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Stock analysis Godrej Agrovet Limited GODREJAGRO

More indepth analysis on MunafaSutra.com

Moving Averages for Godrej Agrovet Limited

  • 5Day Average: 491.64
  • 12Day Average: 496.66
  • 20Day Average: 505.16
  • 50Day Average: 519.54
  • 100Day Average: 521.35
  • 150Day Average: 508.2
  • 200Day Average: 498.84

GODREJAGRO Indicators & signals

Indicator MACD (12,26,9)

496.99, 505.78, -7.47
Indicator MACD is in negative zone

Indicator ADX (14)

16.77, 15.4, 21.6
Indicator ADX is indicating that momentum is weak.
Momentum is towards selling.

Indicator RSI (14)

Current RSI is: 47
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of GODREJAGRO Godrej Agrovet Limited are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
28 Thu Mar 2024 487.00 484.70 to 496.90 0.44% 2.54 times
27 Wed Mar 2024 484.85 482.00 to 494.00 -1.01% 0.71 times
26 Tue Mar 2024 489.80 488.15 to 500.00 -1.15% 1.83 times
22 Fri Mar 2024 495.50 494.95 to 509.70 -1.11% 1.48 times
21 Thu Mar 2024 501.05 495.00 to 504.10 1.02% 1.22 times
20 Wed Mar 2024 496.00 495.00 to 504.10 -1.19% 0.34 times
19 Tue Mar 2024 501.95 498.15 to 509.15 0.1% 1.22 times
18 Mon Mar 2024 501.45 500.10 to 510.00 -1.81% 0.65 times
15 Fri Mar 2024 510.70 494.65 to 519.50 2.26% 0.79 times
14 Thu Mar 2024 499.40 489.70 to 505.00 1.47% 0.92 times
13 Wed Mar 2024 492.15 489.00 to 504.30 -1.58% 0.84 times
12 Tue Mar 2024 500.05 493.00 to 515.10 -2.43% 0.6 times

Technical analysis forecast for Godrej Agrovet 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 Godrej Agrovet Limited GODREJAGRO at this time. Stock is falling and might fall more.

It appears as if Godrej Agrovet Limited GODREJAGRO gave a large move recently.

Stock of Godrej Agrovet Limited (GODREJAGRO) 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 Godrej Agrovet Limited is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if Godrej Agrovet Limited stays below 490.2, but if it comes above 490.2, then a intra day buy could be more profitable.
If you take a sell trade below 490.2, then use 490.2 as stoploss and 475.4 as target. However if you take a buy trade in Godrej Agrovet Limited, then use 490.2 as stoploss and 502.44 as target.

More indepth analysis on MunafaSutra.com