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Stock analysis Akshar Spintex Limited AKSHAR

More indepth analysis on MunafaSutra.com

Moving Averages for Akshar Spintex Limited

  • 5Day Average: 2.22
  • 12Day Average: 2.4
  • 20Day Average: 3.23
  • 50Day Average: 5.32
  • 100Day Average: 20.65
  • 150Day Average: 38.64
  • 200Day Average: 53.96

AKSHAR Indicators & signals

Indicator MACD (12,26,9)

2.67, 3.86, -1.29
Indicator MACD is in negative zone

Indicator ADX (14)

41.67, 21.88, 53.13
Indicator ADX is indicating that momentum is weak.
Momentum is towards selling.

Indicator RSI (14)

Current RSI is: 32
Indicator RSI is indicating selling pressure and stock might fall.

Recent prices of AKSHAR Akshar Spintex Limited are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
23 Tue Jul 2024 2.23 2.13 to 2.23 0% 0.33 times
23 Tue Jul 2024 2.23 2.13 to 2.23 4.69% 0.33 times
22 Mon Jul 2024 2.13 2.12 to 2.25 -3.18% 1.73 times
19 Fri Jul 2024 2.20 2.19 to 2.31 -4.76% 2.51 times
18 Thu Jul 2024 2.31 2.31 to 2.44 -5.33% 2.1 times
16 Tue Jul 2024 2.44 2.43 to 2.48 0% 0.41 times
15 Mon Jul 2024 2.44 2.43 to 2.50 -1.61% 0.69 times
12 Fri Jul 2024 2.48 2.47 to 2.58 -3.13% 0.79 times
11 Thu Jul 2024 2.56 2.53 to 2.59 -0.39% 0.55 times
10 Wed Jul 2024 2.57 2.57 to 2.61 -0.77% 0.48 times
09 Tue Jul 2024 2.59 2.56 to 2.61 0.39% 0.43 times
08 Mon Jul 2024 2.58 2.57 to 2.66 -41.36% 0.74 times

Technical analysis forecast for Akshar Spintex 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 Akshar Spintex Limited AKSHAR at this time. Stock is falling and might fall more.

It appears as if Akshar Spintex Limited AKSHAR gave a large move recently.

Stock of Akshar Spintex Limited (AKSHAR) 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 Akshar Spintex Limited is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 2.2 as stoploss in an intra day buy trade for a target of 3.29. However, stock will show a bearish move below 2.2.

More indepth analysis on MunafaSutra.com