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Stock analysis Esab India Limited ESABINDIA

More indepth analysis on MunafaSutra.com

Moving Averages for Esab India Limited

  • 5Day Average: 5081.47
  • 12Day Average: 5211.65
  • 20Day Average: 5154.44
  • 50Day Average: 5202.71
  • 100Day Average: 5497.15
  • 150Day Average: 5484.64
  • 200Day Average: 5309.74

ESABINDIA Indicators & signals

Indicator MACD (12,26,9)

5141.48, 5158.17, 2.34
Indicator MACD is in negative zone

Indicator ADX (14)

29.93, 14.33, 26.57
Indicator ADX is indicating that momentum is weak.
Momentum is towards selling.

Indicator RSI (14)

Current RSI is: 59
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
16 Tue Apr 2024 5027.75 4990.00 to 5075.00 0.25% 0.38 times
15 Mon Apr 2024 5015.00 4939.00 to 5095.35 -1.49% 1.34 times
12 Fri Apr 2024 5090.60 5050.00 to 5144.35 -0.85% 0.47 times
10 Wed Apr 2024 5134.10 5102.00 to 5189.85 -0.11% 0.64 times
09 Tue Apr 2024 5139.90 5110.00 to 5232.00 -1.28% 0.94 times
08 Mon Apr 2024 5206.30 5200.00 to 5345.00 -1.84% 1.32 times
05 Fri Apr 2024 5304.15 5288.00 to 5369.00 -1.12% 0.78 times
04 Thu Apr 2024 5364.10 5312.00 to 5380.00 0.63% 0.95 times
03 Wed Apr 2024 5330.75 5313.20 to 5369.95 0.33% 0.95 times
02 Tue Apr 2024 5313.15 5270.00 to 5448.00 -0.91% 1.67 times
01 Mon Apr 2024 5361.95 5252.00 to 5389.95 2.09% 0.94 times
28 Thu Mar 2024 5252.05 5162.00 to 5328.70 -0.91% 0.74 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 stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 4982.9 as stoploss in an intra day buy trade for a target of 5149.83. However, stock will show a bearish move below 4982.9.

More indepth analysis on MunafaSutra.com