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Stock analysis Manali Petrochemicals Limited MANALIPETC

More indepth analysis on MunafaSutra.com

Moving Averages for Manali Petrochemicals Limited

  • 5Day Average: 62.37
  • 12Day Average: 65.71
  • 20Day Average: 66.56
  • 50Day Average: 74.88
  • 100Day Average: 84.49
  • 150Day Average: 83.74
  • 200Day Average: 80.02

MANALIPETC Indicators & signals

Indicator MACD (12,26,9)

64.92, 68.45, -3.38
Indicator MACD is in negative zone

Indicator ADX (14)

41.59, 10.54, 25.56
Indicator ADX is indicating that momentum is weak.
Momentum is towards selling.

Indicator RSI (14)

Current RSI is: 44
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of MANALIPETC Manali Petrochemicals Limited are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
19 Tue Nov 2024 61.62 61.00 to 64.00 -1.04% 0.74 times
18 Mon Nov 2024 62.27 61.10 to 65.00 -1.5% 0.54 times
14 Thu Nov 2024 63.22 61.76 to 63.99 1.8% 0.64 times
13 Wed Nov 2024 62.10 61.01 to 63.38 -0.83% 1.04 times
12 Tue Nov 2024 62.62 61.84 to 66.59 -5.08% 1 times
11 Mon Nov 2024 65.97 65.05 to 68.00 -0.89% 0.67 times
08 Fri Nov 2024 66.56 66.00 to 67.24 -0.43% 0.4 times
07 Thu Nov 2024 66.85 66.50 to 68.79 0.15% 0.91 times
06 Wed Nov 2024 66.75 65.67 to 68.74 0.18% 2.13 times
05 Tue Nov 2024 66.63 65.60 to 69.00 -6.63% 2.35 times
04 Mon Nov 2024 71.36 70.36 to 73.38 -1.67% 0.32 times
01 Fri Nov 2024 72.57 70.51 to 73.00 1.21% 0.19 times

Technical analysis forecast for Manali Petrochemicals 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 Manali Petrochemicals Limited MANALIPETC at this time. Stock is falling and might fall more.

It appears as if Manali Petrochemicals Limited MANALIPETC gave a large move recently.

Stock of Manali Petrochemicals Limited (MANALIPETC) is trading below an important moving average line, and it has been below this line for quite some time now. This is not a good sign, stock might keep falling and stock might move lower...

My analysis of Manali Petrochemicals Limited is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if Manali Petrochemicals Limited stays below 63.8, but if it comes above 63.8, then a intra day buy could be more profitable.
If you take a sell trade below 63.8, then use 63.8 as stoploss and 60 as target. However if you take a buy trade in Manali Petrochemicals Limited, then use 63.8 as stoploss and 66.98 as target.

More indepth analysis on MunafaSutra.com