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Stock analysis Morarjee Textiles Limited MORARJEE

More indepth analysis on MunafaSutra.com

Moving Averages for Morarjee Textiles Limited

  • 5Day Average: 27.67
  • 12Day Average: 27.65
  • 20Day Average: 27.03
  • 50Day Average: 25.07
  • 100Day Average: 23.79
  • 150Day Average: 22.21
  • 200Day Average: 21.36

MORARJEE Indicators & signals

Indicator MACD (12,26,9)

27.67, 26.59, 0.96
Indicator MACD is in positive zone

Indicator ADX (14)

37.88, 40.27, 18.14
Indicator ADX is indicating that momentum is weak.
Indicator ADX is showing that momentum is towards buying

Indicator RSI (14)

Current RSI is: 60
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of MORARJEE Morarjee Textiles Limited are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
30 Tue Jan 2024 30.50 28.30 to 32.00 9.32% 3.46 times
29 Mon Jan 2024 27.90 26.75 to 28.75 -0.36% 0.68 times
25 Thu Jan 2024 28.00 26.20 to 28.85 7.07% 0.93 times
24 Wed Jan 2024 26.15 25.05 to 26.30 1.36% 0.52 times
23 Tue Jan 2024 25.80 25.55 to 27.95 -9.95% 0.88 times
22 Mon Jan 2024 28.65 28.10 to 30.50 -4.82% 1.3 times
19 Fri Jan 2024 30.10 25.55 to 30.35 18.97% 4 times
18 Thu Jan 2024 25.30 24.50 to 26.55 -0.98% 0.49 times
17 Wed Jan 2024 25.55 25.10 to 27.00 -3.4% 0.39 times
16 Tue Jan 2024 26.45 26.00 to 28.45 -6.54% 0.47 times
15 Mon Jan 2024 28.30 28.05 to 29.20 -2.58% 0.35 times
12 Fri Jan 2024 29.05 28.55 to 30.50 0.35% 0.92 times

Technical analysis forecast of Morarjee Textiles Limited 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 Morarjee Textiles Limited MORARJEE at this time. Stock is rising and might rise more.

It appears as if Morarjee Textiles Limited MORARJEE gave a large move recently.

Stock of Morarjee Textiles Limited (MORARJEE) is trading above an important moving average line, but it crossed this line recently, which means that it could show a small or a large fall soon enough depending on its trend.

My analysis of Morarjee Textiles Limited is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if Morarjee Textiles Limited stays above 29.3, but if it comes below 29.3, then a intra day sell could be more profitable.
If you take a sell trade below 29.3, then use 29.3 as stoploss and 27 as target. However if you take a buy trade in Morarjee Textiles Limited, then use 29.3 as stoploss and 32.1 as target.

More indepth analysis on MunafaSutra.com