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Stock analysis Sharda Cropchem Limited SHARDACROP

More indepth analysis on MunafaSutra.com

Moving Averages for Sharda Cropchem Limited

  • 5Day Average: 449.02
  • 12Day Average: 462.72
  • 20Day Average: 467.62
  • 50Day Average: 475.05
  • 100Day Average: 457.37
  • 150Day Average: 463.94
  • 200Day Average: 503.15

SHARDACROP Indicators & signals

Indicator MACD (12,26,9)

457.74, 465.7, -4.88
Indicator MACD is in negative zone

Indicator ADX (14)

32.14, 13.73, 26.75
Indicator ADX is indicating that momentum is weak.
Momentum is towards selling.

Indicator RSI (14)

Current RSI is: 55
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of SHARDACROP Sharda Cropchem Limited are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
21 Tue Mar 2023 451.10 437.25 to 457.65 2.9% 1.26 times
20 Mon Mar 2023 438.40 432.40 to 452.00 -1.37% 0.77 times
17 Fri Mar 2023 444.50 442.00 to 459.95 -1.9% 1.1 times
16 Thu Mar 2023 453.10 431.00 to 457.90 -1.07% 3 times
15 Wed Mar 2023 458.00 450.25 to 463.30 2.91% 0.89 times
14 Tue Mar 2023 445.05 444.10 to 464.65 -3.59% 0.99 times
13 Mon Mar 2023 461.60 460.00 to 473.65 -1.78% 0.61 times
10 Fri Mar 2023 469.95 467.80 to 479.55 -1.68% 0.46 times
09 Thu Mar 2023 478.00 476.50 to 490.15 -1.4% 0.39 times
08 Wed Mar 2023 484.80 482.00 to 491.35 -0.65% 0.39 times
06 Mon Mar 2023 487.95 480.75 to 495.60 1.61% 1.41 times
03 Fri Mar 2023 480.20 473.05 to 484.90 0.98% 0.63 times

Technical analysis forecast for Sharda Cropchem Limited 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 Sharda Cropchem Limited SHARDACROP at this time. Stock is falling and might fall more.

It appears as if Sharda Cropchem Limited SHARDACROP gave a large move recently.

Stock of Sharda Cropchem Limited (SHARDACROP) 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 Sharda Cropchem Limited is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 448.9 as stoploss in an intra day buy trade for a target of 463.22. However, stock will show a bearish move below 448.9.

More indepth analysis on MunafaSutra.com