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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: 316.35
  • 12Day Average: 327.58
  • 20Day Average: 329.13
  • 50Day Average: 363.56
  • 100Day Average: 408.94
  • 150Day Average: 420.37
  • 200Day Average: 418.11

MIDHANI Indicators & signals

Indicator MACD (12,26,9)

325.65, 339.02, -13.74
Indicator MACD is in negative zone

Indicator ADX (14)

14.41, 21.19, 28.32
Indicator ADX is indicating that momentum is weak.
Momentum is towards selling.

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
19 Tue Nov 2024 318.50 316.60 to 325.70 -0.22% 0.53 times
18 Mon Nov 2024 319.20 315.60 to 326.00 -0.34% 0.52 times
14 Thu Nov 2024 320.30 316.80 to 341.20 4.54% 6.7 times
13 Wed Nov 2024 306.40 304.80 to 318.05 -3.45% 0.37 times
12 Tue Nov 2024 317.35 315.65 to 329.05 -2.53% 0.25 times
11 Mon Nov 2024 325.60 324.55 to 332.75 -2.19% 0.23 times
08 Fri Nov 2024 332.90 331.75 to 342.00 -2.39% 0.29 times
07 Thu Nov 2024 341.05 340.00 to 350.95 -2.03% 0.28 times
06 Wed Nov 2024 348.10 331.40 to 349.90 5.39% 0.58 times
05 Tue Nov 2024 330.30 324.35 to 334.55 -0.35% 0.38 times
04 Mon Nov 2024 331.45 325.20 to 342.00 -2.44% 0.38 times
01 Fri Nov 2024 339.75 335.85 to 346.15 1.9% 0.14 times

Technical analysis forecast for Mishra Dhatu Nigam Ltd 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 Mishra Dhatu Nigam Ltd MIDHANI at this time. Stock is falling and might fall more.

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

Stock of Mishra Dhatu Nigam Ltd (MIDHANI) 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 Mishra Dhatu Nigam Ltd is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if Mishra Dhatu Nigam Ltd stays below 323.3, but if it comes above 323.3, then a intra day buy could be more profitable.
If you take a sell trade below 323.3, then use 323.3 as stoploss and 311.3 as target. However if you take a buy trade in Mishra Dhatu Nigam Ltd, then use 323.3 as stoploss and 333.28 as target.

More indepth analysis on MunafaSutra.com