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Stock analysis Lagnam Spintex Limited LAGNAM

More indepth analysis on MunafaSutra.com

Moving Averages for Lagnam Spintex Limited

  • 5Day Average: 127.82
  • 12Day Average: 115.31
  • 20Day Average: 105.14
  • 50Day Average: 94.16
  • 100Day Average: 80.81
  • 150Day Average: 70.52
  • 200Day Average: 66.78

LAGNAM Indicators & signals

Indicator MACD (12,26,9)

117.92, 106.89, 8.06
Indicator MACD is in positive zone

Indicator ADX (14)

61.54, 32.08, 7.64
Indicator ADX is indicating that momentum is still strong.
Indicator ADX is showing that momentum is towards buying

Indicator RSI (14)

Current RSI is: 60
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
15 Thu Feb 2024 127.95 125.25 to 134.75 0.99% 0.47 times
14 Wed Feb 2024 126.70 125.25 to 139.95 -12.65% 1.44 times
13 Tue Feb 2024 145.05 117.30 to 148.65 17.07% 2.01 times
12 Mon Feb 2024 123.90 113.45 to 135.70 7.27% 0.75 times
09 Fri Feb 2024 115.50 108.30 to 123.85 -3.35% 0.19 times
08 Thu Feb 2024 119.50 117.00 to 126.70 -1.4% 0.24 times
07 Wed Feb 2024 121.20 115.10 to 131.80 0.25% 0.9 times
06 Tue Feb 2024 120.90 108.95 to 124.00 12% 2.26 times
05 Mon Feb 2024 107.95 90.00 to 110.00 17.59% 2.03 times
02 Fri Feb 2024 91.80 91.10 to 94.40 0.05% 0.09 times
01 Thu Feb 2024 91.75 91.00 to 95.00 0.22% 0.09 times
31 Wed Jan 2024 91.55 88.40 to 92.00 1.67% 0.08 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 stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 128.3 as stoploss in an intra day sell trade for a target of 110.65. However, stock will show a bullish move above 128.3.

More indepth analysis on MunafaSutra.com