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Stock analysis Sanghi Industries Limited SANGHIIND

More indepth analysis on MunafaSutra.com

Moving Averages for Sanghi Industries Limited

  • 5Day Average: 94.13
  • 12Day Average: 96.62
  • 20Day Average: 94.71
  • 50Day Average: 102.07
  • 100Day Average: 114.86
  • 150Day Average: 108.26
  • 200Day Average: 98.69

SANGHIIND Indicators & signals

Indicator MACD (12,26,9)

95.14, 96.98, -2.16
Indicator MACD is in negative zone

Indicator ADX (14)

4.12, 22.6, 20.81
Indicator ADX is indicating that momentum is weak.
Indicator ADX is showing that momentum is towards buying

Indicator RSI (14)

Current RSI is: 52
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of SANGHIIND Sanghi Industries Limited are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
23 Tue Apr 2024 93.05 92.50 to 95.70 -1.64% 1.16 times
22 Mon Apr 2024 94.60 94.00 to 97.90 0.58% 2.4 times
19 Fri Apr 2024 94.05 92.40 to 95.00 -0.63% 0.66 times
18 Thu Apr 2024 94.65 94.05 to 100.00 0.37% 0.87 times
16 Tue Apr 2024 94.30 93.00 to 95.20 1.23% 0.38 times
15 Mon Apr 2024 93.15 91.95 to 98.20 -4.56% 1.1 times
12 Fri Apr 2024 97.60 96.80 to 100.40 -1.11% 0.53 times
10 Wed Apr 2024 98.70 97.80 to 100.15 -1.2% 0.45 times
09 Tue Apr 2024 99.90 98.75 to 101.85 -1.09% 0.5 times
08 Mon Apr 2024 101.00 98.95 to 102.70 -0.05% 1.12 times
05 Fri Apr 2024 101.05 96.85 to 102.10 3.75% 1.99 times
04 Thu Apr 2024 97.40 96.05 to 99.50 0.36% 0.6 times

Technical analysis forecast for Sanghi Industries 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 Sanghi Industries Limited SANGHIIND at this time. Stock is falling and might fall more.

It appears as if Sanghi Industries Limited SANGHIIND gave a large move recently.

Stock of Sanghi Industries Limited (SANGHIIND) 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 Sanghi Industries Limited is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 91.9 as stoploss in an intra day buy trade for a target of 95.95. However, stock will show a bearish move below 91.9.

More indepth analysis on MunafaSutra.com