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Stock analysis Manappuram Finance Limited MANAPPURAM

More indepth analysis on MunafaSutra.com

Moving Averages for Manappuram Finance Limited

  • 5Day Average: 196.4
  • 12Day Average: 201.94
  • 20Day Average: 204.04
  • 50Day Average: 207.55
  • 100Day Average: 201.33
  • 150Day Average: 195.11
  • 200Day Average: 190.75

MANAPPURAM Indicators & signals

Indicator MACD (12,26,9)

200.11, 204.1, -2.19
Indicator MACD is in negative zone

Indicator ADX (14)

46.02, 12.19, 32.97
Indicator ADX is indicating that momentum is weak.
Momentum is towards selling.

Indicator RSI (14)

Current RSI is: 49
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of MANAPPURAM Manappuram Finance Limited are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
04 Fri Oct 2024 189.30 188.40 to 194.51 -1.01% 1.23 times
03 Thu Oct 2024 191.23 190.26 to 196.45 -3.16% 1.37 times
01 Tue Oct 2024 197.47 194.41 to 198.59 -1.93% 1.77 times
30 Mon Sep 2024 201.35 200.34 to 204.20 -0.64% 0.43 times
27 Fri Sep 2024 202.64 202.16 to 206.25 -0.52% 0.58 times
26 Thu Sep 2024 203.69 194.00 to 204.35 0.88% 1.54 times
25 Wed Sep 2024 201.92 201.15 to 206.30 -1.35% 1.18 times
24 Tue Sep 2024 204.68 203.50 to 210.80 -1.85% 0.64 times
23 Mon Sep 2024 208.54 203.23 to 209.50 1.49% 0.6 times
20 Fri Sep 2024 205.48 199.00 to 207.61 -0.65% 1.02 times
19 Thu Sep 2024 206.83 202.01 to 213.25 -1.6% 0.87 times
18 Wed Sep 2024 210.19 208.46 to 212.14 -0.31% 0.48 times

Technical analysis forecast for Manappuram Finance 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 Manappuram Finance Limited MANAPPURAM at this time. Stock is falling and might fall more.

It appears as if Manappuram Finance Limited MANAPPURAM gave a large move recently.

Stock of Manappuram Finance Limited (MANAPPURAM) 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...

Although my analysis for Manappuram Finance Limited is bearish for shortterm, but stock is in heavy over sold zones and there are high chances of some recovery tomorrow. You might want to buy the stock tomorrow in intra day with a stoploss of 189.8, for a target of 196.9 or 202.89

More indepth analysis on MunafaSutra.com