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Stock analysis Narmada Agrobase Limited NARMADA

More indepth analysis on MunafaSutra.com

Moving Averages for Narmada Agrobase Limited

  • 5Day Average: 15.22
  • 12Day Average: 15.9
  • 20Day Average: 20.52
  • 50Day Average: 21.53
  • 100Day Average: 20.61
  • 150Day Average: 20.32
  • 200Day Average: 20.3

NARMADA Indicators & signals

Indicator MACD (12,26,9)

16.97, 19.31, -1.76
Indicator MACD is in negative zone

Indicator ADX (14)

24.75, 20.54, 34.05
Indicator ADX is indicating that momentum is weak.
Momentum is towards selling.

Indicator RSI (14)

Current RSI is: 42
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of NARMADA Narmada Agrobase Limited are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
24 Thu Oct 2024 15.16 14.60 to 15.47 1.07% 18.78 times
23 Wed Oct 2024 15.00 14.51 to 15.64 -0.27% 0.59 times
22 Tue Oct 2024 15.04 14.73 to 16.00 -3.03% 1.03 times
21 Mon Oct 2024 15.51 15.51 to 15.95 0.65% 1.62 times
18 Fri Oct 2024 15.41 14.65 to 15.79 1.31% 1.25 times
17 Thu Oct 2024 15.21 15.20 to 15.90 -4.94% 2.24 times
16 Wed Oct 2024 16.00 16.00 to 17.69 -5.04% 2.39 times
15 Tue Oct 2024 16.85 16.40 to 17.23 1.69% 0.27 times
14 Mon Oct 2024 16.57 16.51 to 16.99 0.49% 0.08 times
11 Fri Oct 2024 16.49 16.16 to 16.69 -0.48% 0.22 times
10 Thu Oct 2024 16.57 16.15 to 17.48 -2.59% 0.33 times
09 Wed Oct 2024 17.01 16.90 to 17.69 0.47% 0.34 times

Technical analysis forecast for Narmada Agrobase 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 Narmada Agrobase Limited NARMADA at this time. Stock is falling and might fall more.

It appears as if Narmada Agrobase Limited NARMADA gave a large move recently.

Stock of Narmada Agrobase Limited (NARMADA) 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 Narmada Agrobase Limited is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 11.9 as stoploss in an intra day buy trade for a target of 18.57. However, stock will show a bearish move below 11.9.

More indepth analysis on MunafaSutra.com