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Stock analysis Nova Agritech Limited NOVAAGRI

More indepth analysis on MunafaSutra.com

Moving Averages for Nova Agritech Limited

  • 5Day Average: 68.06
  • 12Day Average: 76.11
  • 20Day Average: 77.72
  • 50Day Average: 70.31
  • 100Day Average: 61.03

NOVAAGRI Indicators & signals

Indicator MACD (12,26,9)

72.62, 73.53, 2.35
Indicator MACD is in negative zone

Indicator ADX (14)

27.01, 20.72, 36.05
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 NOVAAGRI Nova Agritech Limited are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
21 Thu Nov 2024 58.85 58.40 to 60.90 -3.37% 0.05 times
19 Tue Nov 2024 60.90 60.37 to 62.24 0.35% 0.1 times
18 Mon Nov 2024 60.69 57.99 to 62.40 -23.16% 0.09 times
13 Tue Aug 2024 78.98 78.30 to 82.40 -2.35% 0.49 times
12 Mon Aug 2024 80.88 78.97 to 82.50 -7.23% 1.57 times
09 Fri Aug 2024 87.18 84.50 to 88.40 1.04% 1.14 times
08 Thu Aug 2024 86.28 80.53 to 89.80 6.77% 2.44 times
07 Wed Aug 2024 80.81 78.60 to 81.59 3.01% 0.74 times
06 Tue Aug 2024 78.45 78.05 to 82.49 1.42% 1.17 times
05 Mon Aug 2024 77.35 75.94 to 80.88 -5.64% 1.27 times
02 Fri Aug 2024 81.97 76.81 to 83.80 1.29% 0.99 times
01 Thu Aug 2024 80.93 80.02 to 84.30 -2.92% 0.44 times

Technical analysis forecast for Nova Agritech 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 Nova Agritech Limited NOVAAGRI at this time. Stock is falling and might fall more.

It appears as if Nova Agritech Limited NOVAAGRI gave a large move recently.

Stock of Nova Agritech Limited (NOVAAGRI) 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 Nova Agritech Limited is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if Nova Agritech Limited stays below 65.1, but if it comes above 65.1, then a intra day buy could be more profitable.
If you take a sell trade below 65.1, then use 65.1 as stoploss and 54.6 as target. However if you take a buy trade in Nova Agritech Limited, then use 65.1 as stoploss and 73.87 as target.

More indepth analysis on MunafaSutra.com