Stock analysis Delta Magnets Limited DELTAMAGNT

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Moving Averages for Delta Magnets Limited

5Day Average: 91.52
12Day Average: 93.49
20Day Average: 94.52
50Day Average: 96.45
100Day Average: 98.53
150Day Average: 98.31
200Day Average: 95.93

DELTAMAGNT Indicators & signals

Indicator MACD (12,26,9)

93.15, 94.66, -1.19
Indicator MACD is in negative zone

Indicator ADX (14)

51.79, 6.72, 21.14
Indicator ADX is indicating that momentum is still strong.
Momentum is towards selling.

Indicator RSI (14)

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

Recent prices of DELTAMAGNT Delta Magnets Limited are as follows: Daily volume is divided by 10 day averaged volume

Date	Close	Range	Change %	Volume
26 Fri Jul 2024	91.78	91.02 to 92.99	0.24%	0.57 times
25 Thu Jul 2024	91.56	91.01 to 93.58	0.19%	0.7 times
24 Wed Jul 2024	91.39	86.71 to 93.70	-0.04%	1.91 times
23 Tue Jul 2024	91.43	87.32 to 94.77	0%	1.41 times
23 Tue Jul 2024	91.43	87.32 to 94.77	-1.81%	1.41 times
22 Mon Jul 2024	93.12	93.01 to 95.70	-0.6%	0.5 times
19 Fri Jul 2024	93.68	93.05 to 95.98	-2.18%	0.32 times
18 Thu Jul 2024	95.77	95.01 to 98.09	-0.4%	0.25 times
16 Tue Jul 2024	96.15	96.07 to 97.14	-1.04%	0.31 times
15 Mon Jul 2024	97.16	93.01 to 98.40	3.95%	2.18 times
12 Fri Jul 2024	93.47	91.20 to 97.00	-1.55%	1.02 times
11 Thu Jul 2024	94.94	94.90 to 96.70	0.26%	0.57 times

Technical analysis forecast for Delta Magnets Limited 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 Delta Magnets Limited DELTAMAGNT at this time. Stock is falling and might fall more.

It appears as if Delta Magnets Limited DELTAMAGNT gave a large move recently.

Stock of Delta Magnets Limited (DELTAMAGNT) 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 Delta Magnets Limited is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if Delta Magnets Limited stays below 92.1, but if it comes above 92.1, then a intra day buy could be more profitable.
If you take a sell trade below 92.1, then use 92.1 as stoploss and 89.6 as target. However if you take a buy trade in Delta Magnets Limited, then use 92.1 as stoploss and 94.11 as target.

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