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Stock analysis Finolex Industries Limited FINPIPE

More indepth analysis on MunafaSutra.com

Moving Averages for Finolex Industries Limited

  • 5Day Average: 168.46
  • 12Day Average: 173.55
  • 20Day Average: 178.64
  • 50Day Average: 173.3
  • 100Day Average: 172.19
  • 150Day Average: 170.67
  • 200Day Average: 163.66

FINPIPE Indicators & signals

Indicator MACD (12,26,9)

172.65, 174.78, 0.04
Indicator MACD is in negative zone

Indicator ADX (14)

15.52, 16.28, 22.26
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 FINPIPE Finolex Industries Limited are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
08 Thu Jun 2023 165.70 165.00 to 171.35 -0.75% 1.82 times
07 Wed Jun 2023 166.95 166.25 to 169.45 -0.03% 1.3 times
06 Tue Jun 2023 167.00 166.60 to 172.35 -2.22% 1.33 times
05 Mon Jun 2023 170.80 170.05 to 173.45 -0.61% 1.12 times
02 Fri Jun 2023 171.85 171.00 to 175.40 -0.66% 0.78 times
01 Thu Jun 2023 173.00 172.50 to 180.95 -2.78% 1.15 times
31 Wed May 2023 177.95 171.40 to 178.95 1.92% 1.3 times
30 Tue May 2023 174.60 174.00 to 179.60 -2.38% 0.67 times
29 Mon May 2023 178.85 177.00 to 181.70 -0.61% 0.76 times
26 Fri May 2023 179.95 174.40 to 181.50 1.29% 0.93 times
25 Thu May 2023 177.65 176.25 to 180.20 -0.39% 0.65 times
24 Wed May 2023 178.35 177.80 to 185.45 -2.03% 0.97 times

Technical analysis forecast for Finolex Industries 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 Finolex Industries Limited FINPIPE at this time. Stock is falling and might fall more.

It appears as if Finolex Industries Limited FINPIPE gave a large move recently.

Stock of Finolex Industries Limited (FINPIPE) 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 Finolex Industries Limited is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if Finolex Industries Limited stays below 166.8, but if it comes above 166.8, then a intra day buy could be more profitable.
If you take a sell trade below 166.8, then use 166.8 as stoploss and 157.6 as target. However if you take a buy trade in Finolex Industries Limited, then use 166.8 as stoploss and 174.47 as target.

More indepth analysis on MunafaSutra.com