Stock analysis Gujarat Narmada Valley Fertilizers and Chemicals Limited GNFC

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Moving Averages for Gujarat Narmada Valley Fertilizers and Chemicals Limited

5Day Average: 707.19
12Day Average: 697.62
20Day Average: 697.6
50Day Average: 661.65
100Day Average: 696.61
150Day Average: 686.61
200Day Average: 663.25

GNFC Indicators & signals

Indicator MACD (12,26,9)

698.03, 686.08, 13.13
Indicator MACD is in positive zone

Indicator ADX (14)

4.8, 21.91, 24.12
Indicator ADX is indicating that momentum is weak.
Momentum is towards selling.

Indicator RSI (14)

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

Recent prices of GNFC Gujarat Narmada Valley Fertilizers and Chemicals Limited are as follows: Daily volume is divided by 10 day averaged volume

Date	Close	Range	Change %	Volume
03 Fri May 2024	684.80	679.85 to 704.00	-1.93%	0.99 times
02 Thu May 2024	698.25	695.10 to 715.70	-2.02%	0.84 times
30 Tue Apr 2024	712.65	709.30 to 728.25	-1.13%	0.76 times
29 Mon Apr 2024	720.80	716.70 to 729.00	0.19%	0.67 times
26 Fri Apr 2024	719.45	712.05 to 728.85	1.45%	2.31 times
25 Thu Apr 2024	709.15	706.05 to 718.00	-0.26%	0.77 times
24 Wed Apr 2024	711.00	695.80 to 718.95	2.51%	1.87 times
23 Tue Apr 2024	693.60	681.55 to 697.00	1.54%	0.65 times
22 Mon Apr 2024	683.05	671.35 to 694.45	0.1%	0.81 times
19 Fri Apr 2024	682.35	659.00 to 685.00	1.49%	0.74 times
18 Thu Apr 2024	672.35	668.00 to 685.90	-1.7%	0.58 times
16 Tue Apr 2024	683.95	676.00 to 686.95	0.07%	0.47 times

Technical analysis forecast for Gujarat Narmada Valley Fertilizers and Chemicals 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 Gujarat Narmada Valley Fertilizers and Chemicals Limited GNFC at this time. Stock is falling and might fall more.

It appears as if Gujarat Narmada Valley Fertilizers and Chemicals Limited GNFC gave a large move recently.

Stock of Gujarat Narmada Valley Fertilizers and Chemicals Limited (GNFC) is trading below an important moving average line, but it crossed this line recently, which means that it could show a small or a large recovery soon enough depending on its trend.

My analysis of Gujarat Narmada Valley Fertilizers and Chemicals Limited is bearish for shortterm, and stock might move down till 677.4 or till 661.5. Use a stoploss of 690.65 and if the stock hits stoploss, then it can shoot up till 703.9

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