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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: 688.4
  • 12Day Average: 655.01
  • 20Day Average: 598.24
  • 50Day Average: 514.56
  • 100Day Average: 452.29
  • 150Day Average: 412.7
  • 200Day Average: 388.16

MAGADSUGAR Indicators & signals

Indicator MACD (12,26,9)

647.57, 592.9, 48.56
Indicator MACD is in positive zone

Indicator ADX (14)

34.56, 32.25, 15.68
Indicator ADX is indicating that momentum is weak.
Indicator ADX is showing that momentum is towards buying

Indicator RSI (14)

Current RSI is: 63
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
21 Thu Sep 2023 679.05 670.60 to 703.00 -4.03% 0.42 times
20 Wed Sep 2023 707.60 693.05 to 725.90 0.53% 0.81 times
18 Mon Sep 2023 703.85 659.05 to 722.70 5.02% 1.32 times
15 Fri Sep 2023 670.20 656.00 to 698.80 -1.63% 0.68 times
14 Thu Sep 2023 681.30 623.80 to 728.00 11.34% 2.6 times
13 Wed Sep 2023 611.90 578.30 to 630.00 5.16% 0.34 times
12 Tue Sep 2023 581.85 549.85 to 669.35 -12.38% 0.89 times
11 Mon Sep 2023 664.05 660.00 to 683.00 -1.34% 0.29 times
08 Fri Sep 2023 673.05 656.00 to 690.00 1.39% 0.36 times
07 Thu Sep 2023 663.85 612.75 to 699.00 6.03% 1.42 times
06 Wed Sep 2023 626.10 595.00 to 649.90 4.81% 1.28 times
05 Tue Sep 2023 597.35 584.70 to 631.00 -3.65% 1.45 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, 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 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 694.4 as stoploss in an intra day sell trade for a target of 613.36. However, stock will show a bullish move above 694.4.

More indepth analysis on MunafaSutra.com