Stock analysis Sanginita Chemicals Ltd SANGINITA

More indepth analysis on MunafaSutra.com

Moving Averages for Sanginita Chemicals Ltd

5Day Average: 16.31
12Day Average: 16.31
20Day Average: 16.38
50Day Average: 17.03
100Day Average: 20.2
150Day Average: 21.37
200Day Average: 21.09

SANGINITA Indicators & signals

Indicator MACD (12,26,9)

16.33, 16.61, -0.32
Indicator MACD is in negative zone

Indicator ADX (14)

12.5, 9.86, 12.68
Indicator ADX is indicating that momentum is weak.
Momentum is towards selling.

Indicator RSI (14)

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

Recent prices of SANGINITA Sanginita Chemicals Ltd are as follows: Daily volume is divided by 10 day averaged volume

Date	Close	Range	Change %	Volume
06 Fri Sep 2024	16.18	16.05 to 16.45	0.12%	0.35 times
05 Thu Sep 2024	16.16	16.06 to 16.65	-1.28%	0.89 times
04 Wed Sep 2024	16.37	16.11 to 16.56	-0.85%	0.9 times
03 Tue Sep 2024	16.51	16.21 to 16.60	1.23%	0.37 times
02 Mon Sep 2024	16.31	16.00 to 16.64	1.05%	0.84 times
30 Fri Aug 2024	16.14	16.06 to 16.83	0.06%	1.51 times
29 Thu Aug 2024	16.13	16.00 to 16.90	0%	1.42 times
29 Thu Aug 2024	16.13	16.00 to 16.90	0%	1.42 times
29 Thu Aug 2024	16.13	16.00 to 16.90	-2.36%	1.42 times
28 Wed Aug 2024	16.52	16.30 to 16.98	-0.84%	0.81 times
27 Tue Aug 2024	16.66	16.47 to 16.79	1.15%	0.41 times
26 Mon Aug 2024	16.47	16.20 to 17.20	-1.5%	1.37 times

Technical analysis forecast for Sanginita Chemicals Ltd 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 Sanginita Chemicals Ltd SANGINITA at this time. Stock is falling and might fall more.

It appears as if Sanginita Chemicals Ltd SANGINITA gave a large move recently.

Stock of Sanginita Chemicals Ltd (SANGINITA) 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 Sanginita Chemicals Ltd is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if Sanginita Chemicals Ltd stays below 16.2, but if it comes above 16.2, then a intra day buy could be more profitable.
If you take a sell trade below 16.2, then use 16.2 as stoploss and 16 as target. However if you take a buy trade in Sanginita Chemicals Ltd, then use 16.2 as stoploss and 16.46 as target.

More indepth analysis on MunafaSutra.com