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Stock analysis Bhagiradha Chem & Inds L BHAGCHEM

More indepth analysis on MunafaSutra.com

Moving Averages for Bhagiradha Chem & Inds L

  • 5Day Average: 185.2
  • 12Day Average: 180.33
  • 20Day Average: 357.94
  • 50Day Average: 1165.88
  • 100Day Average: 1377.2
  • 150Day Average: 1433.18
  • 200Day Average: 1397.17

BHAGCHEM Indicators & signals

Indicator MACD (12,26,9)

266.92, 587.17, -356.66
Indicator MACD is in negative zone

Indicator ADX (14)

66.3, 12.41, 61.21
Indicator ADX is indicating that momentum is still strong.
Momentum is towards selling.

Indicator RSI (14)

Current RSI is: 19
Indicator RSI is indicating selling pressure and stock might fall.

Recent prices of BHAGCHEM Bhagiradha Chem & Inds L are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
27 Mon May 2024 194.35 183.50 to 199.00 4.97% 1.4 times
24 Fri May 2024 185.15 180.00 to 190.00 -0.16% 0.51 times
23 Thu May 2024 185.45 181.10 to 187.40 2.6% 0.65 times
22 Wed May 2024 180.75 178.05 to 183.90 0.25% 0.36 times
21 Tue May 2024 180.30 176.00 to 182.70 1.41% 0.49 times
18 Sat May 2024 177.80 175.00 to 180.90 0.54% 0.05 times
17 Fri May 2024 176.85 175.00 to 179.20 1.58% 0.35 times
16 Thu May 2024 174.10 171.90 to 178.05 -0.85% 3.41 times
15 Wed May 2024 175.60 169.80 to 186.45 -4.64% 3.15 times
14 Tue May 2024 184.15 176.50 to 184.90 3.51% 0.42 times
13 Mon May 2024 177.90 171.00 to 183.70 3.67% 0.61 times
10 Fri May 2024 171.60 168.70 to 175.80 -0.46% 0.6 times

Technical analysis forecast for Bhagiradha Chem & Inds L 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 Bhagiradha Chem & Inds L BHAGCHEM at this time. Stock is falling and might fall more.

It appears as if Bhagiradha Chem & Inds L BHAGCHEM gave a large move recently.

Stock of Bhagiradha Chem & Inds L (BHAGCHEM) 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 Bhagiradha Chem & Inds L is bearish for shortterm, and stock might move down till -77.9 or till -716.5. Use a stoploss of 454.28 and if the stock hits stoploss, then it can shoot up till 986.46

More indepth analysis on MunafaSutra.com