Stock analysis Menon Bearings Limited MENONBE
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Recent prices of MENONBE Menon Bearings Limited are as follows: Daily volume is divided by 10 day averaged volume
| Date | Close | Range | Change % | Volume |
| 30 Mon Dec 2024 | 118.23 | 117.00 to 121.10 | -2.06% | 0.31 times |
| 27 Fri Dec 2024 | 120.72 | 116.90 to 122.00 | 2.71% | 0.58 times |
| 26 Thu Dec 2024 | 117.53 | 116.01 to 119.21 | 0.49% | 0.51 times |
| 24 Tue Dec 2024 | 116.96 | 116.01 to 120.00 | -1.74% | 0.93 times |
| 23 Mon Dec 2024 | 119.03 | 118.10 to 125.35 | -4.41% | 0.89 times |
| 20 Fri Dec 2024 | 124.52 | 123.51 to 130.25 | -3.22% | 1.07 times |
| 19 Thu Dec 2024 | 128.66 | 123.35 to 130.50 | 1.51% | 1.13 times |
| 18 Wed Dec 2024 | 126.75 | 126.00 to 130.80 | 0% | 0.75 times |
| 18 Wed Dec 2024 | 126.75 | 126.00 to 130.80 | -1.08% | 0.75 times |
| 17 Tue Dec 2024 | 128.13 | 123.92 to 131.49 | 1.75% | 2.88 times |
| 16 Mon Dec 2024 | 125.93 | 124.00 to 128.00 | 1.32% | 0.51 times |
| 13 Fri Dec 2024 | 124.29 | 123.40 to 125.36 | -1.26% | 0.24 times |
Technical analysis forecast for Menon Bearings 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 Menon Bearings Limited MENONBE at this time. Stock is falling and might fall more.
It appears as if Menon Bearings Limited MENONBE gave a large move recently.
Stock of Menon Bearings Limited (MENONBE) 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 Menon Bearings Limited is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if Menon Bearings Limited stays below 119.2, but if it comes above 119.2, then a intra day buy could be more profitable.
If you take a sell trade below 119.2, then use 119.2 as stoploss and 115 as target. However if you take a buy trade in Menon Bearings Limited, then use 119.2 as stoploss and 122.66 as target.