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Stock analysis Nandan Denim Limited NDL

More indepth analysis on MunafaSutra.com

Moving Averages for Nandan Denim Limited

  • 5Day Average: 49.34
  • 12Day Average: 49.55
  • 20Day Average: 48.43
  • 50Day Average: 45.72
  • 100Day Average: 41.67
  • 150Day Average: 37.54
  • 200Day Average: 33.81

NDL Indicators & signals

Indicator MACD (12,26,9)

49.21, 48.18, 1.11
Indicator MACD is in positive zone

Indicator ADX (14)

34.62, 24.22, 11.76
Indicator ADX is indicating that momentum is weak.
Indicator ADX is showing that momentum is towards buying

Indicator RSI (14)

Current RSI is: 68
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
26 Fri Jul 2024 49.84 49.70 to 52.19 -0.32% 0.49 times
25 Thu Jul 2024 50.00 48.85 to 51.67 1.09% 0.6 times
24 Wed Jul 2024 49.46 48.26 to 51.39 1.56% 0.64 times
23 Tue Jul 2024 48.70 48.00 to 50.45 0% 0.75 times
23 Tue Jul 2024 48.70 48.00 to 50.45 -2.68% 0.75 times
22 Mon Jul 2024 50.04 49.30 to 51.63 -1.69% 0.62 times
19 Fri Jul 2024 50.90 49.40 to 51.19 -0.31% 0.74 times
18 Thu Jul 2024 51.06 47.91 to 52.80 6.78% 2.25 times
16 Tue Jul 2024 47.82 47.45 to 49.99 -0.4% 0.87 times
15 Mon Jul 2024 48.01 47.81 to 50.90 -2.91% 1.49 times
12 Fri Jul 2024 49.45 49.16 to 52.99 -2.21% 1.28 times
11 Thu Jul 2024 50.57 45.23 to 52.70 11.51% 1.07 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 stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 50.3 as stoploss in an intra day sell trade for a target of 48.65. However, stock will show a bullish move above 50.3.

More indepth analysis on MunafaSutra.com