Stock analysis Madras Fertilizers Limited MADRASFERT
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Recent prices of MADRASFERT Madras Fertilizers Limited are as follows: Daily volume is divided by 10 day averaged volume
| Date | Close | Range | Change % | Volume |
| 18 Thu Apr 2024 | 86.60 | 86.05 to 90.30 | -2.48% | 0.52 times |
| 16 Tue Apr 2024 | 88.80 | 87.40 to 90.00 | 1.6% | 0.64 times |
| 15 Mon Apr 2024 | 87.40 | 84.45 to 89.45 | -2.29% | 0.87 times |
| 12 Fri Apr 2024 | 89.45 | 88.15 to 93.65 | -3.3% | 0.69 times |
| 10 Wed Apr 2024 | 92.50 | 90.40 to 93.60 | 1.59% | 0.92 times |
| 09 Tue Apr 2024 | 91.05 | 90.80 to 94.15 | -0.6% | 0.75 times |
| 08 Mon Apr 2024 | 91.60 | 91.00 to 93.90 | -1.77% | 0.44 times |
| 05 Fri Apr 2024 | 93.25 | 91.10 to 94.45 | 1.47% | 1.15 times |
| 04 Thu Apr 2024 | 91.90 | 90.80 to 93.45 | -0.16% | 0.75 times |
| 03 Wed Apr 2024 | 92.05 | 87.95 to 93.30 | 4.07% | 2.68 times |
| 02 Tue Apr 2024 | 88.45 | 85.55 to 89.60 | 1.84% | 1.11 times |
| 01 Mon Apr 2024 | 86.85 | 81.50 to 87.70 | 7.22% | 1.39 times |
Technical analysis forecast for Madras Fertilizers 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 Madras Fertilizers Limited MADRASFERT at this time. Stock is falling and might fall more.
It appears as if Madras Fertilizers Limited MADRASFERT gave a large move recently.
Stock of Madras Fertilizers Limited (MADRASFERT) 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.
My analysis of Madras Fertilizers Limited is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 84.4 as stoploss in an intra day buy trade for a target of 88.84. However, stock will show a bearish move below 84.4.