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Stock analysis Mangalam Cement Limited MANGLMCEM

More indepth analysis on MunafaSutra.com

Moving Averages for Mangalam Cement Limited

  • 5Day Average: 886.73
  • 12Day Average: 892.95
  • 20Day Average: 889.03
  • 50Day Average: 879.3
  • 100Day Average: 819.82
  • 150Day Average: 765.42
  • 200Day Average: 675.12

MANGLMCEM Indicators & signals

Indicator MACD (12,26,9)

888.93, 883.69, 6.88
Indicator MACD is in positive zone

Indicator ADX (14)

3.7, 20.31, 18.86
Indicator ADX is indicating that momentum is weak.
Indicator ADX is showing that momentum is towards buying

Indicator RSI (14)

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

Recent prices of MANGLMCEM Mangalam Cement Limited are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
12 Fri Jul 2024 885.10 876.05 to 894.40 -0.18% 0.5 times
11 Thu Jul 2024 886.70 871.25 to 890.75 0.72% 0.31 times
10 Wed Jul 2024 880.35 844.55 to 900.25 -0.22% 1.04 times
09 Tue Jul 2024 882.30 876.15 to 910.45 -1.88% 0.28 times
08 Mon Jul 2024 899.20 885.40 to 915.00 -1.99% 0.53 times
05 Fri Jul 2024 917.45 902.00 to 948.00 0.04% 1.73 times
04 Thu Jul 2024 917.05 893.60 to 918.00 2.65% 1.55 times
03 Wed Jul 2024 893.40 883.75 to 914.00 0.27% 0.69 times
02 Tue Jul 2024 890.95 879.50 to 898.35 0.17% 0.51 times
01 Mon Jul 2024 889.45 858.45 to 905.00 1.8% 1.62 times
28 Fri Jun 2024 873.75 866.15 to 922.00 -2.89% 1.74 times
27 Thu Jun 2024 899.75 873.05 to 915.00 3.58% 2.63 times

Technical analysis forecast for Mangalam Cement 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 Mangalam Cement Limited MANGLMCEM at this time. Stock is falling and might fall more.

It appears as if Mangalam Cement Limited MANGLMCEM gave a large move recently.

Stock of Mangalam Cement Limited (MANGLMCEM) is trading below an important moving average line, but it crossed this line recently, which means that it could show a small or a large recovery soon enough depending on its trend.

My analysis of Mangalam Cement Limited is bearish for shortterm, and stock might move down till 869.4 or till 849.1. Use a stoploss of 886.31 and if the stock hits stoploss, then it can shoot up till 903.21

More indepth analysis on MunafaSutra.com