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Stock analysis Redtape Limited REDTAPE

More indepth analysis on MunafaSutra.com

Moving Averages for Redtape Limited

  • 5Day Average: 159.47
  • 12Day Average: 150.44
  • 20Day Average: 150.42
  • 50Day Average: 362.86
  • 100Day Average: 609.73
  • 150Day Average: 664.65
  • 200Day Average: 680.57

REDTAPE Indicators & signals

Indicator MACD (12,26,9)

157.07, 204.75, -67.82
Indicator MACD is in negative zone

Indicator ADX (14)

37.61, 17.67, 38.99
Indicator ADX is indicating that momentum is weak.
Momentum is towards selling.

Indicator RSI (14)

Current RSI is: 35
Indicator RSI is indicating selling pressure and stock might fall.

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

Date Close Range Change % Volume
21 Fri Mar 2025 161.29 159.31 to 163.36 0.54% 0.39 times
20 Thu Mar 2025 160.42 159.11 to 166.10 -0.56% 0.45 times
19 Wed Mar 2025 161.32 158.20 to 163.79 2.65% 0.94 times
18 Tue Mar 2025 157.16 155.50 to 160.88 0.01% 0.31 times
17 Mon Mar 2025 157.15 150.76 to 159.00 2.56% 0.76 times
13 Thu Mar 2025 153.22 148.50 to 160.00 -0.93% 1.46 times
12 Wed Mar 2025 154.66 137.25 to 157.67 12.69% 3.81 times
11 Tue Mar 2025 137.24 133.72 to 139.72 -0.05% 0.79 times
10 Mon Mar 2025 137.31 135.00 to 146.85 -5.13% 0.41 times
07 Fri Mar 2025 144.73 140.51 to 148.19 1.85% 0.44 times
06 Thu Mar 2025 142.10 139.11 to 148.00 2.45% 0.63 times
05 Wed Mar 2025 138.70 134.91 to 142.00 3.35% 0.55 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...

My analysis of Redtape Limited is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if Redtape Limited stays below 167.8, but if it comes above 167.8, then a intra day buy could be more profitable.
If you take a sell trade below 167.8, then use 167.8 as stoploss and 156.2 as target. However if you take a buy trade in Redtape Limited, then use 167.8 as stoploss and 177.48 as target.

More indepth analysis on MunafaSutra.com