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Stock analysis Ganesh Benzoplast Limited GANESHBE

More indepth analysis on MunafaSutra.com

Moving Averages for Ganesh Benzoplast Limited

  • 5Day Average: 171.16
  • 12Day Average: 172.01
  • 20Day Average: 175.76
  • 50Day Average: 182.39
  • 100Day Average: 175.53
  • 150Day Average: 167.03
  • 200Day Average: 166.31

GANESHBE Indicators & signals

Indicator MACD (12,26,9)

172.7, 175.89, -2.94
Indicator MACD is in negative zone

Indicator ADX (14)

28.37, 13.03, 23.35
Indicator ADX is indicating that momentum is weak.
Momentum is towards selling.

Indicator RSI (14)

Current RSI is: 52
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of GANESHBE Ganesh Benzoplast Limited are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
30 Tue Apr 2024 169.20 168.05 to 174.90 0.27% 0.98 times
29 Mon Apr 2024 168.75 167.95 to 173.45 -1.89% 0.96 times
26 Fri Apr 2024 172.00 169.50 to 173.00 1.39% 0.6 times
25 Thu Apr 2024 169.65 168.55 to 175.10 -3.72% 1.31 times
24 Wed Apr 2024 176.20 174.95 to 180.90 -1.67% 0.88 times
23 Tue Apr 2024 179.20 165.50 to 183.00 4.13% 2.4 times
22 Mon Apr 2024 172.10 170.55 to 175.90 -0.58% 0.62 times
19 Fri Apr 2024 173.10 163.00 to 174.10 3.81% 1.11 times
18 Thu Apr 2024 166.75 166.00 to 172.70 -2.83% 1.05 times
16 Tue Apr 2024 171.60 170.20 to 174.20 0.23% 0.41 times
15 Mon Apr 2024 171.20 167.80 to 174.00 -1.81% 0.65 times
12 Fri Apr 2024 174.35 173.85 to 178.40 -1.94% 0.56 times

Technical analysis forecast for Ganesh Benzoplast 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 Ganesh Benzoplast Limited GANESHBE at this time. Stock is falling and might fall more.

It appears as if Ganesh Benzoplast Limited GANESHBE gave a large move recently.

Stock of Ganesh Benzoplast Limited (GANESHBE) 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 Ganesh Benzoplast Limited is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 168.3 as stoploss in an intra day buy trade for a target of 174.68. However, stock will show a bearish move below 168.3.

More indepth analysis on MunafaSutra.com