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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: 639.33
  • 12Day Average: 643.02
  • 20Day Average: 674.4
  • 50Day Average: 728.3
  • 100Day Average: 722.06
  • 150Day Average: 738.12
  • 200Day Average: 741.66

SHANKARA Indicators & signals

Indicator MACD (12,26,9)

653.33, 682.7, -28.39
Indicator MACD is in negative zone

Indicator ADX (14)

37.15, 11.99, 26.17
Indicator ADX is indicating that momentum is weak.
Momentum is towards selling.

Indicator RSI (14)

Current RSI is: 41
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
28 Thu Mar 2024 641.15 632.05 to 663.50 0.95% 2.16 times
27 Wed Mar 2024 635.10 630.45 to 648.95 -1.58% 1.09 times
26 Tue Mar 2024 645.30 640.50 to 655.85 0.58% 1.62 times
22 Fri Mar 2024 641.55 634.90 to 649.40 1.26% 0.98 times
21 Thu Mar 2024 633.55 631.60 to 648.00 -0.6% 0.83 times
20 Wed Mar 2024 637.40 632.35 to 648.90 -0.69% 0.53 times
19 Tue Mar 2024 641.85 638.00 to 658.20 -1.95% 0.43 times
18 Mon Mar 2024 654.60 639.00 to 658.00 1.28% 0.67 times
15 Fri Mar 2024 646.35 629.05 to 654.30 0.25% 1.25 times
14 Thu Mar 2024 644.75 632.05 to 655.00 1.9% 1.28 times
13 Wed Mar 2024 632.75 626.00 to 677.50 -4.4% 1.31 times
12 Tue Mar 2024 661.90 650.00 to 689.00 -3.66% 2.6 times

Technical analysis forecast for Shankara Bldg Product 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 Shankara Bldg Product Ltd SHANKARA at this time. Stock is falling and might fall more.

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

Stock of Shankara Bldg Product Ltd (SHANKARA) 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 Shankara Bldg Product Ltd is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 630.9 as stoploss in an intra day buy trade for a target of 671.76. However, stock will show a bearish move below 630.9.

More indepth analysis on MunafaSutra.com