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Stock analysis Ngl Fine Chem Limited NGLFINE

More indepth analysis on MunafaSutra.com

Moving Averages for Ngl Fine Chem Limited

  • 5Day Average: 2121.29
  • 12Day Average: 2143.46
  • 20Day Average: 2154.5
  • 50Day Average: 2350.64
  • 100Day Average: 2355.87
  • 150Day Average: 2312.41
  • 200Day Average: 2232.06

NGLFINE Indicators & signals

Indicator MACD (12,26,9)

2139.91, 2199.35, -67.69
Indicator MACD is in negative zone

Indicator ADX (14)

1.66, 17.59, 18.18
Indicator ADX is indicating that momentum is weak.
Momentum is towards selling.

Indicator RSI (14)

Current RSI is: 46
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of NGLFINE Ngl Fine Chem Limited are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
20 Fri Sep 2024 2124.10 2116.10 to 2170.00 0.03% 0.5 times
19 Thu Sep 2024 2123.55 2106.00 to 2132.40 0.07% 0.85 times
18 Wed Sep 2024 2122.00 2104.60 to 2140.80 -0.16% 0.74 times
17 Tue Sep 2024 2125.45 2100.10 to 2144.25 0.67% 0.53 times
16 Mon Sep 2024 2111.35 2095.00 to 2154.95 -0.67% 0.83 times
13 Fri Sep 2024 2125.50 2088.05 to 2140.75 1.46% 0.45 times
12 Thu Sep 2024 2094.90 2082.00 to 2139.75 -0.24% 0.72 times
11 Wed Sep 2024 2100.00 2060.35 to 2182.75 -3.16% 2.26 times
10 Tue Sep 2024 2168.55 2141.05 to 2209.55 0.39% 0.56 times
09 Mon Sep 2024 2160.20 2128.40 to 2231.55 -3.43% 1.78 times
06 Fri Sep 2024 2236.85 2193.50 to 2285.00 0.35% 1.28 times
05 Thu Sep 2024 2229.05 2105.05 to 2374.00 5.63% 5.16 times

Technical analysis forecast for Ngl Fine Chem 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 Ngl Fine Chem Limited NGLFINE at this time. Stock is falling and might fall more.

It appears as if Ngl Fine Chem Limited NGLFINE gave a large move recently.

Stock of Ngl Fine Chem Limited (NGLFINE) 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 Ngl Fine Chem Limited is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if Ngl Fine Chem Limited stays below 2130.5, but if it comes above 2130.5, then a intra day buy could be more profitable.
If you take a sell trade below 2130.5, then use 2130.5 as stoploss and 2079.4 as target. However if you take a buy trade in Ngl Fine Chem Limited, then use 2130.5 as stoploss and 2173.01 as target.

More indepth analysis on MunafaSutra.com