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Stock analysis Mishra Dhatu Nigam Ltd MIDHANI

More indepth analysis on MunafaSutra.com

Moving Averages for Mishra Dhatu Nigam Ltd

  • 5Day Average: 439.75
  • 12Day Average: 427.76
  • 20Day Average: 423.48
  • 50Day Average: 409.69
  • 100Day Average: 420.43
  • 150Day Average: 412.81
  • 200Day Average: 402.25

MIDHANI Indicators & signals

Indicator MACD (12,26,9)

429.26, 419.99, 6.85
Indicator MACD is in positive zone

Indicator ADX (14)

16.19, 24.04, 17.34
Indicator ADX is indicating that momentum is weak.
Indicator ADX is showing that momentum is towards buying

Indicator RSI (14)

Current RSI is: 54
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of MIDHANI Mishra Dhatu Nigam Ltd are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
30 Tue Apr 2024 438.95 429.05 to 446.65 1.6% 0.86 times
29 Mon Apr 2024 432.05 427.95 to 445.30 -2.18% 0.52 times
26 Fri Apr 2024 441.70 438.40 to 449.00 -0.41% 0.61 times
25 Thu Apr 2024 443.50 438.30 to 452.40 0.21% 0.84 times
24 Wed Apr 2024 442.55 441.00 to 453.00 1.44% 2.18 times
23 Tue Apr 2024 436.25 416.60 to 441.00 4.62% 2.52 times
22 Mon Apr 2024 417.00 412.05 to 420.50 1.39% 0.38 times
19 Fri Apr 2024 411.30 402.85 to 416.70 -0.17% 0.62 times
18 Thu Apr 2024 412.00 408.35 to 431.85 -1.56% 0.79 times
16 Tue Apr 2024 418.55 410.15 to 425.85 0.65% 0.46 times
15 Mon Apr 2024 415.85 400.80 to 428.00 -1.79% 1.08 times
12 Fri Apr 2024 423.45 421.05 to 434.65 -1.31% 0.62 times

Technical analysis forecast of Mishra Dhatu Nigam Ltd 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 Mishra Dhatu Nigam Ltd MIDHANI at this time. Stock is rising and might rise more.

It appears as if Mishra Dhatu Nigam Ltd MIDHANI gave a large move recently.

Stock of Mishra Dhatu Nigam Ltd (MIDHANI) 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 Mishra Dhatu Nigam Ltd is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if Mishra Dhatu Nigam Ltd stays above 434, but if it comes below 434, then a intra day sell could be more profitable.
If you take a sell trade below 434, then use 434 as stoploss and 422.75 as target. However if you take a buy trade in Mishra Dhatu Nigam Ltd, then use 434 as stoploss and 447.5 as target.

More indepth analysis on MunafaSutra.com