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Stock analysis Novartis India NOVARTIND

More indepth analysis on MunafaSutra.com

Moving Averages for Novartis India

  • 5Day Average: 740.41
  • 12Day Average: 722.54
  • 20Day Average: 714.05
  • 50Day Average: 641.11
  • 100Day Average: 627.33
  • 150Day Average: 642.43
  • 200Day Average: 656.96

NOVARTIND Indicators & signals

Indicator MACD (12,26,9)

725.04, 695.44, 28.2
Indicator MACD is in positive zone

Indicator ADX (14)

70.64, 40.42, 6.95
Indicator ADX is indicating that momentum is still strong.
Indicator ADX is showing that momentum is towards buying

Indicator RSI (14)

Current RSI is: 62
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of NOVARTIND Novartis India are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
08 Thu Jun 2023 762.10 753.30 to 769.90 1.5% 1.81 times
07 Wed Jun 2023 750.85 734.90 to 755.00 1.71% 1.88 times
06 Tue Jun 2023 738.20 729.00 to 747.00 1.16% 1.42 times
05 Mon Jun 2023 729.75 724.85 to 734.00 1.19% 1.04 times
02 Fri Jun 2023 721.15 714.65 to 729.95 1.35% 1.34 times
01 Thu Jun 2023 711.55 704.05 to 716.55 0.71% 0.91 times
31 Wed May 2023 706.50 703.05 to 710.00 -0.18% 0.46 times
30 Tue May 2023 707.80 705.55 to 711.05 0.4% 0.7 times
29 Mon May 2023 705.00 704.05 to 710.05 -0.45% 0.83 times
26 Fri May 2023 708.20 701.00 to 723.85 -0.97% 0.73 times
25 Thu May 2023 715.15 707.10 to 724.00 0.13% 0.68 times
24 Wed May 2023 714.25 707.30 to 722.90 0.64% 0.46 times

Technical analysis forecast of Novartis India 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 Novartis India NOVARTIND at this time. Stock is rising and might rise more.

It appears as if Novartis India NOVARTIND gave a large move recently.

Stock of Novartis India (NOVARTIND) 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!

Although my analysis for Novartis India is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 751.7, for a target of 727.5 or 707.25

More indepth analysis on MunafaSutra.com