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Stock analysis Nahar Spinning Mills Limited NAHARSPING

More indepth analysis on MunafaSutra.com

Moving Averages for Nahar Spinning Mills Limited

  • 5Day Average: 284.87
  • 12Day Average: 289.98
  • 20Day Average: 281.86
  • 50Day Average: 270.83
  • 100Day Average: 290.58
  • 150Day Average: 293.81
  • 200Day Average: 290.09

NAHARSPING Indicators & signals

Indicator MACD (12,26,9)

284.01, 279.54, 6.4
Indicator MACD is in positive zone

Indicator ADX (14)

7.06, 20.04, 23.09
Indicator ADX is indicating that momentum is weak.
Momentum is towards selling.

Indicator RSI (14)

Current RSI is: 46
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of NAHARSPING Nahar Spinning Mills Limited are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
26 Thu Dec 2024 266.25 262.45 to 282.00 -4.11% 0.75 times
24 Tue Dec 2024 277.65 274.35 to 289.40 -2.78% 0.43 times
23 Mon Dec 2024 285.60 284.55 to 294.15 -1.3% 0.31 times
20 Fri Dec 2024 289.35 286.80 to 306.00 -5.29% 0.74 times
19 Thu Dec 2024 305.50 292.55 to 310.95 2.21% 1.35 times
18 Wed Dec 2024 298.90 297.00 to 311.40 0% 0.93 times
18 Wed Dec 2024 298.90 297.00 to 311.40 -2.38% 0.93 times
17 Tue Dec 2024 306.20 299.80 to 316.00 3.13% 2.78 times
16 Mon Dec 2024 296.90 283.25 to 303.80 4.82% 1.69 times
13 Fri Dec 2024 283.25 274.30 to 284.95 0.73% 0.42 times
12 Thu Dec 2024 281.20 280.35 to 291.35 -3.03% 0.42 times
11 Wed Dec 2024 290.00 280.00 to 292.85 2.18% 0.9 times

Technical analysis forecast for Nahar Spinning Mills 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 Nahar Spinning Mills Limited NAHARSPING at this time. Stock is falling and might fall more.

It appears as if Nahar Spinning Mills Limited NAHARSPING gave a large move recently.

Stock of Nahar Spinning Mills Limited (NAHARSPING) 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 Nahar Spinning Mills Limited is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if Nahar Spinning Mills Limited stays below 267.1, but if it comes above 267.1, then a intra day buy could be more profitable.
If you take a sell trade below 267.1, then use 267.1 as stoploss and 250 as target. However if you take a buy trade in Nahar Spinning Mills Limited, then use 267.1 as stoploss and 281.27 as target.

More indepth analysis on MunafaSutra.com