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Stock analysis Muthoot Microfin Limited MUTHOOTMF

More indepth analysis on MunafaSutra.com

Moving Averages for Muthoot Microfin Limited

  • 5Day Average: 235.57
  • 12Day Average: 235.67
  • 20Day Average: 233.4
  • 50Day Average: 225.96

MUTHOOTMF Indicators & signals

Indicator MACD (12,26,9)

234.68, 230.48, 3.97
Indicator MACD is in positive zone

Indicator ADX (14)

22.77, 24.97, 15.7
Indicator ADX is indicating that momentum is weak.
Indicator ADX is showing that momentum is towards buying

Indicator RSI (14)

Current RSI is: 51
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of MUTHOOTMF Muthoot Microfin Limited are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
30 Tue Apr 2024 239.45 234.15 to 241.40 2.57% 1.85 times
29 Mon Apr 2024 233.45 232.95 to 238.60 -0.34% 0.84 times
26 Fri Apr 2024 234.25 233.55 to 237.00 -0.32% 0.59 times
25 Thu Apr 2024 235.00 233.00 to 238.90 -0.3% 0.72 times
24 Wed Apr 2024 235.70 231.05 to 244.00 -2.34% 1.7 times
23 Tue Apr 2024 241.35 237.45 to 241.95 0.73% 1.01 times
22 Mon Apr 2024 239.60 235.60 to 241.35 0.82% 0.97 times
19 Fri Apr 2024 237.65 232.05 to 241.05 1.02% 1.08 times
18 Thu Apr 2024 235.25 231.85 to 239.20 1.88% 1.25 times
16 Tue Apr 2024 230.90 227.15 to 231.75 0.61% 0.78 times
15 Mon Apr 2024 229.50 224.15 to 231.00 -2.71% 1.07 times
12 Fri Apr 2024 235.90 231.70 to 238.20 0.88% 0.75 times

Technical analysis forecast of Muthoot Microfin 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 Muthoot Microfin Limited MUTHOOTMF at this time. Stock is rising and might rise more.

It appears as if Muthoot Microfin Limited MUTHOOTMF gave a large move recently.

Stock of Muthoot Microfin Limited (MUTHOOTMF) 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 Muthoot Microfin Limited is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if Muthoot Microfin Limited stays above 238.3, but if it comes below 238.3, then a intra day sell could be more profitable.
If you take a sell trade below 238.3, then use 238.3 as stoploss and 231.83 as target. However if you take a buy trade in Muthoot Microfin Limited, then use 238.3 as stoploss and 246 as target.

More indepth analysis on MunafaSutra.com