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Stock analysis Aksharchem India Limited AKSHARCHEM

More indepth analysis on MunafaSutra.com

Moving Averages for Aksharchem India Limited

  • 5Day Average: 286.06
  • 12Day Average: 297.41
  • 20Day Average: 304.45
  • 50Day Average: 324.53
  • 100Day Average: 320.63
  • 150Day Average: 307.41
  • 200Day Average: 299.93

AKSHARCHEM Indicators & signals

Indicator MACD (12,26,9)

295.74, 306.52, -9.01
Indicator MACD is in negative zone

Indicator ADX (14)

26.57, 12.37, 21.32
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 AKSHARCHEM Aksharchem India Limited are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
30 Wed Oct 2024 288.25 285.50 to 292.20 1.21% 0.48 times
29 Tue Oct 2024 284.80 281.15 to 297.35 -0.56% 0.85 times
28 Mon Oct 2024 286.40 284.65 to 298.25 0.61% 1.73 times
25 Fri Oct 2024 284.65 276.65 to 289.90 -0.54% 1.19 times
24 Thu Oct 2024 286.20 282.00 to 296.75 -2.5% 1.28 times
23 Wed Oct 2024 293.55 290.10 to 302.10 -1.36% 1.05 times
22 Tue Oct 2024 297.60 294.95 to 311.10 -1.21% 1.14 times
21 Mon Oct 2024 301.25 300.00 to 320.20 -1.5% 0.96 times
18 Fri Oct 2024 305.85 302.90 to 312.65 -0.91% 0.52 times
17 Thu Oct 2024 308.65 305.15 to 321.70 -2.65% 0.84 times
16 Wed Oct 2024 317.05 312.90 to 319.30 0.75% 0.44 times
15 Tue Oct 2024 314.70 312.50 to 319.95 -0.68% 0.53 times

Technical analysis forecast for Aksharchem India 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 Aksharchem India Limited AKSHARCHEM at this time. Stock is falling and might fall more.

It appears as if Aksharchem India Limited AKSHARCHEM gave a large move recently.

Stock of Aksharchem India Limited (AKSHARCHEM) 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 Aksharchem India Limited is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if Aksharchem India Limited stays below 289.7, but if it comes above 289.7, then a intra day buy could be more profitable.
If you take a sell trade below 289.7, then use 289.7 as stoploss and 274.1 as target. However if you take a buy trade in Aksharchem India Limited, then use 289.7 as stoploss and 302.65 as target.

More indepth analysis on MunafaSutra.com