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Stock analysis Plastiblends India Limited PLASTIBLEN

More indepth analysis on MunafaSutra.com

Moving Averages for Plastiblends India Limited

  • 5Day Average: 257.73
  • 12Day Average: 260.69
  • 20Day Average: 263.84
  • 50Day Average: 258.11
  • 100Day Average: 276.34
  • 150Day Average: 282.38
  • 200Day Average: 270.21

PLASTIBLEN Indicators & signals

Indicator MACD (12,26,9)

260.67, 262.26, -0.55
Indicator MACD is in negative zone

Indicator ADX (14)

6.59, 21.21, 18.59
Indicator ADX is indicating that momentum is weak.
Indicator ADX is showing that momentum is towards buying

Indicator RSI (14)

Current RSI is: 51
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
27 Mon May 2024 256.60 254.70 to 260.85 0.06% 1.3 times
24 Fri May 2024 256.45 255.50 to 260.50 -1.23% 1.2 times
23 Thu May 2024 259.65 256.10 to 260.00 0.68% 0.84 times
22 Wed May 2024 257.90 257.45 to 262.95 -0.06% 0.98 times
21 Tue May 2024 258.05 256.55 to 267.90 -3.23% 2.05 times
18 Sat May 2024 266.65 263.10 to 272.00 -0.17% 0.06 times
17 Fri May 2024 267.10 263.05 to 272.00 1.5% 1.46 times
16 Thu May 2024 263.15 261.00 to 268.65 -1.63% 0.55 times
15 Wed May 2024 267.50 262.80 to 274.60 2.29% 1.69 times
14 Tue May 2024 261.50 256.25 to 262.90 2.29% 0.61 times
13 Mon May 2024 255.65 253.40 to 259.30 -0.93% 0.56 times
10 Fri May 2024 258.05 253.65 to 261.60 0.62% 1.13 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, 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...

My analysis of Plastiblends India Limited is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 255.2 as stoploss in an intra day buy trade for a target of 261.87. However, stock will show a bearish move below 255.2.

More indepth analysis on MunafaSutra.com