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Stock analysis Magadh Sugar & Energy Ltd MAGADSUGAR

More indepth analysis on MunafaSutra.com

Moving Averages for Magadh Sugar & Energy Ltd

  • 5Day Average: 580.95
  • 12Day Average: 585.89
  • 20Day Average: 572.69
  • 50Day Average: 593.33
  • 100Day Average: 630.08
  • 150Day Average: 660.35
  • 200Day Average: 618.49

MAGADSUGAR Indicators & signals

Indicator MACD (12,26,9)

581.16, 580.64, -2.71
Indicator MACD is in positive zone

Indicator ADX (14)

27.29, 27.86, 15.92
Indicator ADX is indicating that momentum is weak.
Indicator ADX is showing that momentum is towards buying

Indicator RSI (14)

Current RSI is: 47
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of MAGADSUGAR Magadh Sugar & Energy Ltd are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
25 Thu Apr 2024 594.20 581.50 to 609.95 1.42% 1.26 times
24 Wed Apr 2024 585.90 580.10 to 592.95 0.53% 0.76 times
23 Tue Apr 2024 582.80 576.30 to 589.95 1.56% 0.72 times
22 Mon Apr 2024 573.85 570.00 to 596.85 1.03% 1.23 times
19 Fri Apr 2024 568.00 565.95 to 578.00 -1.68% 0.74 times
18 Thu Apr 2024 577.70 575.20 to 594.00 -0.28% 0.72 times
16 Tue Apr 2024 579.35 571.50 to 592.80 -0.17% 0.44 times
15 Mon Apr 2024 580.35 565.00 to 584.95 -2.39% 0.89 times
12 Fri Apr 2024 594.55 583.05 to 607.35 -1.95% 0.96 times
10 Wed Apr 2024 606.35 600.20 to 618.95 0.51% 1.76 times
09 Tue Apr 2024 603.25 581.05 to 609.90 3.23% 1.78 times
08 Mon Apr 2024 584.40 576.20 to 586.15 1.25% 1.01 times

Technical analysis forecast of Magadh Sugar & Energy Ltd 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 Magadh Sugar & Energy Ltd MAGADSUGAR at this time. Stock is rising and might rise more.

It appears as if Magadh Sugar & Energy Ltd MAGADSUGAR gave a large move recently.

Stock of Magadh Sugar & Energy Ltd (MAGADSUGAR) is trading above an important moving average line, but it crossed this line recently, which means that it could show a small or a large fall soon enough depending on its trend.

My analysis of Magadh Sugar & Energy Ltd is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 600.9 as stoploss in an intra day sell trade for a target of 579.51. However, stock will show a bullish move above 600.9.

More indepth analysis on MunafaSutra.com