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Stock analysis Best Agrolife Limited BESTAGRO

More indepth analysis on MunafaSutra.com

Moving Averages for Best Agrolife Limited

  • 5Day Average: 642.03
  • 12Day Average: 886.4
  • 20Day Average: 979.57
  • 50Day Average: 1026.14
  • 100Day Average: 1040.69
  • 150Day Average: 1110.88
  • 200Day Average: 1223.41

BESTAGRO Indicators & signals

Indicator MACD (12,26,9)

820.97, 937.9, -62.06
Indicator MACD is in negative zone

Indicator ADX (14)

55.27, 14.91, 51.75
Indicator ADX is indicating that momentum is still strong.
Momentum is towards selling.

Indicator RSI (14)

Current RSI is: 33
Indicator RSI is indicating selling pressure and stock might fall.

Recent prices of BESTAGRO Best Agrolife Limited are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
19 Fri Apr 2024 632.20 625.00 to 640.00 -1.63% 0.22 times
18 Thu Apr 2024 642.65 640.00 to 658.65 0.9% 0.28 times
16 Tue Apr 2024 636.90 627.10 to 646.90 0.28% 0.21 times
15 Mon Apr 2024 635.15 628.00 to 659.90 -4.24% 0.45 times
12 Fri Apr 2024 663.25 661.10 to 681.35 -1.75% 0.42 times
10 Wed Apr 2024 675.05 665.35 to 695.00 -41.98% 0.46 times
26 Wed Jul 2023 1163.50 1135.05 to 1180.00 0.75% 1.24 times
25 Tue Jul 2023 1154.80 1150.10 to 1214.40 -1.5% 2.47 times
24 Mon Jul 2023 1172.35 1111.55 to 1185.95 6.03% 2.96 times
21 Fri Jul 2023 1105.70 1065.00 to 1108.45 3.12% 0.86 times
20 Thu Jul 2023 1072.25 1063.05 to 1085.45 -0.99% 0.65 times
19 Wed Jul 2023 1083.00 1059.85 to 1113.20 -0.32% 0.77 times

Technical analysis forecast for Best Agrolife 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 Best Agrolife Limited BESTAGRO at this time. Stock is falling and might fall more.

It appears as if Best Agrolife Limited BESTAGRO gave a large move recently.

Stock of Best Agrolife Limited (BESTAGRO) 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 Best Agrolife Limited is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if Best Agrolife Limited stays below 684.7, but if it comes above 684.7, then a intra day buy could be more profitable.
If you take a sell trade below 684.7, then use 684.7 as stoploss and 421.9 as target. However if you take a buy trade in Best Agrolife Limited, then use 684.7 as stoploss and 903.64 as target.

More indepth analysis on MunafaSutra.com