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Stock analysis Bhandari Hosiery Exp Ltd BHANDARI

More indepth analysis on MunafaSutra.com

Moving Averages for Bhandari Hosiery Exp Ltd

  • 5Day Average: 7.93
  • 12Day Average: 7.96
  • 20Day Average: 8.24
  • 50Day Average: 8.73
  • 100Day Average: 8
  • 150Day Average: 6.95
  • 200Day Average: 6.37

BHANDARI Indicators & signals

Indicator MACD (12,26,9)

8, 8.19, -0.17
Indicator MACD is in negative zone

Indicator ADX (14)

26.32, 16.28, 27.91
Indicator ADX is indicating that momentum is weak.
Momentum is towards selling.

Indicator RSI (14)

Current RSI is: 57
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of BHANDARI Bhandari Hosiery Exp Ltd are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
02 Thu May 2024 7.75 7.70 to 8.00 -1.27% 1.05 times
30 Tue Apr 2024 7.85 7.80 to 8.10 -1.88% 0.89 times
29 Mon Apr 2024 8.00 7.95 to 8.15 -0.62% 0.75 times
26 Fri Apr 2024 8.05 7.95 to 8.35 0.63% 1.51 times
25 Thu Apr 2024 8.00 7.90 to 8.15 0% 0.84 times
24 Wed Apr 2024 8.00 7.95 to 8.25 -0.62% 1.07 times
23 Tue Apr 2024 8.05 8.00 to 8.15 1.9% 1.06 times
22 Mon Apr 2024 7.90 7.60 to 8.25 -0.63% 0.89 times
19 Fri Apr 2024 7.95 7.80 to 8.05 -1.24% 1.01 times
18 Thu Apr 2024 8.05 7.95 to 8.40 0% 1.16 times
16 Tue Apr 2024 8.05 7.85 to 8.45 1.9% 0.81 times
15 Mon Apr 2024 7.90 7.55 to 8.20 -5.39% 1.49 times

Technical analysis forecast for Bhandari Hosiery Exp 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 Bhandari Hosiery Exp Ltd BHANDARI at this time. Stock is falling and might fall more.

It appears as if Bhandari Hosiery Exp Ltd BHANDARI gave a large move recently.

Stock of Bhandari Hosiery Exp Ltd (BHANDARI) 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 Bhandari Hosiery Exp Ltd is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 7.7 as stoploss in an intra day buy trade for a target of 8.11. However, stock will show a bearish move below 7.7.

More indepth analysis on MunafaSutra.com