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Stock analysis Manali Petrochemicals Limited MANALIPETC

More indepth analysis on MunafaSutra.com

Moving Averages for Manali Petrochemicals Limited

  • 5Day Average: 57.99
  • 12Day Average: 59.01
  • 20Day Average: 62.57
  • 50Day Average: 70.6
  • 100Day Average: 71.34
  • 150Day Average: 69.91
  • 200Day Average: 68.87

MANALIPETC Indicators & signals

Indicator MACD (12,26,9)

59.69, 63.65, -3.78
Indicator MACD is in negative zone

Indicator ADX (14)

66.36, 6.77, 33.46
Indicator ADX is indicating that momentum is still strong.
Momentum is towards selling.

Indicator RSI (14)

Current RSI is: 47
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
28 Thu Mar 2024 56.20 55.95 to 58.35 -1.14% 1.54 times
27 Wed Mar 2024 56.85 56.20 to 59.70 -1.98% 1.93 times
26 Tue Mar 2024 58.00 57.85 to 60.00 -2.6% 1.21 times
22 Fri Mar 2024 59.55 59.25 to 60.55 0.34% 1.08 times
21 Thu Mar 2024 59.35 58.45 to 60.30 2.24% 0.77 times
20 Wed Mar 2024 58.05 58.00 to 59.85 -1.61% 0.52 times
19 Tue Mar 2024 59.00 58.80 to 60.45 -1.67% 0.53 times
18 Mon Mar 2024 60.00 59.75 to 61.95 -1.72% 0.63 times
15 Fri Mar 2024 61.05 59.40 to 61.60 1.24% 0.73 times
14 Thu Mar 2024 60.30 57.70 to 61.10 4.15% 0.94 times
13 Wed Mar 2024 57.90 57.10 to 63.05 -6.46% 1.67 times
12 Tue Mar 2024 61.90 61.10 to 64.45 -3.66% 1.05 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 57.4, but if it comes above 57.4, then a intra day buy could be more profitable.
If you take a sell trade below 57.4, then use 57.4 as stoploss and 51.8 as target. However if you take a buy trade in Manali Petrochemicals Limited, then use 57.4 as stoploss and 62.11 as target.

More indepth analysis on MunafaSutra.com