Stock analysis Gujarat Narmada Valley Fertilizers and Chemicals Limited GNFC

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Moving Averages for Gujarat Narmada Valley Fertilizers and Chemicals Limited

5Day Average: 681.04
12Day Average: 691.86
20Day Average: 667.11
50Day Average: 654.67
100Day Average: 696.3
150Day Average: 682.31
200Day Average: 659.01

GNFC Indicators & signals

Indicator MACD (12,26,9)

680.22, 669.52, 9.96
Indicator MACD is in positive zone

Indicator ADX (14)

6.67, 23.1, 20.21
Indicator ADX is indicating that momentum is weak.
Indicator ADX is showing that momentum is towards buying

Indicator RSI (14)

Current RSI is: 49
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of GNFC Gujarat Narmada Valley Fertilizers and Chemicals Limited are as follows: Daily volume is divided by 10 day averaged volume

Date	Close	Range	Change %	Volume
22 Mon Apr 2024	683.05	671.35 to 694.45	0.1%	0.92 times
19 Fri Apr 2024	682.35	659.00 to 685.00	1.49%	0.84 times
18 Thu Apr 2024	672.35	668.00 to 685.90	-1.7%	0.65 times
16 Tue Apr 2024	683.95	676.00 to 686.95	0.07%	0.54 times
15 Mon Apr 2024	683.50	670.80 to 694.00	-2.22%	1 times
12 Fri Apr 2024	699.00	696.00 to 714.30	-1.34%	0.9 times
10 Wed Apr 2024	708.50	695.65 to 719.00	2.12%	1.81 times
09 Tue Apr 2024	693.80	692.00 to 708.95	-1.27%	0.55 times
08 Mon Apr 2024	702.70	698.10 to 714.60	-0.7%	0.77 times
05 Fri Apr 2024	707.65	684.40 to 713.65	2.03%	1.97 times
04 Thu Apr 2024	693.60	689.50 to 699.90	0.25%	0.98 times
03 Wed Apr 2024	691.85	655.00 to 704.70	4.98%	3.71 times

Technical analysis forecast of Gujarat Narmada Valley Fertilizers and Chemicals Limited Stock is that its in a uptrend for shortterm, and I will avoid taking a SHORT or SELL trade in this stock. Look for opportunities to BUY or go LONG in Gujarat Narmada Valley Fertilizers and Chemicals Limited GNFC at this time. Stock is rising and might rise more.

It appears as if Gujarat Narmada Valley Fertilizers and Chemicals Limited GNFC gave a large move recently.

Stock of Gujarat Narmada Valley Fertilizers and Chemicals Limited (GNFC) is trading above an important moving average line, and it has been above this line for quite some time now. This is a good sign, and the stock might keep rising and move higher!

My analysis of Gujarat Narmada Valley Fertilizers and Chemicals Limited is bullish for shortterm, and stock might move up till 705.5 or till 744.8. Use a stoploss of 672.74 and if this stock hits its stoploss, then it can fall down till 639.99

More indepth analysis on MunafaSutra.com