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Stock analysis Nandan Denim Limited NDL

More indepth analysis on MunafaSutra.com

Moving Averages for Nandan Denim Limited

  • 5Day Average: 43.69
  • 12Day Average: 39.63
  • 20Day Average: 37.24
  • 50Day Average: 36.35
  • 100Day Average: 30.66
  • 150Day Average: 27.37
  • 200Day Average: 25.67

NDL Indicators & signals

Indicator MACD (12,26,9)

40.3, 37.92, 1.46
Indicator MACD is in positive zone

Indicator ADX (14)

56.64, 37.71, 10.44
Indicator ADX is indicating that momentum is still strong.
Indicator ADX is showing that momentum is towards buying

Indicator RSI (14)

Current RSI is: 58
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
19 Fri Apr 2024 43.30 42.65 to 46.05 -3.35% 0.8 times
18 Thu Apr 2024 44.80 44.40 to 48.60 2.87% 1.68 times
16 Tue Apr 2024 43.55 43.20 to 45.90 0.93% 0.8 times
15 Mon Apr 2024 43.15 41.60 to 46.70 -1.15% 2.26 times
12 Fri Apr 2024 43.65 36.80 to 44.20 18.45% 2.27 times
10 Wed Apr 2024 36.85 36.35 to 38.15 1.1% 0.55 times
09 Tue Apr 2024 36.45 36.05 to 37.35 -0.68% 0.14 times
08 Mon Apr 2024 36.70 36.15 to 38.40 2.37% 0.26 times
05 Fri Apr 2024 35.85 34.30 to 41.50 -7.48% 1.35 times
04 Thu Apr 2024 38.75 36.90 to 38.85 4.73% 0.29 times
03 Wed Apr 2024 37.00 34.75 to 37.25 4.23% 0.4 times
02 Tue Apr 2024 35.50 34.00 to 35.55 4.72% 0.06 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, 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 Nandan Denim Limited is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if Nandan Denim Limited stays above 42.8, but if it comes below 42.8, then a intra day sell could be more profitable.
If you take a sell trade below 42.8, then use 42.8 as stoploss and 38.7 as target. However if you take a buy trade in Nandan Denim Limited, then use 42.8 as stoploss and 47.6 as target.

More indepth analysis on MunafaSutra.com