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Stock analysis Lagnam Spintex Limited LAGNAM

More indepth analysis on MunafaSutra.com

Moving Averages for Lagnam Spintex Limited

  • 5Day Average: 64.48
  • 12Day Average: 60.34
  • 20Day Average: 57.07
  • 50Day Average: 51.14
  • 100Day Average: 51.92
  • 150Day Average: 54.81
  • 200Day Average: 57.3

LAGNAM Indicators & signals

Indicator MACD (12,26,9)

61.19, 57.07, 3.14
Indicator MACD is in positive zone

Indicator ADX (14)

63.06, 35.26, 7.99
Indicator ADX is indicating that momentum is still strong.
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 LAGNAM Lagnam Spintex Limited are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
24 Mon Jul 2023 67.05 65.50 to 68.45 0.52% 0.75 times
21 Fri Jul 2023 66.70 65.10 to 69.45 1.21% 0.77 times
20 Thu Jul 2023 65.90 59.40 to 71.70 7.77% 3.54 times
19 Wed Jul 2023 61.15 60.60 to 62.85 -0.73% 0.32 times
18 Tue Jul 2023 61.60 61.55 to 64.05 0.41% 1.18 times
17 Mon Jul 2023 61.35 59.05 to 62.00 4.6% 0.96 times
14 Fri Jul 2023 58.65 54.20 to 60.25 4.27% 1.1 times
13 Thu Jul 2023 56.25 54.45 to 57.25 -0.53% 0.33 times
12 Wed Jul 2023 56.55 55.35 to 57.50 0.89% 0.47 times
11 Tue Jul 2023 56.05 55.10 to 57.45 -0.71% 0.7 times
10 Mon Jul 2023 56.45 55.40 to 57.80 0.18% 0.64 times
07 Fri Jul 2023 56.35 55.25 to 57.50 -1.05% 0.56 times

Technical analysis forecast of Lagnam Spintex 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 Lagnam Spintex Limited LAGNAM at this time. Stock is rising and might rise more.

It appears as if Lagnam Spintex Limited LAGNAM gave a large move recently.

Stock of Lagnam Spintex Limited (LAGNAM) 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 Lagnam Spintex Limited is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if Lagnam Spintex Limited stays above 64.4, but if it comes below 64.4, then a intra day sell could be more profitable.
If you take a sell trade below 64.4, then use 64.4 as stoploss and 58.49 as target. However if you take a buy trade in Lagnam Spintex Limited, then use 64.4 as stoploss and 71.4 as target.

More indepth analysis on MunafaSutra.com