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Stock analysis Madhav Marbles and Granites Limited MADHAV

More indepth analysis on MunafaSutra.com

Moving Averages for Madhav Marbles and Granites Limited

  • 5Day Average: 53.06
  • 12Day Average: 53.09
  • 20Day Average: 53.48
  • 50Day Average: 55.26
  • 100Day Average: 54.93
  • 150Day Average: 53.45
  • 200Day Average: 51.31

MADHAV Indicators & signals

Indicator MACD (12,26,9)

53.23, 53.87, -0.61
Indicator MACD is in negative zone

Indicator ADX (14)

43.24, 7.89, 19.92
Indicator ADX is indicating that momentum is weak.
Momentum is towards selling.

Indicator RSI (14)

Current RSI is: 59
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of MADHAV Madhav Marbles and Granites Limited are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
17 Thu Oct 2024 51.99 51.41 to 54.47 -2.66% 1.28 times
16 Wed Oct 2024 53.41 53.07 to 53.99 0.66% 0.7 times
15 Tue Oct 2024 53.06 52.10 to 54.24 -1.8% 0.51 times
14 Mon Oct 2024 54.03 52.70 to 54.19 2.33% 0.99 times
11 Fri Oct 2024 52.80 52.55 to 54.78 -1.11% 0.78 times
10 Thu Oct 2024 53.39 52.08 to 55.00 -0.56% 0.56 times
09 Wed Oct 2024 53.69 53.16 to 54.83 1.15% 1.16 times
08 Tue Oct 2024 53.08 50.79 to 54.05 4.36% 1.86 times
07 Mon Oct 2024 50.86 50.71 to 54.29 -4.34% 1.4 times
04 Fri Oct 2024 53.17 52.38 to 54.25 -0.47% 0.59 times
03 Thu Oct 2024 53.42 53.25 to 55.89 -1.38% 1.43 times
01 Tue Oct 2024 54.17 52.81 to 54.98 1.18% 2.04 times

Technical analysis forecast for Madhav Marbles and Granites 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 Madhav Marbles and Granites Limited MADHAV at this time. Stock is falling and might fall more.

It appears as if Madhav Marbles and Granites Limited MADHAV gave a large move recently.

Stock of Madhav Marbles and Granites Limited (MADHAV) is trading below an important moving average line, but it crossed this line recently, which means that it could show a small or a large recovery soon enough depending on its trend.

Although my analysis for Madhav Marbles and Granites Limited is bearish for shortterm, but stock is in heavy over sold zones and there are high chances of some recovery tomorrow. You might want to buy the stock tomorrow in intra day with a stoploss of 51.8, for a target of 52.8 or 53.64

More indepth analysis on MunafaSutra.com