Stock analysis Chemfab Alkalis Limited CHEMFAB

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Moving Averages for Chemfab Alkalis Limited

5Day Average: 832.96
12Day Average: 743.56
20Day Average: 695.73
50Day Average: 637.68
100Day Average: 628.71
150Day Average: 559.06
200Day Average: 511.56

CHEMFAB Indicators & signals

Indicator MACD (12,26,9)

766.64, 706.12, 38.01
Indicator MACD is in positive zone

Indicator ADX (14)

71.24, 34.85, 5.85
Indicator ADX is indicating that momentum is still strong.
Indicator ADX is showing that momentum is towards buying

Indicator RSI (14)

Current RSI is: 54
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of CHEMFAB Chemfab Alkalis Limited are as follows: Daily volume is divided by 10 day averaged volume

Date	Close	Range	Change %	Volume
26 Fri Jul 2024	877.05	858.00 to 896.95	0.29%	0.53 times
25 Thu Jul 2024	874.55	831.00 to 898.95	4.42%	1.58 times
24 Wed Jul 2024	837.50	786.00 to 850.00	6.3%	1.97 times
23 Tue Jul 2024	787.85	701.75 to 793.85	0%	1.44 times
23 Tue Jul 2024	787.85	701.75 to 793.85	9.17%	1.44 times
22 Mon Jul 2024	721.70	698.35 to 732.90	2.67%	0.52 times
19 Fri Jul 2024	702.95	662.95 to 719.80	1.05%	0.66 times
18 Thu Jul 2024	695.65	665.35 to 709.90	0.97%	0.67 times
16 Tue Jul 2024	689.00	660.55 to 696.95	2.97%	0.47 times
15 Mon Jul 2024	669.10	637.95 to 672.95	2.24%	0.46 times
12 Fri Jul 2024	654.45	615.15 to 664.95	4.7%	0.78 times
11 Thu Jul 2024	625.10	613.15 to 666.00	0.62%	0.2 times

Technical analysis forecast of Chemfab Alkalis Limited Stock is that its in a uptrend for shortterm, and I will avoid taking a SHORT or SELL trade in this stock. Look for opportunities to BUY or go LONG in Chemfab Alkalis Limited CHEMFAB at this time. Stock is rising and might rise more.

It appears as if Chemfab Alkalis Limited CHEMFAB gave a large move recently.

Stock of Chemfab Alkalis Limited (CHEMFAB) is trading above an important moving average line, and it has been above this line for quite some time now. This is a good sign, and the stock might keep rising and move higher!

My analysis of Chemfab Alkalis Limited is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if Chemfab Alkalis Limited stays above 813, but if it comes below 813, then a intra day sell could be more profitable.
If you take a sell trade below 813, then use 813 as stoploss and 725.67 as target. However if you take a buy trade in Chemfab Alkalis Limited, then use 813 as stoploss and 917.8 as target.

More indepth analysis on MunafaSutra.com