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Stock analysis Rana Sugars Limited RANASUG

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Moving Averages for Rana Sugars Limited

  • 5Day Average: 23.66
  • 12Day Average: 22.01
  • 20Day Average: 21.8
  • 50Day Average: 22.09
  • 100Day Average: 22.73
  • 150Day Average: 23.23
  • 200Day Average: 24.11

RANASUG Indicators & signals

Indicator MACD (12,26,9)

22.76, 22.15, 0.04
Indicator MACD is in positive zone

Indicator ADX (14)

46.67, 43.14, 15.69
Indicator ADX is indicating that momentum is weak.
Indicator ADX is showing that momentum is towards buying

Indicator RSI (14)

Current RSI is: 63
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of RANASUG Rana Sugars Limited are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
13 Thu Jun 2024 26.38 24.70 to 27.02 7.67% 9.04 times
12 Wed Jun 2024 24.50 23.86 to 25.09 2.47% 3.3 times
11 Tue Jun 2024 23.91 21.45 to 24.39 10.39% 3.44 times
10 Mon Jun 2024 21.66 21.60 to 22.24 -0.87% 0.39 times
07 Fri Jun 2024 21.85 21.30 to 22.15 2.58% 0.63 times
06 Thu Jun 2024 21.30 20.85 to 21.55 2.65% 0.35 times
05 Wed Jun 2024 20.75 19.90 to 20.85 4.01% 0.34 times
04 Tue Jun 2024 19.95 19.30 to 21.00 -5.23% 0.64 times
03 Mon Jun 2024 21.05 20.85 to 21.60 0.24% 0.44 times
31 Fri May 2024 21.00 20.65 to 21.05 0.96% 0.24 times
30 Thu May 2024 20.80 20.60 to 21.20 -0.95% 0.22 times
29 Wed May 2024 21.00 20.70 to 21.20 -0.24% 0.2 times

Technical analysis forecast of Rana Sugars Limited 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 Rana Sugars Limited RANASUG at this time. Stock is rising and might rise more.

It appears as if Rana Sugars Limited RANASUG gave a large move recently.

Stock of Rana Sugars Limited (RANASUG) 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 Rana Sugars Limited 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 25.5, for a target of 23.7 or 22.29

More indepth analysis on MunafaSutra.com