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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: 44.69
  • 12Day Average: 42.12
  • 20Day Average: 42.06
  • 50Day Average: 42.91
  • 100Day Average: 44.33
  • 150Day Average: 45.66
  • 200Day Average: 47.21

RENUKA Indicators & signals

Indicator MACD (12,26,9)

43.27, 42.63, -0.2
Indicator MACD is in positive zone

Indicator ADX (14)

40.19, 39.68, 16.93
Indicator ADX is indicating that momentum is weak.
Indicator ADX is showing that momentum is towards buying

Indicator RSI (14)

Current RSI is: 66
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
13 Thu Jun 2024 49.30 44.95 to 49.95 11.64% 20.65 times
12 Wed Jun 2024 44.16 44.07 to 45.25 -0.72% 1.34 times
11 Tue Jun 2024 44.48 41.93 to 45.14 4.66% 2.88 times
10 Mon Jun 2024 42.50 42.42 to 43.44 -1.16% 0.69 times
07 Fri Jun 2024 43.00 40.60 to 43.50 5.52% 1.92 times
06 Thu Jun 2024 40.75 40.15 to 41.20 2.64% 0.41 times
05 Wed Jun 2024 39.70 38.00 to 39.85 2.85% 0.56 times
04 Tue Jun 2024 38.60 36.55 to 41.30 -5.85% 0.81 times
03 Mon Jun 2024 41.00 40.65 to 41.80 2.24% 0.53 times
31 Fri May 2024 40.10 39.60 to 40.75 -0.74% 0.34 times
30 Thu May 2024 40.40 40.30 to 41.25 -2.53% 0.51 times
29 Wed May 2024 41.45 41.00 to 41.70 0.61% 0.3 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!

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 47.5, for a target of 44.9 or 42.72

More indepth analysis on MunafaSutra.com