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Stock analysis Shree Renuka Sugars Limited RENUKA

More indepth analysis on MunafaSutra.com

Moving Averages for Shree Renuka Sugars Limited

  • 5Day Average: 42.63
  • 12Day Average: 40.84
  • 20Day Average: 41.55
  • 50Day Average: 44.5
  • 100Day Average: 46.19
  • 150Day Average: 45.84
  • 200Day Average: 45.46

RENUKA Indicators & signals

Indicator MACD (12,26,9)

41.69, 42.17, -0.98
Indicator MACD is in negative zone

Indicator ADX (14)

8.33, 21.43, 25.32
Indicator ADX is indicating that momentum is weak.
Momentum is towards selling.

Indicator RSI (14)

Current RSI is: 48
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of RENUKA Shree Renuka Sugars Limited are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
02 Mon Dec 2024 42.97 42.10 to 43.45 0.87% 0.9 times
29 Fri Nov 2024 42.60 41.88 to 43.07 1.07% 1.01 times
28 Thu Nov 2024 42.15 41.86 to 43.40 -1.98% 1.08 times
27 Wed Nov 2024 43.00 42.50 to 43.31 1.37% 1.2 times
26 Tue Nov 2024 42.42 39.90 to 42.99 6.16% 2.06 times
25 Mon Nov 2024 39.96 39.70 to 40.65 1.78% 0.67 times
22 Fri Nov 2024 39.26 38.20 to 39.53 2.35% 0.84 times
21 Thu Nov 2024 38.36 38.24 to 39.96 -3.76% 1.03 times
19 Tue Nov 2024 39.86 39.56 to 40.59 0.76% 0.62 times
18 Mon Nov 2024 39.56 39.00 to 40.47 -1.3% 0.75 times
14 Thu Nov 2024 40.08 39.75 to 40.49 0.65% 0.73 times
13 Wed Nov 2024 39.82 39.55 to 40.76 -2.28% 0.81 times

Technical analysis forecast of Shree Renuka 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 Shree Renuka Sugars Limited RENUKA at this time. Stock is rising and might rise more.

It appears as if Shree Renuka Sugars Limited RENUKA gave a large move recently.

Stock of Shree Renuka Sugars Limited (RENUKA) 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!

My analysis of Shree Renuka Sugars Limited is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 43.5 as stoploss in an intra day sell trade for a target of 41.85. However, stock will show a bullish move above 43.5.

More indepth analysis on MunafaSutra.com