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Stock analysis Good Luck Steel Tubes Limited GOODLUCK

More indepth analysis on MunafaSutra.com

Moving Averages for Good Luck Steel Tubes Limited

  • 5Day Average: 921.65
  • 12Day Average: 928.83
  • 20Day Average: 928.48
  • 50Day Average: 930.43
  • 100Day Average: 959.25
  • 150Day Average: 899.4
  • 200Day Average: 805.53

GOODLUCK Indicators & signals

Indicator MACD (12,26,9)

923.6, 923.39, 1.62
Indicator MACD is in positive zone

Indicator ADX (14)

29.6, 13.53, 24.91
Indicator ADX is indicating that momentum is weak.
Momentum is towards selling.

Indicator RSI (14)

Current RSI is: 55
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of GOODLUCK Good Luck Steel Tubes Limited are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
25 Thu Apr 2024 911.40 907.00 to 934.35 -0.46% 1.4 times
24 Wed Apr 2024 915.65 904.80 to 931.45 0.24% 1.15 times
23 Tue Apr 2024 913.45 905.10 to 951.50 -2.7% 1.48 times
22 Mon Apr 2024 938.75 925.10 to 962.40 1.05% 1.26 times
19 Fri Apr 2024 929.00 866.60 to 974.40 1.07% 1.53 times
18 Thu Apr 2024 919.20 912.00 to 956.35 -0.38% 1.04 times
16 Tue Apr 2024 922.70 918.60 to 938.45 -1.85% 0.46 times
15 Mon Apr 2024 940.10 862.15 to 952.00 1.44% 1.36 times
12 Fri Apr 2024 926.75 922.05 to 943.80 -0.78% 0.54 times
10 Wed Apr 2024 934.00 930.10 to 953.10 -1.02% 0.45 times
09 Tue Apr 2024 943.60 935.00 to 966.50 -0.81% 0.72 times
08 Mon Apr 2024 951.35 933.00 to 989.00 -2.19% 1.1 times

Technical analysis forecast for Good Luck Steel Tubes 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 Good Luck Steel Tubes Limited GOODLUCK at this time. Stock is falling and might fall more.

It appears as if Good Luck Steel Tubes Limited GOODLUCK gave a large move recently.

Stock of Good Luck Steel Tubes Limited (GOODLUCK) 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 Good Luck Steel Tubes Limited is bearish for shortterm, and stock might move down till 882.9 or till 835.1. Use a stoploss of 922.65 and if the stock hits stoploss, then it can shoot up till 962.45

More indepth analysis on MunafaSutra.com