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Stock analysis Shankara Bldg Product Ltd SHANKARA

More indepth analysis on MunafaSutra.com

Moving Averages for Shankara Bldg Product Ltd

  • 5Day Average: 704.93
  • 12Day Average: 697.66
  • 20Day Average: 698.85
  • 50Day Average: 682.16
  • 100Day Average: 697.51
  • 150Day Average: 706.94
  • 200Day Average: 712.01

SHANKARA Indicators & signals

Indicator MACD (12,26,9)

699.71, 693.92, 4.54
Indicator MACD is in positive zone

Indicator ADX (14)

41.11, 26.43, 11.03
Indicator ADX is indicating that momentum is weak.
Indicator ADX is showing that momentum is towards buying

Indicator RSI (14)

Current RSI is: 45
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of SHANKARA Shankara Bldg Product Ltd are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
05 Fri Jul 2024 705.35 702.90 to 734.90 -1.51% 1.56 times
04 Thu Jul 2024 716.20 707.00 to 728.00 0.2% 1 times
03 Wed Jul 2024 714.80 699.55 to 739.20 2.36% 5.15 times
02 Tue Jul 2024 698.30 690.00 to 707.85 1.2% 0.56 times
01 Mon Jul 2024 690.00 682.70 to 692.00 0.84% 0.29 times
28 Fri Jun 2024 684.25 679.90 to 693.75 0.57% 0.58 times
27 Thu Jun 2024 680.40 678.00 to 705.00 -1.88% 0.6 times
26 Wed Jun 2024 693.45 686.55 to 703.30 0.22% 0.34 times
25 Tue Jun 2024 691.90 687.00 to 701.00 -0.56% 0.41 times
24 Mon Jun 2024 695.80 693.00 to 707.55 -1.61% 0.31 times
21 Fri Jun 2024 707.20 688.10 to 712.80 1.86% 0.75 times
20 Thu Jun 2024 694.30 685.60 to 700.00 1.14% 0.55 times

Technical analysis forecast of Shankara Bldg Product 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 Shankara Bldg Product Ltd SHANKARA at this time. Stock is rising and might rise more.

It appears as if Shankara Bldg Product Ltd SHANKARA gave a large move recently.

Stock of Shankara Bldg Product Ltd (SHANKARA) 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 Shankara Bldg Product Ltd is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 705.8 as stoploss in an intra day sell trade for a target of 696.01. However, stock will show a bullish move above 705.8.

More indepth analysis on MunafaSutra.com