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Stock analysis Sadhana Nitrochem Limited SADHNANIQ

More indepth analysis on MunafaSutra.com

Moving Averages for Sadhana Nitrochem Limited

  • 5Day Average: 54.31
  • 12Day Average: 56.08
  • 20Day Average: 61.6
  • 50Day Average: 69.5
  • 100Day Average: 70.4
  • 150Day Average: 69.87
  • 200Day Average: 73.51

SADHNANIQ Indicators & signals

Indicator MACD (12,26,9)

57.06, 62.29, -4.81
Indicator MACD is in negative zone

Indicator ADX (14)

63.51, 7.76, 34.77
Indicator ADX is indicating that momentum is still strong.
Momentum is towards selling.

Indicator RSI (14)

Current RSI is: 58
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of SADHNANIQ Sadhana Nitrochem Limited are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
09 Wed Oct 2024 53.29 53.01 to 54.49 -0.98% 0.68 times
08 Tue Oct 2024 53.82 52.27 to 54.09 2.16% 0.41 times
07 Mon Oct 2024 52.68 51.10 to 56.14 -5.3% 1.43 times
04 Fri Oct 2024 55.63 54.10 to 57.00 -0.91% 0.98 times
03 Thu Oct 2024 56.14 55.31 to 57.10 0.2% 0.99 times
01 Tue Oct 2024 56.03 55.36 to 57.14 -0.46% 0.71 times
30 Mon Sep 2024 56.29 56.01 to 57.90 -1.75% 0.76 times
27 Fri Sep 2024 57.29 56.60 to 58.40 -0.28% 1.17 times
26 Thu Sep 2024 57.45 57.00 to 58.55 -0.26% 1.03 times
25 Wed Sep 2024 57.60 56.50 to 59.23 -1.18% 1.38 times
24 Tue Sep 2024 58.29 58.08 to 59.46 -0.24% 1.13 times
23 Mon Sep 2024 58.43 57.55 to 60.85 -1.32% 2.49 times

Technical analysis forecast for Sadhana Nitrochem 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 Sadhana Nitrochem Limited SADHNANIQ at this time. Stock is falling and might fall more.

It appears as if Sadhana Nitrochem Limited SADHNANIQ gave a large move recently.

Stock of Sadhana Nitrochem Limited (SADHNANIQ) 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 Sadhana Nitrochem Limited is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 52.2 as stoploss in an intra day buy trade for a target of 60.35. However, stock will show a bearish move below 52.2.

More indepth analysis on MunafaSutra.com