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Stock analysis Shiva Mills Limited SHIVAMILLS

More indepth analysis on MunafaSutra.com

Moving Averages for Shiva Mills Limited

  • 5Day Average: 87.37
  • 12Day Average: 91.8
  • 20Day Average: 91.69
  • 50Day Average: 92.4
  • 100Day Average: 92.84
  • 150Day Average: 93.51
  • 200Day Average: 93.11

SHIVAMILLS Indicators & signals

Indicator MACD (12,26,9)

90.13, 91.45, -0.37
Indicator MACD is in negative zone

Indicator ADX (14)

18.39, 24.13, 16.64
Indicator ADX is indicating that momentum is weak.
Indicator ADX is showing that momentum is towards buying

Indicator RSI (14)

Current RSI is: 54
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of SHIVAMILLS Shiva Mills Limited are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
19 Tue Nov 2024 86.51 84.52 to 93.50 1.88% 0.64 times
18 Mon Nov 2024 84.91 84.25 to 88.35 -2.5% 0.53 times
14 Thu Nov 2024 87.09 85.55 to 90.00 -0.37% 0.6 times
13 Wed Nov 2024 87.41 85.98 to 90.99 -3.87% 0.39 times
12 Tue Nov 2024 90.93 90.26 to 95.99 -4.82% 0.64 times
11 Mon Nov 2024 95.53 94.36 to 101.96 -2.34% 1.21 times
08 Fri Nov 2024 97.82 93.98 to 108.00 4.55% 5.55 times
07 Thu Nov 2024 93.56 92.11 to 96.52 -0.38% 0.39 times
06 Wed Nov 2024 93.92 93.39 to 96.78 -0.52% 0.31 times
05 Tue Nov 2024 94.41 90.86 to 95.90 1.02% 0.27 times
04 Mon Nov 2024 93.46 92.01 to 96.70 -2.64% 0.1 times
01 Fri Nov 2024 95.99 92.71 to 98.45 1.43% 0.25 times

Technical analysis forecast for Shiva Mills 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 Shiva Mills Limited SHIVAMILLS at this time. Stock is falling and might fall more.

It appears as if Shiva Mills Limited SHIVAMILLS gave a large move recently.

Stock of Shiva Mills Limited (SHIVAMILLS) 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 Shiva Mills Limited is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if Shiva Mills Limited stays below 87.7, but if it comes above 87.7, then a intra day buy could be more profitable.
If you take a sell trade below 87.7, then use 87.7 as stoploss and 83.7 as target. However if you take a buy trade in Shiva Mills Limited, then use 87.7 as stoploss and 91.06 as target.

More indepth analysis on MunafaSutra.com