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Stock analysis Rainbow Childrens Med Ltd RAINBOW

More indepth analysis on MunafaSutra.com

Moving Averages for Rainbow Childrens Med Ltd

  • 5Day Average: 1350.67
  • 12Day Average: 1330.91
  • 20Day Average: 1340.43
  • 50Day Average: 1274.51
  • 100Day Average: 1238.77
  • 150Day Average: 1180.58
  • 200Day Average: 1151.46

RAINBOW Indicators & signals

Indicator MACD (12,26,9)

1338.14, 1314.25, 23.33
Indicator MACD is in positive zone

Indicator ADX (14)

25.18, 26.55, 15.87
Indicator ADX is indicating that momentum is weak.
Indicator ADX is showing that momentum is towards buying

Indicator RSI (14)

Current RSI is: 52
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of RAINBOW Rainbow Childrens Med Ltd are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
30 Tue Apr 2024 1375.20 1366.00 to 1380.00 0.96% 1.18 times
29 Mon Apr 2024 1362.10 1335.00 to 1369.95 1.38% 0.97 times
26 Fri Apr 2024 1343.55 1322.05 to 1353.45 2.08% 0.95 times
25 Thu Apr 2024 1316.20 1305.05 to 1363.00 -2.96% 1.76 times
24 Wed Apr 2024 1356.30 1348.00 to 1369.80 0.85% 1.22 times
23 Tue Apr 2024 1344.85 1297.00 to 1351.95 3.65% 0.98 times
22 Mon Apr 2024 1297.55 1291.00 to 1310.90 -0.31% 0.89 times
19 Fri Apr 2024 1301.55 1292.00 to 1314.45 0.1% 0.56 times
18 Thu Apr 2024 1300.20 1287.00 to 1319.45 -0.91% 1.2 times
16 Tue Apr 2024 1312.10 1300.35 to 1321.80 -0.65% 0.35 times
15 Mon Apr 2024 1320.65 1304.30 to 1350.70 -1.49% 1.12 times
12 Fri Apr 2024 1340.65 1327.05 to 1368.90 0.08% 1.27 times

Technical analysis forecast of Rainbow Childrens Med Ltd 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 Rainbow Childrens Med Ltd RAINBOW at this time. Stock is rising and might rise more.

It appears as if Rainbow Childrens Med Ltd RAINBOW gave a large move recently.

Stock of Rainbow Childrens Med Ltd (RAINBOW) 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 Rainbow Childrens Med Ltd 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 1377.2, for a target of 1348.2 or 1323.93

More indepth analysis on MunafaSutra.com