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Stock analysis Minda Corporation Limited MINDACORP

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Moving Averages for Minda Corporation Limited

  • 5Day Average: 515.2
  • 12Day Average: 525.18
  • 20Day Average: 514.82
  • 50Day Average: 512.87
  • 100Day Average: 536.43
  • 150Day Average: 514.21
  • 200Day Average: 488.16

MINDACORP Indicators & signals

Indicator MACD (12,26,9)

517.74, 515.59, 2.75
Indicator MACD is in positive zone

Indicator ADX (14)

10.97, 15.32, 19.1
Indicator ADX is indicating that momentum is weak.
Momentum is towards selling.

Indicator RSI (14)

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

Recent prices of MINDACORP Minda Corporation Limited are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
20 Fri Dec 2024 508.20 505.50 to 520.80 -2.02% 0.7 times
19 Thu Dec 2024 518.70 504.40 to 520.80 0.52% 0.54 times
18 Wed Dec 2024 516.00 509.05 to 526.30 0% 0.43 times
18 Wed Dec 2024 516.00 509.05 to 526.30 -0.21% 0.43 times
17 Tue Dec 2024 517.10 515.55 to 532.00 -1.34% 0.34 times
16 Mon Dec 2024 524.10 521.95 to 535.00 -0.76% 0.43 times
13 Fri Dec 2024 528.10 521.00 to 537.50 -1.84% 0.44 times
12 Thu Dec 2024 538.00 532.15 to 549.00 -1.68% 0.85 times
11 Wed Dec 2024 547.20 541.10 to 552.00 0.95% 1.89 times
10 Tue Dec 2024 542.05 512.00 to 548.45 4.25% 3.61 times
09 Mon Dec 2024 519.95 515.30 to 535.50 -1.28% 1.05 times
06 Fri Dec 2024 526.70 499.70 to 536.00 5.18% 3.5 times

Technical analysis forecast for Minda Corporation 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 Minda Corporation Limited MINDACORP at this time. Stock is falling and might fall more.

It appears as if Minda Corporation Limited MINDACORP gave a large move recently.

Stock of Minda Corporation Limited (MINDACORP) is trading below an important moving average line, but it crossed this line recently, which means that it could show a small or a large recovery soon enough depending on its trend.

My analysis of Minda Corporation Limited is bearish for shortterm, and stock might move down till 500 or till 480.8. Use a stoploss of 516.01 and if the stock hits stoploss, then it can shoot up till 532.01

More indepth analysis on MunafaSutra.com