Stock analysis Kanoria Chemicals & Industries Limited KANORICHEM

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Moving Averages for Kanoria Chemicals & Industries Limited

5Day Average: 116.57
12Day Average: 119.33
20Day Average: 119.24
50Day Average: 122.15
100Day Average: 128.47
150Day Average: 126.55
200Day Average: 124.35

KANORICHEM Indicators & signals

Indicator MACD (12,26,9)

118.05, 119.44, -1.15
Indicator MACD is in negative zone

Indicator ADX (14)

8.75, 16.04, 19.12
Indicator ADX is indicating that momentum is weak.
Momentum is towards selling.

Indicator RSI (14)

Current RSI is: 56
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of KANORICHEM Kanoria Chemicals & Industries Limited are as follows: Daily volume is divided by 10 day averaged volume

Date	Close	Range	Change %	Volume
26 Thu Dec 2024	114.69	113.22 to 117.99	-1.47%	1.27 times
24 Tue Dec 2024	116.40	116.00 to 118.18	-0.3%	0.31 times
23 Mon Dec 2024	116.75	116.10 to 118.74	0.07%	0.37 times
20 Fri Dec 2024	116.67	115.50 to 120.00	-1.41%	0.67 times
19 Thu Dec 2024	118.34	117.51 to 119.51	-1.28%	0.67 times
18 Wed Dec 2024	119.88	118.82 to 123.01	0%	0.67 times
18 Wed Dec 2024	119.88	118.82 to 123.01	-3.24%	0.67 times
17 Tue Dec 2024	123.90	119.00 to 127.00	3.22%	3.42 times
16 Mon Dec 2024	120.04	119.01 to 121.60	-0.15%	0.8 times
13 Fri Dec 2024	120.22	118.62 to 122.99	-1.92%	1.57 times
12 Thu Dec 2024	122.57	120.44 to 125.50	0%	0.85 times
11 Wed Dec 2024	122.57	120.95 to 127.00	1.49%	2.16 times

Technical analysis forecast for Kanoria Chemicals & Industries 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 Kanoria Chemicals & Industries Limited KANORICHEM at this time. Stock is falling and might fall more.

It appears as if Kanoria Chemicals & Industries Limited KANORICHEM gave a large move recently.

Stock of Kanoria Chemicals & Industries Limited (KANORICHEM) 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 Kanoria Chemicals & Industries 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 113.8, for a target of 116.5 or 118.79

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