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Stock analysis Karma Energy Limited KARMAENG

More indepth analysis on MunafaSutra.com

Moving Averages for Karma Energy Limited

  • 5Day Average: 66.8
  • 12Day Average: 68.79
  • 20Day Average: 69.72
  • 50Day Average: 73.51
  • 100Day Average: 66.59
  • 150Day Average: 57.24
  • 200Day Average: 49.65

KARMAENG Indicators & signals

Indicator MACD (12,26,9)

68.15, 69.61, -0.96
Indicator MACD is in negative zone

Indicator ADX (14)

32.23, 10.68, 20.83
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 KARMAENG Karma Energy Limited are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
26 Thu Dec 2024 65.18 62.82 to 68.65 -1.85% 2.63 times
24 Tue Dec 2024 66.41 65.83 to 68.05 0.88% 0.43 times
23 Mon Dec 2024 65.83 65.08 to 69.68 -3.16% 1.44 times
20 Fri Dec 2024 67.98 67.61 to 70.30 -0.92% 0.54 times
19 Thu Dec 2024 68.61 68.15 to 71.01 0.51% 0.91 times
18 Wed Dec 2024 68.26 68.21 to 69.78 0% 0.51 times
18 Wed Dec 2024 68.26 68.21 to 69.78 -0.54% 0.51 times
17 Tue Dec 2024 68.63 68.00 to 71.79 -2.97% 1.08 times
16 Mon Dec 2024 70.73 70.03 to 73.10 -1.87% 0.98 times
13 Fri Dec 2024 72.08 71.00 to 74.59 -0.22% 2.01 times
12 Thu Dec 2024 72.24 71.29 to 75.00 1.33% 1.59 times
11 Wed Dec 2024 71.29 69.76 to 75.65 -4.5% 2.67 times

Technical analysis forecast for Karma Energy 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 Karma Energy Limited KARMAENG at this time. Stock is falling and might fall more.

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

Stock of Karma Energy Limited (KARMAENG) 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...

My analysis of Karma Energy Limited is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if Karma Energy Limited stays below 66.8, but if it comes above 66.8, then a intra day buy could be more profitable.
If you take a sell trade below 66.8, then use 66.8 as stoploss and 63.9 as target. However if you take a buy trade in Karma Energy Limited, then use 66.8 as stoploss and 69.12 as target.

More indepth analysis on MunafaSutra.com