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Stock analysis Sapphire Foods India Ltd SAPPHIRE

More indepth analysis on MunafaSutra.com

Moving Averages for Sapphire Foods India Ltd

  • 5Day Average: 1382.41
  • 12Day Average: 1394.64
  • 20Day Average: 1400.56
  • 50Day Average: 1468.63
  • 100Day Average: 1445
  • 150Day Average: 1423.22
  • 200Day Average: 1418.86

SAPPHIRE Indicators & signals

Indicator MACD (12,26,9)

1395.52, 1420.39, -26.37
Indicator MACD is in negative zone

Indicator ADX (14)

41.7, 9.43, 22.92
Indicator ADX is indicating that momentum is weak.
Momentum is towards selling.

Indicator RSI (14)

Current RSI is: 51
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of SAPPHIRE Sapphire Foods India Ltd are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
17 Fri May 2024 1390.95 1370.00 to 1402.30 0.33% 0.83 times
16 Thu May 2024 1386.40 1371.90 to 1398.00 0.87% 0.18 times
15 Wed May 2024 1374.45 1359.00 to 1405.00 -0.72% 1.88 times
14 Tue May 2024 1384.40 1374.40 to 1390.10 0.62% 0.27 times
13 Mon May 2024 1375.85 1350.10 to 1407.00 -2.91% 2.15 times
10 Fri May 2024 1417.15 1324.00 to 1435.65 3.52% 1.79 times
09 Thu May 2024 1368.90 1360.05 to 1407.95 -2.65% 1.89 times
08 Wed May 2024 1406.15 1390.00 to 1421.00 -0.47% 0.37 times
07 Tue May 2024 1412.75 1385.75 to 1423.75 1.23% 0.31 times
06 Mon May 2024 1395.55 1384.90 to 1415.95 -1.31% 0.31 times
03 Fri May 2024 1414.10 1386.00 to 1423.85 0.36% 0.85 times
02 Thu May 2024 1409.00 1394.05 to 1425.10 -0.97% 0.47 times

Technical analysis forecast for Sapphire Foods India 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 Sapphire Foods India Ltd SAPPHIRE at this time. Stock is falling and might fall more.

It appears as if Sapphire Foods India Ltd SAPPHIRE gave a large move recently.

Stock of Sapphire Foods India Ltd (SAPPHIRE) 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 Sapphire Foods India Ltd is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 1378.9 as stoploss in an intra day buy trade for a target of 1410.6. However, stock will show a bearish move below 1378.9.

More indepth analysis on MunafaSutra.com