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Stock analysis Odisha Cement Limited DALBHARAT

More indepth analysis on MunafaSutra.com

Moving Averages for Odisha Cement Limited

  • 5Day Average: 1896.19
  • 12Day Average: 1933.21
  • 20Day Average: 1959.41
  • 50Day Average: 1982.24
  • 100Day Average: 2126.17
  • 150Day Average: 2151.44
  • 200Day Average: 2130.1

DALBHARAT Indicators & signals

Indicator MACD (12,26,9)

1917.13, 1948.72, -17.2
Indicator MACD is in negative zone

Indicator ADX (14)

46.84, 11.96, 33.05
Indicator ADX is indicating that momentum is weak.
Momentum is towards selling.

Indicator RSI (14)

Current RSI is: 43
Indicator RSI is indicating buying momentum and stock might rise.

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

Date Close Range Change % Volume
26 Fri Apr 2024 1799.75 1797.00 to 1834.95 -0.37% 1.24 times
25 Thu Apr 2024 1806.45 1767.05 to 1948.20 -7.97% 4.7 times
24 Wed Apr 2024 1962.80 1923.30 to 1988.35 0.58% 0.99 times
23 Tue Apr 2024 1951.45 1932.50 to 1976.35 -0.46% 0.8 times
22 Mon Apr 2024 1960.50 1943.45 to 1968.75 0.88% 0.26 times
19 Fri Apr 2024 1943.45 1911.40 to 1962.00 -0.28% 0.36 times
18 Thu Apr 2024 1949.00 1940.00 to 1986.20 -1.07% 0.75 times
16 Tue Apr 2024 1970.10 1909.00 to 1978.90 1.86% 0.47 times
15 Mon Apr 2024 1934.10 1908.45 to 1968.80 -0.92% 0.52 times
12 Fri Apr 2024 1952.05 1939.05 to 1980.00 -1.32% 0.77 times
10 Wed Apr 2024 1978.10 1970.00 to 2011.00 -0.64% 0.38 times
09 Tue Apr 2024 1990.80 1983.85 to 2044.55 -1% 0.36 times

Technical analysis forecast for Odisha Cement Limited 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 Odisha Cement Limited DALBHARAT at this time. Stock is falling and might fall more.

It appears as if Odisha Cement Limited DALBHARAT gave a large move recently.

Stock of Odisha Cement Limited (DALBHARAT) 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...

Although my analysis for Odisha Cement Limited is bearish for shortterm, but stock is in heavy over sold zones and there are high chances of some recovery tomorrow. You might want to buy the stock tomorrow in intra day with a stoploss of 1804.7, for a target of 1877 or 1937.23

More indepth analysis on MunafaSutra.com