Homepage Active Options Active Stocks

Stock analysis Nahar Spinning Mills Limited NAHARSPING

More indepth analysis on MunafaSutra.com

Moving Averages for Nahar Spinning Mills Limited

  • 5Day Average: 287.88
  • 12Day Average: 286.79
  • 20Day Average: 289.63
  • 50Day Average: 295
  • 100Day Average: 296.29
  • 150Day Average: 288.74
  • 200Day Average: 282.52

NAHARSPING Indicators & signals

Indicator MACD (12,26,9)

287.38, 288.8, -1.77
Indicator MACD is in negative zone

Indicator ADX (14)

16.06, 14.01, 19.38
Indicator ADX is indicating that momentum is weak.
Momentum is towards selling.

Indicator RSI (14)

Current RSI is: 54
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
30 Tue Apr 2024 285.25 285.00 to 293.50 -0.75% 1.11 times
29 Mon Apr 2024 287.40 285.00 to 293.00 0.56% 0.84 times
26 Fri Apr 2024 285.80 284.25 to 292.00 -1.63% 0.76 times
25 Thu Apr 2024 290.55 283.80 to 296.15 0.05% 1.1 times
24 Wed Apr 2024 290.40 288.65 to 295.40 -0.53% 0.52 times
23 Tue Apr 2024 291.95 283.20 to 295.95 2.53% 1.14 times
22 Mon Apr 2024 284.75 281.05 to 288.00 1.7% 0.78 times
19 Fri Apr 2024 280.00 272.50 to 287.00 -0.87% 1.19 times
18 Thu Apr 2024 282.45 280.70 to 293.70 -1.07% 1.22 times
16 Tue Apr 2024 285.50 283.35 to 291.80 0.58% 1.04 times
15 Mon Apr 2024 283.85 275.10 to 290.05 -3.3% 1.41 times
12 Fri Apr 2024 293.55 289.60 to 299.40 -0.53% 1.06 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 stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 283 as stoploss in an intra day buy trade for a target of 288. However, stock will show a bearish move below 283.

More indepth analysis on MunafaSutra.com