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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: 856.35
  • 12Day Average: 868.87
  • 20Day Average: 864.84
  • 50Day Average: 814.16
  • 100Day Average: 759.59
  • 150Day Average: 704.08
  • 200Day Average: 692.47

MAGADSUGAR Indicators & signals

Indicator MACD (12,26,9)

861.28, 846.72, 19.13
Indicator MACD is in positive zone

Indicator ADX (14)

10.1, 21.98, 17.95
Indicator ADX is indicating that momentum is weak.
Indicator ADX is showing that momentum is towards buying

Indicator RSI (14)

Current RSI is: 52
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
17 Tue Sep 2024 870.05 853.45 to 875.15 -0.33% 0.37 times
16 Mon Sep 2024 872.95 850.40 to 877.00 3.06% 0.84 times
13 Fri Sep 2024 847.05 844.20 to 857.65 -0.44% 0.21 times
12 Thu Sep 2024 850.80 831.10 to 864.30 1.18% 0.63 times
11 Wed Sep 2024 840.90 838.00 to 883.30 -2.6% 0.47 times
10 Tue Sep 2024 863.35 857.00 to 876.80 0.11% 0.46 times
09 Mon Sep 2024 862.40 814.00 to 880.00 2.81% 1.26 times
06 Fri Sep 2024 838.80 832.70 to 875.60 -2.98% 0.88 times
05 Thu Sep 2024 864.60 861.00 to 908.35 -3.44% 1.03 times
04 Wed Sep 2024 895.40 888.50 to 918.00 -1.03% 1.07 times
03 Tue Sep 2024 904.70 900.05 to 922.00 -1.17% 3.13 times
02 Mon Sep 2024 915.45 880.05 to 929.95 1.28% 2.8 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 880 as stoploss in an intra day sell trade for a target of 853.86. However, stock will show a bullish move above 880.

More indepth analysis on MunafaSutra.com