Stock analysis Indef Manufacturing Ltd BAJAJINDEF
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Technical analysis forecast for Indef Manufacturing Ltd 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 Indef Manufacturing Ltd BAJAJINDEF at this time. Stock is falling and might fall more.
It appears as if Indef Manufacturing Ltd BAJAJINDEF gave a large move recently.
Stock of Indef Manufacturing Ltd (BAJAJINDEF) 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 Indef Manufacturing Ltd is bearish for shortterm, and stock might move down till 232.6 or till 219.1. Use a stoploss of 243.81 and if the stock hits stoploss, then it can shoot up till 255.03
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