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Stock analysis Dhanuka Agritech Limited DHANUKA

More indepth analysis on MunafaSutra.com

Moving Averages for Dhanuka Agritech Limited

  • 5Day Average: 1610.64
  • 12Day Average: 1675.8
  • 20Day Average: 1719.15
  • 50Day Average: 1732.46
  • 100Day Average: 1595.06
  • 150Day Average: 1432.51
  • 200Day Average: 1349.61

DHANUKA Indicators & signals

Indicator MACD (12,26,9)

1658.3, 1700.45, -22.81
Indicator MACD is in negative zone

Indicator ADX (14)

11.33, 19.01, 23.87
Indicator ADX is indicating that momentum is weak.
Momentum is towards selling.

Indicator RSI (14)

Current RSI is: 43
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of DHANUKA Dhanuka Agritech Limited are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
13 Fri Sep 2024 1593.35 1565.00 to 1609.90 0.43% 0.28 times
12 Thu Sep 2024 1586.50 1580.20 to 1626.30 -1.22% 0.4 times
11 Wed Sep 2024 1606.05 1600.95 to 1654.60 -4.3% 0.7 times
10 Tue Sep 2024 1678.20 1598.00 to 1690.00 5.61% 2.36 times
09 Mon Sep 2024 1589.10 1533.40 to 1600.00 0.02% 0.85 times
06 Fri Sep 2024 1588.80 1581.40 to 1667.60 -4.27% 1.34 times
05 Thu Sep 2024 1659.60 1653.50 to 1720.00 -1.49% 1.07 times
04 Wed Sep 2024 1684.75 1680.00 to 1775.00 -5.29% 1.49 times
03 Tue Sep 2024 1778.80 1752.10 to 1800.00 0.42% 0.38 times
02 Mon Sep 2024 1771.35 1752.95 to 1849.95 -2.99% 0.47 times
30 Fri Aug 2024 1825.90 1735.00 to 1840.00 4.5% 0.95 times
29 Thu Aug 2024 1747.20 1733.60 to 1771.65 0% 0.24 times

Technical analysis forecast for Dhanuka Agritech 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 Dhanuka Agritech Limited DHANUKA at this time. Stock is falling and might fall more.

It appears as if Dhanuka Agritech Limited DHANUKA gave a large move recently.

Stock of Dhanuka Agritech Limited (DHANUKA) 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 Dhanuka Agritech Limited is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if Dhanuka Agritech Limited stays below 1604.4, but if it comes above 1604.4, then a intra day buy could be more profitable.
If you take a sell trade below 1604.4, then use 1604.4 as stoploss and 1502.5 as target. However if you take a buy trade in Dhanuka Agritech Limited, then use 1604.4 as stoploss and 1689.3 as target.

More indepth analysis on MunafaSutra.com