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Stock analysis Menon Bearings Limited MENONBE

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Moving Averages for Menon Bearings Limited

  • 5Day Average: 137.2
  • 12Day Average: 137.57
  • 20Day Average: 136.17
  • 50Day Average: 128.42
  • 100Day Average: 127.31
  • 150Day Average: 131.09
  • 200Day Average: 133.91

MENONBE Indicators & signals

Indicator MACD (12,26,9)

136.68, 133.98, 3.29
Indicator MACD is in positive zone

Indicator ADX (14)

4.8, 20.83, 18.92
Indicator ADX is indicating that momentum is weak.
Indicator ADX is showing that momentum is towards buying

Indicator RSI (14)

Current RSI is: 58
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of MENONBE Menon Bearings Limited are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
12 Fri Jul 2024 135.83 135.75 to 140.00 -0.64% 0.65 times
11 Thu Jul 2024 136.70 135.90 to 139.50 -1.53% 0.71 times
10 Wed Jul 2024 138.82 132.50 to 142.00 0.63% 2.65 times
09 Tue Jul 2024 137.95 136.72 to 138.54 0.9% 0.42 times
08 Mon Jul 2024 136.72 135.50 to 139.97 -0.52% 0.52 times
05 Fri Jul 2024 137.43 134.20 to 139.99 2.95% 1.29 times
04 Thu Jul 2024 133.49 133.00 to 139.05 -3.04% 1.33 times
03 Wed Jul 2024 137.68 136.90 to 139.00 0.48% 0.39 times
02 Tue Jul 2024 137.02 136.35 to 140.89 -1.76% 0.81 times
01 Mon Jul 2024 139.48 137.68 to 142.50 -0.53% 0.93 times
28 Fri Jun 2024 140.22 139.47 to 144.67 0.54% 0.95 times
27 Thu Jun 2024 139.47 136.70 to 148.84 -4.99% 1.45 times

Technical analysis forecast of Menon Bearings Limited Stock is that its in a uptrend for shortterm, and I will avoid taking a SHORT or SELL trade in this stock. Look for opportunities to BUY or go LONG in Menon Bearings Limited MENONBE at this time. Stock is rising and might rise more.

It appears as if Menon Bearings Limited MENONBE gave a large move recently.

Stock of Menon Bearings Limited (MENONBE) is trading above an important moving average line, and it has been above this line for quite some time now. This is a good sign, and the stock might keep rising and move higher!

My analysis of Menon Bearings Limited is bullish for shortterm, and stock might move up till 142 or till 150.3. Use a stoploss of 135.14 and if this stock hits its stoploss, then it can fall down till 128.26

More indepth analysis on MunafaSutra.com