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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: 1961.96
  • 12Day Average: 1938.82
  • 20Day Average: 1904.34
  • 50Day Average: 1920.23
  • 100Day Average: 2052.14
  • 150Day Average: 2183.03
  • 200Day Average: 2210.9

NGLFINE Indicators & signals

Indicator MACD (12,26,9)

1928.16, 1917.14, 9.11
Indicator MACD is in positive zone

Indicator ADX (14)

7.02, 17.44, 20.08
Indicator ADX is indicating that momentum is weak.
Momentum is towards selling.

Indicator RSI (14)

Current RSI is: 45
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
26 Thu Dec 2024 1842.15 1831.10 to 1950.00 -3.1% 1.63 times
24 Tue Dec 2024 1901.15 1882.35 to 1987.60 -4% 1.21 times
23 Mon Dec 2024 1980.45 1945.10 to 2050.80 -2.92% 0.39 times
20 Fri Dec 2024 2040.05 2002.00 to 2077.45 -0.29% 1.09 times
19 Thu Dec 2024 2046.00 1961.00 to 2069.00 3.39% 1.97 times
18 Wed Dec 2024 1978.95 1881.00 to 1998.00 0% 0.84 times
18 Wed Dec 2024 1978.95 1881.00 to 1998.00 4.06% 0.84 times
17 Tue Dec 2024 1901.80 1880.00 to 1937.70 -0.93% 0.76 times
16 Mon Dec 2024 1919.70 1867.00 to 1975.00 1.1% 0.64 times
13 Fri Dec 2024 1898.90 1822.40 to 1900.00 0.14% 1.12 times
12 Thu Dec 2024 1896.25 1830.35 to 1900.00 0.79% 1.13 times
11 Wed Dec 2024 1881.45 1851.40 to 1892.40 1.03% 0.47 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, but it crossed this line recently, which means that it could show a small or a large recovery soon enough depending on its trend.

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 1853.6, but if it comes above 1853.6, then a intra day buy could be more profitable.
If you take a sell trade below 1853.6, then use 1853.6 as stoploss and 1775.5 as target. However if you take a buy trade in Ngl Fine Chem Limited, then use 1853.6 as stoploss and 1918.56 as target.

More indepth analysis on MunafaSutra.com