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Stock analysis Redtape Limited REDTAPE

More indepth analysis on MunafaSutra.com

Moving Averages for Redtape Limited

  • 5Day Average: 146.74
  • 12Day Average: 154.38
  • 20Day Average: 150.89
  • 50Day Average: 268.23
  • 100Day Average: 547.02
  • 150Day Average: 636.05
  • 200Day Average: 655.83

REDTAPE Indicators & signals

Indicator MACD (12,26,9)

151.53, 179.83, -38.7
Indicator MACD is in negative zone

Indicator ADX (14)

44.39, 14.64, 38.01
Indicator ADX is indicating that momentum is weak.
Momentum is towards selling.

Indicator RSI (14)

Current RSI is: 40
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of REDTAPE Redtape Limited are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
03 Thu Apr 2025 146.54 144.00 to 149.45 -0.52% 0.49 times
02 Wed Apr 2025 147.30 140.59 to 147.94 0.99% 1.59 times
01 Tue Apr 2025 145.86 143.20 to 150.76 -0.07% 0.81 times
28 Fri Mar 2025 145.96 145.10 to 152.38 -1.41% 0.84 times
27 Thu Mar 2025 148.04 146.97 to 153.97 -3.9% 1.6 times
26 Wed Mar 2025 154.05 153.10 to 161.90 -3.99% 0.55 times
25 Tue Mar 2025 160.45 158.96 to 167.97 -2.29% 0.58 times
24 Mon Mar 2025 164.21 161.26 to 165.70 1.81% 0.96 times
21 Fri Mar 2025 161.29 159.31 to 163.36 0.54% 0.67 times
20 Thu Mar 2025 160.42 159.11 to 166.10 -0.56% 0.78 times
19 Wed Mar 2025 161.32 158.20 to 163.79 2.65% 1.62 times
18 Tue Mar 2025 157.16 155.50 to 160.88 0.01% 0.54 times

Technical analysis forecast for Redtape 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 Redtape Limited REDTAPE at this time. Stock is falling and might fall more.

It appears as if Redtape Limited REDTAPE gave a large move recently.

Stock of Redtape Limited (REDTAPE) 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...

Although my analysis for Redtape Limited is bearish for shortterm, but stock is in heavy over sold zones and there are high chances of some recovery tomorrow. You might want to buy the stock tomorrow in intra day with a stoploss of 144, for a target of 154.1 or 162.5

More indepth analysis on MunafaSutra.com