 868.80 857.50 to 877.00 1.08% 0.19 times
15 Wed May 2024 859.50 853.75 to 891.25 -2.13% 0.22 times
14 Tue May 2024 878.25 864.00 to 886.95 1.71% 0.19 times
13 Mon May 2024 863.45 838.00 to 878.40 -1.02% 0.41 times
10 Fri May 2024 872.35 851.10 to 875.60 1.75% 0.33 times
09 Thu May 2024 857.35 851.95 to 903.80 -4.14% 0.34 times
08 Wed May 2024 894.35 866.35 to 907.45 1.19% 0.87 times
07 Tue May 2024 883.80 870.05 to 905.00 -3.02% 1.4 times
06 Mon May 2024 911.35 895.00 to 929.30 -0.87% 0.83 times
03 Fri May 2024 919.35 886.55 to 925.00 -0.84% 1.95 times
02 Thu May 2024 927.15 822.00 to 931.00 10.24% 3.46 times
30 Tue Apr 2024 841.05 836.05 to 864.50 -0.66% 0.35 times

Technical analysis forecast of Mangalam Cement 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 Mangalam Cement Limited MANGLMCEM at this time. Stock is rising and might rise more.

It appears as if Mangalam Cement Limited MANGLMCEM gave a large move recently.

Stock of Mangalam Cement Limited (MANGLMCEM) 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!

My analysis of Mangalam Cement Limited is bullish for shortterm, and stock might move up till 883.7 or till 912. Use a stoploss of 860.09 and if this stock hits its stoploss, then it can fall down till 836.49

More indepth analysis on MunafaSutra.com