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Stock analysis LG Balakrishnan & Bros Limited LGBBROSLTD

More indepth analysis on MunafaSutra.com

Moving Averages for LG Balakrishnan & Bros Limited

  • 5Day Average: 1163.15
  • 12Day Average: 1167.5
  • 20Day Average: 1200.45
  • 50Day Average: 1254.02
  • 100Day Average: 1191.88
  • 150Day Average: 1139.64
  • 200Day Average: 1096.53

LGBBROSLTD Indicators & signals

Indicator MACD (12,26,9)

1175.69, 1206.21, -27.06
Indicator MACD is in negative zone

Indicator ADX (14)

37.06, 11.88, 25.88
Indicator ADX is indicating that momentum is weak.
Momentum is towards selling.

Indicator RSI (14)

Current RSI is: 48
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of LGBBROSLTD LG Balakrishnan & Bros Limited are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
29 Thu Feb 2024 1140.95 1119.35 to 1155.65 -0.87% 1.14 times
28 Wed Feb 2024 1151.00 1135.00 to 1169.00 -0.72% 1.48 times
27 Tue Feb 2024 1159.30 1153.05 to 1189.60 -1.73% 0.54 times
26 Mon Feb 2024 1179.65 1172.00 to 1197.45 -0.44% 0.84 times
23 Fri Feb 2024 1184.85 1164.00 to 1191.35 1.6% 0.79 times
22 Thu Feb 2024 1166.20 1154.30 to 1188.70 -1.05% 0.74 times
21 Wed Feb 2024 1178.60 1160.55 to 1199.25 1.22% 0.95 times
20 Tue Feb 2024 1164.35 1153.05 to 1180.80 -1.28% 1.13 times
19 Mon Feb 2024 1179.50 1165.00 to 1203.65 -0.33% 1.16 times
16 Fri Feb 2024 1183.45 1168.00 to 1191.95 0.61% 1.03 times
15 Thu Feb 2024 1176.30 1148.00 to 1182.30 2.66% 1.33 times
14 Wed Feb 2024 1145.80 1136.00 to 1183.65 -2.71% 2.32 times

Technical analysis forecast for LG Balakrishnan & Bros 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 LG Balakrishnan & Bros Limited LGBBROSLTD at this time. Stock is falling and might fall more.

It appears as if LG Balakrishnan & Bros Limited LGBBROSLTD gave a large move recently.

Stock of LG Balakrishnan & Bros Limited (LGBBROSLTD) 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 LG Balakrishnan & Bros Limited is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if LG Balakrishnan & Bros Limited stays below 1148.8, but if it comes above 1148.8, then a intra day buy could be more profitable.
If you take a sell trade below 1148.8, then use 1148.8 as stoploss and 1092.8 as target. However if you take a buy trade in LG Balakrishnan & Bros Limited, then use 1148.8 as stoploss and 1195.46 as target.

More indepth analysis on MunafaSutra.com