Stock analysis Rhi Magnesita India Ltd RHIM

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Moving Averages for Rhi Magnesita India Ltd

5Day Average: 650.07
12Day Average: 632.32
20Day Average: 609.6
50Day Average: 596.35
100Day Average: 677.64
150Day Average: 690.54
200Day Average: 687.18

RHIM Indicators & signals

Indicator MACD (12,26,9)

632.65, 613.91, 11.48
Indicator MACD is in positive zone

Indicator ADX (14)

28.52, 26.53, 14.75
Indicator ADX is indicating that momentum is weak.
Indicator ADX is showing that momentum is towards buying

Indicator RSI (14)

Current RSI is: 54
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of RHIM Rhi Magnesita India Ltd are as follows: Daily volume is divided by 10 day averaged volume

Date	Close	Range	Change %	Volume
24 Wed Apr 2024	659.80	651.75 to 664.30	0.92%	0.89 times
23 Tue Apr 2024	653.80	648.00 to 662.30	-0.65%	0.34 times
22 Mon Apr 2024	658.05	640.00 to 663.00	2.52%	1.42 times
19 Fri Apr 2024	641.90	622.10 to 645.30	0.8%	0.95 times
18 Thu Apr 2024	636.80	632.30 to 657.10	-0.83%	1.97 times
16 Tue Apr 2024	642.10	623.10 to 648.15	2.52%	1.47 times
15 Mon Apr 2024	626.30	590.00 to 630.40	1.27%	0.75 times
12 Fri Apr 2024	618.45	614.00 to 628.80	0.23%	1.18 times
10 Wed Apr 2024	617.05	603.10 to 624.20	0.97%	0.92 times
09 Tue Apr 2024	611.10	606.10 to 613.80	-0.16%	0.31 times
08 Mon Apr 2024	612.10	600.00 to 614.60	0.29%	0.7 times
05 Fri Apr 2024	610.35	601.30 to 613.90	0.03%	0.63 times

Technical analysis forecast of Rhi Magnesita India Ltd 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 Rhi Magnesita India Ltd RHIM at this time. Stock is rising and might rise more.

It appears as if Rhi Magnesita India Ltd RHIM gave a large move recently.

Stock of Rhi Magnesita India Ltd (RHIM) 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 Rhi Magnesita India Ltd is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if Rhi Magnesita India Ltd stays above 652, but if it comes below 652, then a intra day sell could be more profitable.
If you take a sell trade below 652, then use 652 as stoploss and 618.64 as target. However if you take a buy trade in Rhi Magnesita India Ltd, then use 652 as stoploss and 692 as target.

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