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Stock analysis Novartis India NOVARTIND

More indepth analysis on MunafaSutra.com

Moving Averages for Novartis India

  • 5Day Average: 698.72
  • 12Day Average: 707.62
  • 20Day Average: 712.52
  • 50Day Average: 721.98
  • 100Day Average: 756.87
  • 150Day Average: 711.45
  • 200Day Average: 690.01

NOVARTIND Indicators & signals

Indicator MACD (12,26,9)

704.71, 714.56, -6.48
Indicator MACD is in negative zone

Indicator ADX (14)

52.04, 8.95, 28.36
Indicator ADX is indicating that momentum is still strong.
Momentum is towards selling.

Indicator RSI (14)

Current RSI is: 40
Indicator RSI is indicating selling pressure and stock might fall.

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

Date Close Range Change % Volume
25 Wed Oct 2023 672.25 668.35 to 698.20 -2.48% 0.96 times
23 Mon Oct 2023 689.35 685.50 to 722.00 -1.87% 1.77 times
20 Fri Oct 2023 702.50 685.50 to 715.80 -1.41% 1.39 times
19 Thu Oct 2023 712.55 708.00 to 717.45 -0.61% 0.53 times
18 Wed Oct 2023 716.95 713.30 to 719.80 0.31% 1.05 times
17 Tue Oct 2023 714.75 711.10 to 719.00 0.37% 0.56 times
16 Mon Oct 2023 712.10 707.60 to 721.95 -0.93% 0.58 times
13 Fri Oct 2023 718.75 706.85 to 721.00 0.86% 1.56 times
12 Thu Oct 2023 712.65 710.00 to 720.70 -0.52% 0.77 times
11 Wed Oct 2023 716.35 713.00 to 722.85 0.05% 0.66 times
10 Tue Oct 2023 716.00 710.55 to 725.00 1.24% 1.13 times
09 Mon Oct 2023 707.20 704.60 to 721.95 -1.89% 0.85 times

Technical analysis forecast for Novartis India 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 Novartis India NOVARTIND at this time. Stock is falling and might fall more.

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

Stock of Novartis India (NOVARTIND) 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...

Although my analysis for Novartis India is bearish for shortterm, but stock is in heavy over sold zones and there are high chances of some recovery tomorrow. You might want to buy the stock tomorrow in intra day with a stoploss of 684.2, for a target of 698.9 or 711.09

More indepth analysis on MunafaSutra.com