Stock analysis Modi Rubber MODIRUBBER

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Moving Averages for Modi Rubber

5Day Average: 105.07
12Day Average: 102.04
20Day Average: 95.31

MODIRUBBER Indicators & signals

Recent prices of MODIRUBBER Modi Rubber are as follows: Daily volume is divided by 10 day averaged volume

Date	Close	Range	Change %	Volume
22 Mon Apr 2024	104.35	98.60 to 105.60	3.73%	0.33 times
19 Fri Apr 2024	100.60	96.35 to 101.40	-0.79%	0.44 times
18 Thu Apr 2024	101.40	101.40 to 105.90	-4.97%	0.4 times
16 Tue Apr 2024	106.70	106.70 to 110.95	-4.99%	0.37 times
15 Mon Apr 2024	112.30	112.30 to 120.05	-4.99%	0.9 times
12 Fri Apr 2024	118.20	116.25 to 118.20	4.97%	0.96 times
10 Wed Apr 2024	112.60	98.10 to 113.20	9.37%	4.77 times
09 Tue Apr 2024	102.95	93.65 to 103.00	9.93%	1.29 times
08 Mon Apr 2024	93.65	93.00 to 102.30	0.7%	0.53 times
05 Fri Apr 2024	93.00	89.00 to 94.95	3.74%	0.24 times
04 Thu Apr 2024	89.65	89.05 to 92.25	0.67%	0.09 times
03 Wed Apr 2024	89.05	86.10 to 90.30	3.55%	0.13 times

Technical analysis forecast of Modi Rubber 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 Modi Rubber MODIRUBBER at this time. Stock is rising and might rise more.

It appears as if Modi Rubber MODIRUBBER gave a large move recently.

Stock of Modi Rubber (MODIRUBBER) 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 Modi Rubber is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 108.3 as stoploss in an intra day sell trade for a target of 97.41. However, stock will show a bullish move above 108.3.

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