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Stock analysis Eureka Forbes Limited EUREKAFORB

More indepth analysis on MunafaSutra.com

Moving Averages for Eureka Forbes Limited

  • 5Day Average: 582.87
  • 12Day Average: 584.74
  • 20Day Average: 570.27

EUREKAFORB Indicators & signals

Indicator MACD (12,26,9)

582.42, 574.63, 8.59
Indicator MACD is in positive zone

Indicator ADX (14)

11.35, 17.16, 21.56
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 EUREKAFORB Eureka Forbes Limited are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
19 Tue Nov 2024 576.30 555.80 to 603.40 -2.36% 0.28 times
18 Mon Nov 2024 590.20 584.60 to 598.35 -0.77% 0.28 times
14 Thu Nov 2024 594.80 563.00 to 599.95 5.61% 0.47 times
13 Wed Nov 2024 563.20 555.60 to 589.70 -4.52% 0.57 times
12 Tue Nov 2024 589.85 580.00 to 608.85 -0.88% 0.41 times
11 Mon Nov 2024 595.10 582.60 to 626.40 -1.08% 0.9 times
08 Fri Nov 2024 601.60 593.00 to 643.30 -5.1% 0.84 times
07 Thu Nov 2024 633.90 596.45 to 644.00 7% 3.53 times
06 Wed Nov 2024 592.45 554.45 to 626.00 7.04% 2.04 times
05 Tue Nov 2024 553.50 547.40 to 580.50 -0.25% 0.64 times
04 Mon Nov 2024 554.90 547.25 to 578.60 -2.84% 0.32 times
01 Fri Nov 2024 571.10 562.85 to 574.50 0.92% 0.03 times

Technical analysis forecast for Eureka Forbes 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 Eureka Forbes Limited EUREKAFORB at this time. Stock is falling and might fall more.

It appears as if Eureka Forbes Limited EUREKAFORB gave a large move recently.

Stock of Eureka Forbes Limited (EUREKAFORB) is trading below an important moving average line, but it crossed this line recently, which means that it could show a small or a large recovery soon enough depending on its trend.

My analysis of Eureka Forbes Limited is bearish for shortterm, and stock might move down till 552.7 or till 521.7. Use a stoploss of 578.59 and if the stock hits stoploss, then it can shoot up till 604.44

More indepth analysis on MunafaSutra.com