Stock analysis Mcnally Bharat Engineering Company Limited MBECL
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Recent prices of MBECL Mcnally Bharat Engineering Company Limited are as follows: Daily volume is divided by 10 day averaged volume
Date | Close | Range | Change % | Volume |
06 Mon May 2024 | 3.50 | 3.50 to 3.75 | -4.11% | 0.84 times |
03 Fri May 2024 | 3.65 | 3.65 to 3.95 | -5.19% | 1.15 times |
02 Thu May 2024 | 3.85 | 3.85 to 4.15 | -4.94% | 1.33 times |
30 Tue Apr 2024 | 4.05 | 4.05 to 4.45 | -4.71% | 1.12 times |
29 Mon Apr 2024 | 4.25 | 3.95 to 4.25 | 4.94% | 0.92 times |
26 Fri Apr 2024 | 4.05 | 4.05 to 4.30 | -4.71% | 2.77 times |
25 Thu Apr 2024 | 4.25 | 4.25 to 4.25 | -4.49% | 0.55 times |
24 Wed Apr 2024 | 4.45 | 4.45 to 4.80 | -4.3% | 0.56 times |
23 Tue Apr 2024 | 4.65 | 4.60 to 4.65 | 4.49% | 1.16 times |
22 Mon Apr 2024 | 4.45 | 4.15 to 4.45 | -72.62% | 0.44 times |
19 Fri Oct 2018 | 16.25 | 16.25 to 16.50 | -62.17% | 0.01 times |
08 Fri Jun 2018 | 42.95 | 42.00 to 44.90 | -0.12% | 0.03 times |
Technical analysis forecast for Mcnally Bharat Engineering Company 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 Mcnally Bharat Engineering Company Limited MBECL at this time. Stock is falling and might fall more.
It appears as if Mcnally Bharat Engineering Company Limited MBECL gave a large move recently.
Stock of Mcnally Bharat Engineering Company Limited (MBECL) 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 Mcnally Bharat Engineering Company Limited is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use -1.5 as stoploss in an intra day buy trade for a target of 18.43. However, stock will show a bearish move below -1.5.