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Stock analysis Morarjee Textiles Limited MORARJEE

More indepth analysis on MunafaSutra.com

Moving Averages for Morarjee Textiles Limited

  • 5Day Average: 21.03
  • 12Day Average: 21.32
  • 20Day Average: 21.41
  • 50Day Average: 20.31
  • 100Day Average: 19.38
  • 150Day Average: 19.23
  • 200Day Average: 19.89

MORARJEE Indicators & signals

Indicator MACD (12,26,9)

21.19, 21.08, 0.29
Indicator MACD is in positive zone

Indicator ADX (14)

5.26, 18.69, 16.82
Indicator ADX is indicating that momentum is weak.
Indicator ADX is showing that momentum is towards buying

Indicator RSI (14)

Current RSI is: 62
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
04 Wed Oct 2023 20.70 20.60 to 21.20 -2.36% 0.91 times
03 Tue Oct 2023 21.20 21.05 to 21.60 0% 0.63 times
29 Fri Sep 2023 21.20 20.80 to 21.35 1.68% 0.62 times
28 Thu Sep 2023 20.85 20.80 to 21.40 -1.65% 0.8 times
27 Wed Sep 2023 21.20 21.10 to 21.45 0.24% 0.41 times
26 Tue Sep 2023 21.15 21.00 to 21.60 -0.7% 1.02 times
25 Mon Sep 2023 21.30 21.20 to 21.75 0.95% 0.51 times
22 Fri Sep 2023 21.10 21.00 to 22.00 -2.09% 0.85 times
21 Thu Sep 2023 21.55 21.25 to 22.40 -0.92% 0.98 times
20 Wed Sep 2023 21.75 21.60 to 22.50 -2.03% 0.8 times
18 Mon Sep 2023 22.20 21.55 to 22.70 2.78% 3.38 times
15 Fri Sep 2023 21.60 21.40 to 22.55 -2.26% 1.07 times

Technical analysis forecast for Morarjee Textiles 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 Morarjee Textiles Limited MORARJEE at this time. Stock is falling and might fall more.

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

Stock of Morarjee Textiles Limited (MORARJEE) 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 Morarjee Textiles Limited is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 20.5 as stoploss in an intra day buy trade for a target of 21.19. However, stock will show a bearish move below 20.5.

More indepth analysis on MunafaSutra.com