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Stock analysis Nandan Denim Limited NDL

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Moving Averages for Nandan Denim Limited

  • 5Day Average: 38.71
  • 12Day Average: 38.6
  • 20Day Average: 39.8
  • 50Day Average: 37.65
  • 100Day Average: 33.61
  • 150Day Average: 29.98
  • 200Day Average: 27.41

NDL Indicators & signals

Indicator MACD (12,26,9)

38.98, 38.9, 0.28
Indicator MACD is in positive zone

Indicator ADX (14)

18.45, 24.9, 17.14
Indicator ADX is indicating that momentum is weak.
Indicator ADX is showing that momentum is towards buying

Indicator RSI (14)

Current RSI is: 65
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of NDL Nandan Denim Limited are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
17 Fri May 2024 39.25 38.30 to 40.00 -0.88% 1.11 times
16 Thu May 2024 39.60 38.80 to 40.60 0.25% 0.49 times
15 Wed May 2024 39.50 37.60 to 41.20 5.19% 1.11 times
14 Tue May 2024 37.55 37.35 to 38.85 -0.27% 0.27 times
13 Mon May 2024 37.65 36.40 to 38.35 -0.66% 0.19 times
10 Fri May 2024 37.90 37.65 to 39.45 0.4% 0.38 times
09 Thu May 2024 37.75 37.05 to 39.35 -2.96% 0.31 times
08 Wed May 2024 38.90 38.50 to 40.50 -1.14% 0.9 times
07 Tue May 2024 39.35 38.25 to 42.80 3.55% 4.61 times
06 Mon May 2024 38.00 37.10 to 39.80 -2.06% 0.47 times
03 Fri May 2024 38.80 38.45 to 40.75 -0.51% 1.26 times
02 Thu May 2024 39.00 38.25 to 40.00 -0.26% 1.24 times

Technical analysis forecast of Nandan Denim 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 Nandan Denim Limited NDL at this time. Stock is rising and might rise more.

It appears as if Nandan Denim Limited NDL gave a large move recently.

Stock of Nandan Denim Limited (NDL) is trading above an important moving average line, but it crossed this line recently, which means that it could show a small or a large fall soon enough depending on its trend.

My analysis of Nandan Denim Limited is bullish for shortterm, and stock might move up till 40.8 or till 43. Use a stoploss of 39.03 and if this stock hits its stoploss, then it can fall down till 37.23

More indepth analysis on MunafaSutra.com