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Stock analysis Plastiblends India Limited PLASTIBLEN

More indepth analysis on MunafaSutra.com

Moving Averages for Plastiblends India Limited

  • 5Day Average: 233.1
  • 12Day Average: 233.98
  • 20Day Average: 232.12
  • 50Day Average: 228.17
  • 100Day Average: 206.57
  • 150Day Average: 191.11
  • 200Day Average: 186.19

PLASTIBLEN Indicators & signals

Indicator MACD (12,26,9)

232.72, 231.21, 2.32
Indicator MACD is in positive zone

Indicator ADX (14)

17.32, 23.46, 16.54
Indicator ADX is indicating that momentum is weak.
Indicator ADX is showing that momentum is towards buying

Indicator RSI (14)

Current RSI is: 50
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of PLASTIBLEN Plastiblends India Limited are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
04 Wed Oct 2023 230.40 223.05 to 231.35 0.57% 0.23 times
03 Tue Oct 2023 229.10 227.55 to 236.75 -3.23% 0.23 times
29 Fri Sep 2023 236.75 231.55 to 241.00 1.22% 0.52 times
28 Thu Sep 2023 233.90 231.65 to 238.25 -0.62% 0.41 times
27 Wed Sep 2023 235.35 231.60 to 237.55 0.11% 0.21 times
26 Tue Sep 2023 235.10 229.00 to 240.00 1.16% 0.36 times
25 Mon Sep 2023 232.40 230.00 to 234.00 0.15% 0.15 times
22 Fri Sep 2023 232.05 229.60 to 234.80 0.17% 0.79 times
21 Thu Sep 2023 231.65 230.55 to 237.45 -1.28% 0.37 times
20 Wed Sep 2023 234.65 232.80 to 245.00 -3.44% 2.07 times
18 Mon Sep 2023 243.00 229.15 to 258.90 4.11% 4.89 times
15 Fri Sep 2023 233.40 230.05 to 234.30 0.5% 0.38 times

Technical analysis forecast for Plastiblends India 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 Plastiblends India Limited PLASTIBLEN at this time. Stock is falling and might fall more.

It appears as if Plastiblends India Limited PLASTIBLEN gave a large move recently.

Stock of Plastiblends India Limited (PLASTIBLEN) 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 Plastiblends India Limited is bearish for shortterm, and stock might move down till 228.1 or till 223.3. Use a stoploss of 232.15 and if the stock hits stoploss, then it can shoot up till 236.19

More indepth analysis on MunafaSutra.com