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Stock analysis Anik Industries Limited ANIKINDS

More indepth analysis on MunafaSutra.com

Moving Averages for Anik Industries Limited

  • 5Day Average: 29.05
  • 12Day Average: 31.2
  • 20Day Average: 32.32
  • 50Day Average: 36.13
  • 100Day Average: 37.68
  • 150Day Average: 38.7
  • 200Day Average: 36.35

ANIKINDS Indicators & signals

Indicator MACD (12,26,9)

30.69, 32.73, -1.74
Indicator MACD is in negative zone

Indicator ADX (14)

51.81, 9.09, 28.64
Indicator ADX is indicating that momentum is still strong.
Momentum is towards selling.

Indicator RSI (14)

Current RSI is: 47
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of ANIKINDS Anik Industries Limited are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
21 Tue Mar 2023 28.75 28.40 to 29.85 0.17% 0.66 times
20 Mon Mar 2023 28.70 28.20 to 31.00 -3.37% 0.4 times
17 Fri Mar 2023 29.70 29.25 to 30.75 -1.16% 1.13 times
16 Thu Mar 2023 30.05 27.45 to 31.00 7.13% 0.89 times
15 Wed Mar 2023 28.05 26.60 to 29.60 -1.58% 1.89 times
14 Tue Mar 2023 28.50 28.05 to 31.20 -6.71% 1.72 times
13 Mon Mar 2023 30.55 30.05 to 32.45 -4.38% 1.41 times
10 Fri Mar 2023 31.95 31.35 to 33.50 -5.61% 1.36 times
09 Thu Mar 2023 33.85 33.65 to 35.25 -2.73% 0.4 times
08 Wed Mar 2023 34.80 34.35 to 35.50 -0.14% 0.28 times
06 Mon Mar 2023 34.85 34.45 to 35.60 0.72% 0.53 times
03 Fri Mar 2023 34.60 33.80 to 35.35 2.52% 0.44 times

Technical analysis forecast for Anik Industries 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 Anik Industries Limited ANIKINDS at this time. Stock is falling and might fall more.

It appears as if Anik Industries Limited ANIKINDS gave a large move recently.

Stock of Anik Industries Limited (ANIKINDS) 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 Anik Industries Limited is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if Anik Industries Limited stays below 29.5, but if it comes above 29.5, then a intra day buy could be more profitable.
If you take a sell trade below 29.5, then use 29.5 as stoploss and 26.5 as target. However if you take a buy trade in Anik Industries Limited, then use 29.5 as stoploss and 31.97 as target.

More indepth analysis on MunafaSutra.com