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Stock analysis Narmada Agrobase Limited NARMADA

More indepth analysis on MunafaSutra.com

Moving Averages for Narmada Agrobase Limited

  • 5Day Average: 31.2
  • 12Day Average: 26.53
  • 20Day Average: 25.01
  • 50Day Average: 22.85
  • 100Day Average: 21.08
  • 150Day Average: 20.69
  • 200Day Average: 20.65

NARMADA Indicators & signals

Indicator MACD (12,26,9)

27.75, 25.36, 1.46
Indicator MACD is in positive zone

Indicator ADX (14)

54.29, 36, 10.67
Indicator ADX is indicating that momentum is still strong.
Indicator ADX is showing that momentum is towards buying

Indicator RSI (14)

Current RSI is: 67
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
05 Mon Feb 2024 30.20 29.50 to 33.25 -7.5% 0.26 times
02 Fri Feb 2024 32.65 31.55 to 34.95 -2.83% 0.46 times
01 Thu Feb 2024 33.60 30.25 to 34.70 4.02% 1.81 times
31 Wed Jan 2024 32.30 29.35 to 32.70 18.53% 5.56 times
30 Tue Jan 2024 27.25 22.70 to 27.50 18.74% 1.17 times
29 Mon Jan 2024 22.95 22.65 to 24.20 -2.96% 0.11 times
25 Thu Jan 2024 23.65 23.05 to 24.30 -1.05% 0.06 times
24 Wed Jan 2024 23.90 23.10 to 24.75 0% 0.17 times
23 Tue Jan 2024 23.90 22.40 to 24.95 5.75% 0.55 times
22 Mon Jan 2024 22.60 22.35 to 23.55 -1.31% 0.03 times
19 Fri Jan 2024 22.90 22.45 to 23.40 1.78% 0.08 times
18 Thu Jan 2024 22.50 21.75 to 23.20 0.9% 0.04 times

Technical analysis forecast of Narmada Agrobase 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 Narmada Agrobase Limited NARMADA at this time. Stock is rising and might rise more.

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

Stock of Narmada Agrobase Limited (NARMADA) 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 Narmada Agrobase Limited is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if Narmada Agrobase Limited stays above 29.9, but if it comes below 29.9, then a intra day sell could be more profitable.
If you take a sell trade below 29.9, then use 29.9 as stoploss and 26.14 as target. However if you take a buy trade in Narmada Agrobase Limited, then use 29.9 as stoploss and 34.4 as target.

More indepth analysis on MunafaSutra.com