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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: 260.22
  • 12Day Average: 256.92
  • 20Day Average: 256.12
  • 50Day Average: 259.14
  • 100Day Average: 269.84
  • 150Day Average: 270.19
  • 200Day Average: 271.13

CHEMCON Indicators & signals

Indicator MACD (12,26,9)

257.64, 257.03, -0.32
Indicator MACD is in positive zone

Indicator ADX (14)

1.11, 23.03, 23.54
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
30 Tue Apr 2024 256.65 255.00 to 262.35 -1.38% 0.99 times
29 Mon Apr 2024 260.25 260.00 to 264.70 -0.1% 0.63 times
26 Fri Apr 2024 260.50 259.75 to 266.00 0.29% 1.58 times
25 Thu Apr 2024 259.75 259.00 to 265.30 -1.59% 0.86 times
24 Wed Apr 2024 263.95 262.30 to 267.15 0.55% 1.18 times
23 Tue Apr 2024 262.50 255.30 to 263.65 3.08% 1.59 times
22 Mon Apr 2024 254.65 252.00 to 256.40 1.27% 0.52 times
19 Fri Apr 2024 251.45 247.65 to 253.55 -0.3% 0.63 times
18 Thu Apr 2024 252.20 251.25 to 257.70 0.72% 0.96 times
16 Tue Apr 2024 250.40 247.05 to 254.00 -0.34% 0.96 times
15 Mon Apr 2024 251.25 246.70 to 258.45 -3.18% 1.08 times
12 Fri Apr 2024 259.50 256.65 to 265.45 -1.44% 1.82 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, but it crossed this line recently, which means that it could show a small or a large recovery soon enough depending on its trend.

My analysis of Chemcon Special Chem Ltd is bearish for shortterm, and stock might move down till 252.2 or till 246.7. Use a stoploss of 256.91 and if the stock hits stoploss, then it can shoot up till 261.57

More indepth analysis on MunafaSutra.com