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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: 629.09
  • 12Day Average: 629.02
  • 20Day Average: 650.26
  • 50Day Average: 653.44
  • 100Day Average: 592.73
  • 150Day Average: 612.72
  • 200Day Average: 630.11

SHANKARA Indicators & signals

Indicator MACD (12,26,9)

633.61, 643.58, -5.93
Indicator MACD is in negative zone

Indicator ADX (14)

4.09, 18.62, 20.21
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 SHANKARA Shankara Bldg Product Ltd are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
21 Tue Jan 2025 620.65 616.00 to 639.00 -1.55% 0.64 times
20 Mon Jan 2025 630.45 615.00 to 647.35 0.37% 0.55 times
17 Fri Jan 2025 628.10 621.45 to 636.35 -0.2% 0.43 times
16 Thu Jan 2025 629.35 626.10 to 645.15 -1.19% 0.46 times
15 Wed Jan 2025 636.90 628.70 to 653.65 1.81% 1.03 times
14 Tue Jan 2025 625.60 580.10 to 639.95 5.2% 1.13 times
13 Mon Jan 2025 594.70 590.00 to 614.25 0% 1.43 times
13 Mon Jan 2025 594.70 590.00 to 614.25 -1.89% 1.43 times
10 Fri Jan 2025 606.15 602.10 to 640.00 -5.7% 1.92 times
09 Thu Jan 2025 642.80 635.00 to 669.40 -3.21% 0.96 times
08 Wed Jan 2025 664.10 657.00 to 678.00 -1.58% 0.67 times
07 Tue Jan 2025 674.75 657.55 to 679.85 2.26% 0.79 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 606.5 as stoploss in an intra day buy trade for a target of 641.51. However, stock will show a bearish move below 606.5.

More indepth analysis on MunafaSutra.com