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Stock analysis Indraprastha Medical Corporation Limited INDRAMEDCO

More indepth analysis on MunafaSutra.com

Moving Averages for Indraprastha Medical Corporation Limited

  • 5Day Average: 266.92
  • 12Day Average: 257.58
  • 20Day Average: 246.59
  • 50Day Average: 176.04
  • 100Day Average: 122.35
  • 150Day Average: 101.61
  • 200Day Average: 91.64

INDRAMEDCO Indicators & signals

Indicator MACD (12,26,9)

256.49, 230.2, 28.47
Indicator MACD is in positive zone

Indicator ADX (14)

48.37, 34.32, 11.94
Indicator ADX is indicating that momentum is weak.
Indicator ADX is showing that momentum is towards buying

Indicator RSI (14)

Current RSI is: 68
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of INDRAMEDCO Indraprastha Medical Corporation Limited are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
03 Fri May 2024 263.25 260.10 to 272.70 -1.7% 0.34 times
02 Thu May 2024 267.80 266.15 to 270.50 0.09% 0.2 times
30 Tue Apr 2024 267.55 265.20 to 274.90 -2.28% 0.63 times
29 Mon Apr 2024 273.80 264.95 to 276.30 4.42% 0.6 times
26 Fri Apr 2024 262.20 261.20 to 273.80 -1.06% 1.03 times
25 Thu Apr 2024 265.00 260.00 to 269.10 -1.01% 0.49 times
24 Wed Apr 2024 267.70 266.70 to 282.80 -3.1% 0.83 times
23 Tue Apr 2024 276.25 255.50 to 280.50 12.66% 3.46 times
22 Mon Apr 2024 245.20 235.10 to 254.00 5.39% 2.03 times
19 Fri Apr 2024 232.65 229.00 to 236.75 -2.43% 0.24 times
18 Thu Apr 2024 238.45 230.00 to 242.00 3.18% 0.48 times
16 Tue Apr 2024 231.10 218.95 to 241.20 2.51% 0.6 times

Technical analysis forecast of Indraprastha Medical Corporation 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 Indraprastha Medical Corporation Limited INDRAMEDCO at this time. Stock is rising and might rise more.

It appears as if Indraprastha Medical Corporation Limited INDRAMEDCO gave a large move recently.

Stock of Indraprastha Medical Corporation Limited (INDRAMEDCO) 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 Indraprastha Medical Corporation Limited is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if Indraprastha Medical Corporation Limited stays above 262.6, but if it comes below 262.6, then a intra day sell could be more profitable.
If you take a sell trade below 262.6, then use 262.6 as stoploss and 241.68 as target. However if you take a buy trade in Indraprastha Medical Corporation Limited, then use 262.6 as stoploss and 287.8 as target.

More indepth analysis on MunafaSutra.com