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Stock analysis Chemcon Special Chem Ltd CHEMCON

More indepth analysis on MunafaSutra.com

Moving Averages for Chemcon Special Chem Ltd

  • 5Day Average: 246.31
  • 12Day Average: 249.88
  • 20Day Average: 251.34
  • 50Day Average: 252.46
  • 100Day Average: 264.22
  • 150Day Average: 266.71
  • 200Day Average: 269.53

CHEMCON Indicators & signals

Indicator MACD (12,26,9)

249.41, 251.66, -1.5
Indicator MACD is in negative zone

Indicator ADX (14)

29.73, 15.55, 28.7
Indicator ADX is indicating that momentum is weak.
Momentum is towards selling.

Indicator RSI (14)

Current RSI is: 52
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of CHEMCON Chemcon Special Chem Ltd are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
27 Mon May 2024 243.80 243.00 to 246.40 -0.55% 0.64 times
24 Fri May 2024 245.15 244.90 to 247.55 -0.59% 0.77 times
23 Thu May 2024 246.60 246.00 to 250.15 -0.58% 0.77 times
22 Wed May 2024 248.05 246.35 to 251.00 0.04% 0.72 times
21 Tue May 2024 247.95 244.00 to 253.85 -4.62% 1.91 times
18 Sat May 2024 259.95 256.30 to 261.00 1.4% 0.37 times
17 Fri May 2024 256.35 250.75 to 258.35 0.53% 0.55 times
16 Thu May 2024 255.00 253.70 to 259.85 -1.09% 0.48 times
15 Wed May 2024 257.80 246.10 to 259.75 4.48% 3.04 times
14 Tue May 2024 246.75 244.15 to 249.55 1.19% 0.4 times
13 Mon May 2024 243.85 240.60 to 248.55 -1.41% 0.99 times
10 Fri May 2024 247.35 246.05 to 250.20 -0.48% 0.44 times

Technical analysis forecast for Chemcon Special Chem 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 Chemcon Special Chem Ltd CHEMCON at this time. Stock is falling and might fall more.

It appears as if Chemcon Special Chem Ltd CHEMCON gave a large move recently.

Stock of Chemcon Special Chem Ltd (CHEMCON) 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 Chemcon Special Chem Ltd is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if Chemcon Special Chem Ltd stays below 245.7, but if it comes above 245.7, then a intra day buy could be more profitable.
If you take a sell trade below 245.7, then use 245.7 as stoploss and 239.5 as target. However if you take a buy trade in Chemcon Special Chem Ltd, then use 245.7 as stoploss and 250.85 as target.

More indepth analysis on MunafaSutra.com