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Stock analysis Karma Energy Limited KARMAENG

More indepth analysis on MunafaSutra.com

Moving Averages for Karma Energy Limited

  • 5Day Average: 71.11
  • 12Day Average: 64.62
  • 20Day Average: 57.45
  • 50Day Average: 48.54
  • 100Day Average: 39.95
  • 150Day Average: 36.05
  • 200Day Average: 32.97

KARMAENG Indicators & signals

Indicator MACD (12,26,9)

65.26, 57.72, 5.68
Indicator MACD is in positive zone

Indicator ADX (14)

75.23, 63.04, 8.91
Indicator ADX is indicating that momentum is still strong.
Indicator ADX is showing that momentum is towards buying

Indicator RSI (14)

Current RSI is: 67
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of KARMAENG Karma Energy Limited are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
30 Thu Nov 2023 78.15 78.15 to 78.15 4.97% 0.24 times
29 Wed Nov 2023 74.45 74.40 to 74.45 4.93% 0.35 times
28 Tue Nov 2023 70.95 69.00 to 70.95 4.96% 1.06 times
24 Fri Nov 2023 67.60 64.45 to 67.60 4.97% 0.83 times
23 Thu Nov 2023 64.40 62.20 to 64.40 4.97% 1.63 times
22 Wed Nov 2023 61.35 58.55 to 61.35 4.96% 0.44 times
21 Tue Nov 2023 58.45 57.95 to 60.00 -4.18% 0.76 times
20 Mon Nov 2023 61.00 61.00 to 67.40 -4.98% 3.44 times
17 Fri Nov 2023 64.20 64.20 to 64.20 4.99% 0.44 times
16 Thu Nov 2023 61.15 61.10 to 61.15 4.98% 0.25 times
15 Wed Nov 2023 58.25 58.20 to 58.25 4.95% 0.8 times
13 Mon Nov 2023 55.50 52.85 to 55.50 4.91% 1.99 times

Technical analysis forecast of Karma Energy 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 Karma Energy Limited KARMAENG at this time. Stock is rising and might rise more.

It appears as if Karma Energy Limited KARMAENG gave a large move recently.

Stock of Karma Energy Limited (KARMAENG) 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 Karma Energy Limited is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if Karma Energy Limited stays above 70.7, but if it comes below 70.7, then a intra day sell could be more profitable.
If you take a sell trade below 70.7, then use 70.7 as stoploss and 60.36 as target. However if you take a buy trade in Karma Energy Limited, then use 70.7 as stoploss and 83.2 as target.

More indepth analysis on MunafaSutra.com