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Stock analysis Aarvee Denims & Exports Limited AARVEEDEN

More indepth analysis on MunafaSutra.com

Moving Averages for Aarvee Denims & Exports Limited

  • 5Day Average: 23.67
  • 12Day Average: 24.31
  • 20Day Average: 24.59
  • 50Day Average: 23.61
  • 100Day Average: 22.15
  • 150Day Average: 21.77
  • 200Day Average: 22.48

AARVEEDEN Indicators & signals

Indicator MACD (12,26,9)

24.06, 24.06, 0.24
Indicator MACD is in positive zone

Indicator ADX (14)

4.76, 18.03, 16.39
Indicator ADX is indicating that momentum is weak.
Indicator ADX is showing that momentum is towards buying

Indicator RSI (14)

Current RSI is: 57
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of AARVEEDEN Aarvee Denims & Exports Limited are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
04 Wed Oct 2023 23.30 23.20 to 24.05 -1.69% 0.39 times
03 Tue Oct 2023 23.70 23.60 to 24.30 -1.04% 0.32 times
29 Fri Sep 2023 23.95 23.65 to 25.00 1.48% 0.86 times
28 Thu Sep 2023 23.60 23.40 to 24.05 -0.84% 0.27 times
27 Wed Sep 2023 23.80 23.65 to 24.65 -1.65% 0.51 times
26 Tue Sep 2023 24.20 23.90 to 24.50 -0.82% 0.54 times
25 Mon Sep 2023 24.40 24.20 to 25.40 -0.61% 0.76 times
22 Fri Sep 2023 24.55 24.25 to 25.20 -1.21% 0.74 times
21 Thu Sep 2023 24.85 24.25 to 25.35 1.02% 1.3 times
20 Wed Sep 2023 24.60 24.40 to 25.95 -3.91% 1.26 times
18 Mon Sep 2023 25.60 24.60 to 26.70 1.79% 3.45 times
15 Fri Sep 2023 25.15 24.85 to 25.90 -0.59% 1.08 times

Technical analysis forecast for Aarvee Denims & Exports 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 Aarvee Denims & Exports Limited AARVEEDEN at this time. Stock is falling and might fall more.

It appears as if Aarvee Denims & Exports Limited AARVEEDEN gave a large move recently.

Stock of Aarvee Denims & Exports Limited (AARVEEDEN) 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...

My analysis of Aarvee Denims & Exports Limited is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 23.2 as stoploss in an intra day buy trade for a target of 24.13. However, stock will show a bearish move below 23.2.

More indepth analysis on MunafaSutra.com