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Stock analysis Kanoria Chemicals & Industries Limited KANORICHEM

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Moving Averages for Kanoria Chemicals & Industries Limited

  • 5Day Average: 126.83
  • 12Day Average: 122.6
  • 20Day Average: 116.7
  • 50Day Average: 120.11
  • 100Day Average: 127.69
  • 150Day Average: 128.01
  • 200Day Average: 125.69

KANORICHEM Indicators & signals

Indicator MACD (12,26,9)

122.48, 119.99, 0.83
Indicator MACD is in positive zone

Indicator ADX (14)

47.91, 25.94, 9.14
Indicator ADX is indicating that momentum is weak.
Indicator ADX is showing that momentum is towards buying

Indicator RSI (14)

Current RSI is: 50
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
19 Fri Apr 2024 125.35 123.25 to 126.75 -0.91% 0.24 times
18 Thu Apr 2024 126.50 124.45 to 129.80 0.48% 0.59 times
16 Tue Apr 2024 125.90 122.20 to 131.00 0.28% 0.85 times
15 Mon Apr 2024 125.55 122.55 to 129.75 -4.05% 0.79 times
12 Fri Apr 2024 130.85 122.55 to 138.50 4.55% 3.91 times
10 Wed Apr 2024 125.15 122.30 to 128.70 1.54% 1.03 times
09 Tue Apr 2024 123.25 117.90 to 125.95 3.83% 1.1 times
08 Mon Apr 2024 118.70 117.80 to 122.00 0.64% 0.74 times
05 Fri Apr 2024 117.95 116.80 to 119.70 0.55% 0.27 times
04 Thu Apr 2024 117.30 114.15 to 119.45 -0.55% 0.38 times
03 Wed Apr 2024 117.95 114.00 to 118.95 0.98% 0.34 times
02 Tue Apr 2024 116.80 112.90 to 117.95 3.36% 0.46 times

Technical analysis forecast of Kanoria Chemicals & Industries 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 Kanoria Chemicals & Industries Limited KANORICHEM at this time. Stock is rising and might rise more.

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

Stock of Kanoria Chemicals & Industries Limited (KANORICHEM) 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 Kanoria Chemicals & Industries Limited is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 128.6 as stoploss in an intra day sell trade for a target of 120.44. However, stock will show a bullish move above 128.6.

More indepth analysis on MunafaSutra.com