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Stock analysis Lagnam Spintex Limited LAGNAM

More indepth analysis on MunafaSutra.com

Moving Averages for Lagnam Spintex Limited

  • 5Day Average: 156.42
  • 12Day Average: 141.52
  • 20Day Average: 125.17
  • 50Day Average: 103.01
  • 100Day Average: 87.27
  • 150Day Average: 74.53
  • 200Day Average: 69.68

LAGNAM Indicators & signals

Indicator MACD (12,26,9)

142.59, 125.33, 14.1
Indicator MACD is in positive zone

Indicator ADX (14)

63.67, 39.03, 8.66
Indicator ADX is indicating that momentum is still strong.
Indicator ADX is showing that momentum is towards buying

Indicator RSI (14)

Current RSI is: 70
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
26 Fri Jul 2024 157.95 157.00 to 162.05 -0.13% 0.19 times
25 Thu Jul 2024 158.15 155.40 to 167.90 -0.39% 0.26 times
24 Wed Jul 2024 158.77 153.61 to 161.79 3.36% 0.04 times
23 Tue Jul 2024 153.61 145.80 to 158.45 0% 0.14 times
23 Tue Jul 2024 153.61 145.80 to 158.45 -2.48% 0.14 times
22 Mon Jul 2024 157.51 156.00 to 175.76 23.1% 1.49 times
15 Thu Feb 2024 127.95 125.25 to 134.75 0.99% 0.77 times
14 Wed Feb 2024 126.70 125.25 to 139.95 -12.65% 2.36 times
13 Tue Feb 2024 145.05 117.30 to 148.65 17.07% 3.28 times
12 Mon Feb 2024 123.90 113.45 to 135.70 7.27% 1.22 times
09 Fri Feb 2024 115.50 108.30 to 123.85 -3.35% 0.31 times
08 Thu Feb 2024 119.50 117.00 to 126.70 -1.4% 0.39 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 156.6, but if it comes below 156.6, then a intra day sell could be more profitable.
If you take a sell trade below 156.6, then use 156.6 as stoploss and 131.48 as target. However if you take a buy trade in Lagnam Spintex Limited, then use 156.6 as stoploss and 186.8 as target.

More indepth analysis on MunafaSutra.com