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Stock analysis Esab India Limited ESABINDIA

More indepth analysis on MunafaSutra.com

Moving Averages for Esab India Limited

  • 5Day Average: 3657.47
  • 12Day Average: 3712.91
  • 20Day Average: 3782.64
  • 50Day Average: 3885.29
  • 100Day Average: 3887.49
  • 150Day Average: 3718.89
  • 200Day Average: 3626.81

ESABINDIA Indicators & signals

Indicator MACD (12,26,9)

3702.22, 3787.74, -66.38
Indicator MACD is in negative zone

Indicator ADX (14)

27.37, 13.71, 24.05
Indicator ADX is indicating that momentum is weak.
Momentum is towards selling.

Indicator RSI (14)

Current RSI is: 42
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of ESABINDIA Esab India Limited are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
21 Tue Mar 2023 3537.20 3513.25 to 3625.45 -0.78% 0.8 times
20 Mon Mar 2023 3565.10 3551.00 to 3702.10 -4.06% 3.1 times
17 Fri Mar 2023 3715.95 3701.30 to 3781.85 -1.19% 0.49 times
16 Thu Mar 2023 3760.65 3682.00 to 3860.90 1.41% 0.97 times
15 Wed Mar 2023 3708.45 3700.00 to 3768.35 0.25% 0.4 times
14 Tue Mar 2023 3699.25 3675.00 to 3768.90 0.01% 0.43 times
13 Mon Mar 2023 3698.90 3663.00 to 3817.80 -1.66% 0.71 times
10 Fri Mar 2023 3761.40 3712.85 to 3842.95 0.78% 0.68 times
09 Thu Mar 2023 3732.35 3725.00 to 3869.00 -1.77% 0.93 times
08 Wed Mar 2023 3799.45 3772.00 to 3870.00 -0.95% 0.73 times
06 Mon Mar 2023 3835.95 3760.50 to 3917.70 2.56% 1.56 times
03 Fri Mar 2023 3740.30 3696.20 to 3770.00 1.58% 0.64 times

Technical analysis forecast for Esab India 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 Esab India Limited ESABINDIA at this time. Stock is falling and might fall more.

It appears as if Esab India Limited ESABINDIA gave a large move recently.

Stock of Esab India Limited (ESABINDIA) 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 Esab India Limited is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if Esab India Limited stays below 3614.3, but if it comes above 3614.3, then a intra day buy could be more profitable.
If you take a sell trade below 3614.3, then use 3614.3 as stoploss and 3442 as target. However if you take a buy trade in Esab India Limited, then use 3614.3 as stoploss and 3757.83 as target.

More indepth analysis on MunafaSutra.com