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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: 49.13
  • 12Day Average: 49.08
  • 20Day Average: 48.99
  • 50Day Average: 46.44
  • 100Day Average: 44.83
  • 150Day Average: 45.66
  • 200Day Average: 46.8

RENUKA Indicators & signals

Indicator MACD (12,26,9)

49.15, 48.52, 0.66
Indicator MACD is in positive zone

Indicator ADX (14)

12.24, 22.27, 17.41
Indicator ADX is indicating that momentum is weak.
Indicator ADX is showing that momentum is towards buying

Indicator RSI (14)

Current RSI is: 57
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
26 Fri Jul 2024 50.96 49.67 to 51.34 1.49% 1.16 times
25 Thu Jul 2024 50.21 49.40 to 52.92 1.48% 3.5 times
24 Wed Jul 2024 49.48 47.38 to 50.45 4.15% 1.24 times
23 Tue Jul 2024 47.51 44.10 to 48.99 0% 0.78 times
23 Tue Jul 2024 47.51 44.10 to 48.99 -1.62% 0.78 times
22 Mon Jul 2024 48.29 46.48 to 48.75 2.48% 0.54 times
19 Fri Jul 2024 47.12 46.86 to 48.59 -2.54% 0.47 times
18 Thu Jul 2024 48.35 48.13 to 49.84 -2.6% 0.52 times
16 Tue Jul 2024 49.64 49.35 to 51.20 0.83% 0.69 times
15 Mon Jul 2024 49.23 48.75 to 50.25 -1.34% 0.52 times
12 Fri Jul 2024 49.90 49.60 to 51.45 -1.71% 0.95 times
11 Thu Jul 2024 50.77 49.17 to 51.60 3.74% 2.44 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, but it crossed this line recently, which means that it could show a small or a large fall soon enough depending on its trend.

Although my analysis for Shree Renuka 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 51.1, for a target of 49.9 or 48.84

More indepth analysis on MunafaSutra.com