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Stock analysis Hindcon Chemicals Limited HINDCON

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Moving Averages for Hindcon Chemicals Limited

  • 5Day Average: 43.67
  • 12Day Average: 45.35
  • 20Day Average: 45.62
  • 50Day Average: 48.38
  • 100Day Average: 47.58
  • 150Day Average: 64.1
  • 200Day Average: 70.16

HINDCON Indicators & signals

Indicator MACD (12,26,9)

44.68, 46.18, -1.09
Indicator MACD is in negative zone

Indicator ADX (14)

53.49, 8.55, 28.21
Indicator ADX is indicating that momentum is still strong.
Momentum is towards selling.

Indicator RSI (14)

Current RSI is: 44
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of HINDCON Hindcon Chemicals Limited are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
14 Thu Nov 2024 40.31 40.00 to 42.19 -4.97% 2.3 times
13 Wed Nov 2024 42.42 41.32 to 44.00 -4.16% 2.25 times
12 Tue Nov 2024 44.26 44.00 to 46.49 -1.16% 0.47 times
11 Mon Nov 2024 44.78 44.30 to 46.50 -3.86% 1.05 times
08 Fri Nov 2024 46.58 46.11 to 47.39 -0.98% 1.11 times
07 Thu Nov 2024 47.04 46.00 to 47.50 0.75% 0.88 times
06 Wed Nov 2024 46.69 46.19 to 47.55 0.28% 0.87 times
05 Tue Nov 2024 46.56 45.75 to 47.50 1.13% 0.62 times
04 Mon Nov 2024 46.04 45.94 to 47.70 -3.5% 0.76 times
01 Fri Nov 2024 47.71 46.50 to 48.50 3.56% 0.47 times
31 Thu Oct 2024 46.07 45.62 to 48.75 0.72% 1.52 times
30 Wed Oct 2024 45.74 44.30 to 48.49 0.24% 1.48 times

Technical analysis forecast for Hindcon Chemicals 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 Hindcon Chemicals Limited HINDCON at this time. Stock is falling and might fall more.

It appears as if Hindcon Chemicals Limited HINDCON gave a large move recently.

Stock of Hindcon Chemicals Limited (HINDCON) 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...

Although my analysis for Hindcon Chemicals Limited is bearish for shortterm, but stock is in heavy over sold zones and there are high chances of some recovery tomorrow. You might want to buy the stock tomorrow in intra day with a stoploss of 41.7, for a target of 43.8 or 45.62

More indepth analysis on MunafaSutra.com