Stock analysis Indian Card Clothing Company Limited INDIANCARD

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Moving Averages for Indian Card Clothing Company Limited

5Day Average: 271.35
12Day Average: 267.98
20Day Average: 262.49
50Day Average: 262.89
100Day Average: 272.09
150Day Average: 263.66
200Day Average: 255.19

INDIANCARD Indicators & signals

Indicator MACD (12,26,9)

267.97, 264.59, 1.61
Indicator MACD is in positive zone

Indicator ADX (14)

29.43, 27.17, 14.81
Indicator ADX is indicating that momentum is weak.
Indicator ADX is showing that momentum is towards buying

Indicator RSI (14)

Current RSI is: 54
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of INDIANCARD Indian Card Clothing Company Limited are as follows: Daily volume is divided by 10 day averaged volume

Date	Close	Range	Change %	Volume
25 Thu Apr 2024	272.15	268.60 to 276.00	-1.11%	0.36 times
24 Wed Apr 2024	275.20	273.70 to 279.50	0.99%	1.13 times
23 Tue Apr 2024	272.50	270.00 to 282.00	0.28%	0.46 times
22 Mon Apr 2024	271.75	265.95 to 278.00	2.49%	0.49 times
19 Fri Apr 2024	265.15	259.05 to 270.40	-1.58%	0.95 times
18 Thu Apr 2024	269.40	263.10 to 284.95	2.16%	1.6 times
16 Tue Apr 2024	263.70	262.25 to 270.05	-0.28%	0.31 times
15 Mon Apr 2024	264.45	252.20 to 275.15	-4.08%	1.63 times
12 Fri Apr 2024	275.70	260.00 to 281.40	5.61%	2.53 times
10 Wed Apr 2024	261.05	258.00 to 264.30	0.33%	0.41 times
09 Tue Apr 2024	260.20	258.30 to 270.95	-1.61%	0.47 times
08 Mon Apr 2024	264.45	264.05 to 271.35	-1.58%	0.57 times

Technical analysis forecast of Indian Card Clothing Company 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 Indian Card Clothing Company Limited INDIANCARD at this time. Stock is rising and might rise more.

It appears as if Indian Card Clothing Company Limited INDIANCARD gave a large move recently.

Stock of Indian Card Clothing Company Limited (INDIANCARD) 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 Indian Card Clothing Company Limited is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 275.2 as stoploss in an intra day sell trade for a target of 265.26. However, stock will show a bullish move above 275.2.

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