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Stock analysis Polyplex Corporation Limited POLYPLEX

More indepth analysis on MunafaSutra.com

Moving Averages for Polyplex Corporation Limited

  • 5Day Average: 796.28
  • 12Day Average: 798.52
  • 20Day Average: 828.66
  • 50Day Average: 916.56
  • 100Day Average: 986.18
  • 150Day Average: 1038.04
  • 200Day Average: 1097.83

POLYPLEX Indicators & signals

Indicator MACD (12,26,9)

807.19, 844.62, -39.22
Indicator MACD is in negative zone

Indicator ADX (14)

31.82, 14.14, 27.34
Indicator ADX is indicating that momentum is weak.
Momentum is towards selling.

Indicator RSI (14)

Current RSI is: 53
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of POLYPLEX Polyplex Corporation Limited are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
27 Wed Mar 2024 769.90 765.00 to 804.50 -3.65% 1.15 times
26 Tue Mar 2024 799.10 793.05 to 813.20 -1.38% 1.03 times
22 Fri Mar 2024 810.25 795.00 to 818.55 1.69% 0.63 times
21 Thu Mar 2024 796.80 793.25 to 817.70 -1.06% 0.45 times
20 Wed Mar 2024 805.35 801.30 to 819.35 -1.58% 0.51 times
19 Tue Mar 2024 818.25 786.25 to 835.90 4.21% 3.71 times
18 Mon Mar 2024 785.20 767.05 to 797.00 0.96% 0.9 times
15 Fri Mar 2024 777.75 767.05 to 792.45 -0.26% 0.49 times
14 Thu Mar 2024 779.80 761.00 to 801.30 0.81% 0.61 times
13 Wed Mar 2024 773.55 760.85 to 823.75 -5.25% 0.87 times
12 Tue Mar 2024 816.40 811.05 to 854.95 -3.94% 0.79 times
11 Mon Mar 2024 849.90 846.10 to 874.90 -2.22% 0.53 times

Technical analysis forecast for Polyplex Corporation 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 Polyplex Corporation Limited POLYPLEX at this time. Stock is falling and might fall more.

It appears as if Polyplex Corporation Limited POLYPLEX gave a large move recently.

Stock of Polyplex Corporation Limited (POLYPLEX) 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 Polyplex Corporation Limited is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if Polyplex Corporation Limited stays below 787.3, but if it comes above 787.3, then a intra day buy could be more profitable.
If you take a sell trade below 787.3, then use 787.3 as stoploss and 737.9 as target. However if you take a buy trade in Polyplex Corporation Limited, then use 787.3 as stoploss and 828.56 as target.

More indepth analysis on MunafaSutra.com