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Stock analysis Tega Industries Limited TEGA

More indepth analysis on MunafaSutra.com

Moving Averages for Tega Industries Limited

  • 5Day Average: 1534.18
  • 12Day Average: 1532.68
  • 20Day Average: 1514.96
  • 50Day Average: 1358.43
  • 100Day Average: 1266.96
  • 150Day Average: 1170.16
  • 200Day Average: 1118.17

TEGA Indicators & signals

Indicator MACD (12,26,9)

1523.02, 1474.83, 55.83
Indicator MACD is in positive zone

Indicator ADX (14)

40.52, 22.53, 9.54
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 TEGA Tega Industries Limited are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
17 Fri May 2024 1541.35 1527.20 to 1566.00 1.14% 0.23 times
16 Thu May 2024 1524.05 1512.00 to 1566.60 -2.03% 0.44 times
15 Wed May 2024 1555.70 1535.30 to 1589.00 1.53% 0.93 times
14 Tue May 2024 1532.20 1515.60 to 1568.95 0.96% 0.33 times
13 Mon May 2024 1517.60 1504.50 to 1553.95 -1.36% 0.64 times
10 Fri May 2024 1538.60 1521.00 to 1582.25 0.8% 1.17 times
09 Thu May 2024 1526.45 1517.45 to 1606.95 -2.52% 1.22 times
08 Wed May 2024 1565.90 1452.30 to 1596.00 7.78% 3.05 times
07 Tue May 2024 1452.85 1440.00 to 1538.00 -3.94% 0.39 times
06 Mon May 2024 1512.50 1500.05 to 1653.50 -1.65% 1.46 times
03 Fri May 2024 1537.80 1530.00 to 1609.90 -3.11% 0.38 times
02 Thu May 2024 1587.15 1495.00 to 1610.00 5.95% 0.96 times

Technical analysis forecast of Tega Industries 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 Tega Industries Limited TEGA at this time. Stock is rising and might rise more.

It appears as if Tega Industries Limited TEGA gave a large move recently.

Stock of Tega Industries Limited (TEGA) 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 Tega Industries Limited is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if Tega Industries Limited stays above 1534, but if it comes below 1534, then a intra day sell could be more profitable.
If you take a sell trade below 1534, then use 1534 as stoploss and 1496.82 as target. However if you take a buy trade in Tega Industries Limited, then use 1534 as stoploss and 1578.6 as target.

More indepth analysis on MunafaSutra.com