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Stock analysis DCM Shriram Limited DCMSHRIRAM

More indepth analysis on MunafaSutra.com

Moving Averages for DCM Shriram Limited

  • 5Day Average: 938.71
  • 12Day Average: 929.77
  • 20Day Average: 930.26
  • 50Day Average: 931.73
  • 100Day Average: 975.5
  • 150Day Average: 974.75
  • 200Day Average: 961.32

DCMSHRIRAM Indicators & signals

Indicator MACD (12,26,9)

934.46, 929.07, 0.22
Indicator MACD is in positive zone

Indicator ADX (14)

27.53, 27.62, 15.69
Indicator ADX is indicating that momentum is weak.
Indicator ADX is showing that momentum is towards buying

Indicator RSI (14)

Current RSI is: 59
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of DCMSHRIRAM DCM Shriram Limited are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
30 Tue Apr 2024 965.90 952.75 to 970.00 0.87% 0.82 times
29 Mon Apr 2024 957.55 952.00 to 975.45 0.1% 0.94 times
26 Fri Apr 2024 956.55 905.05 to 987.00 5.82% 5.3 times
25 Thu Apr 2024 903.90 900.00 to 918.55 -0.63% 0.42 times
24 Wed Apr 2024 909.65 906.25 to 916.75 -0.09% 0.67 times
23 Tue Apr 2024 910.45 908.40 to 924.70 -0.87% 0.31 times
22 Mon Apr 2024 918.45 915.00 to 929.10 0.8% 0.32 times
19 Fri Apr 2024 911.20 908.25 to 928.00 -1.6% 0.38 times
18 Thu Apr 2024 926.05 910.05 to 940.00 0.88% 0.53 times
16 Tue Apr 2024 918.00 916.20 to 940.05 -0.59% 0.43 times
15 Mon Apr 2024 923.45 914.60 to 938.90 -3.41% 0.7 times
12 Fri Apr 2024 956.05 949.00 to 990.00 -1.85% 1.46 times

Technical analysis forecast of DCM Shriram 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 DCM Shriram Limited DCMSHRIRAM at this time. Stock is rising and might rise more.

It appears as if DCM Shriram Limited DCMSHRIRAM gave a large move recently.

Stock of DCM Shriram Limited (DCMSHRIRAM) is trading above an important moving average line, but it crossed this line recently, which means that it could show a small or a large fall soon enough depending on its trend.

My analysis of DCM Shriram Limited is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if DCM Shriram Limited stays above 953.3, but if it comes below 953.3, then a intra day sell could be more profitable.
If you take a sell trade below 953.3, then use 953.3 as stoploss and 929.61 as target. However if you take a buy trade in DCM Shriram Limited, then use 953.3 as stoploss and 981.8 as target.

More indepth analysis on MunafaSutra.com