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Stock analysis Shoppers Stop Limited SHOPERSTOP

More indepth analysis on MunafaSutra.com

Moving Averages for Shoppers Stop Limited

  • 5Day Average: 823.55
  • 12Day Average: 790
  • 20Day Average: 772.55
  • 50Day Average: 752.13
  • 100Day Average: 746.93
  • 150Day Average: 734.19
  • 200Day Average: 717.31

SHOPERSTOP Indicators & signals

Indicator MACD (12,26,9)

801.75, 777.2, 14.32
Indicator MACD is in positive zone

Indicator ADX (14)

72.68, 35.94, 5.69
Indicator ADX is indicating that momentum is still strong.
Indicator ADX is showing that momentum is towards buying

Indicator RSI (14)

Current RSI is: 57
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of SHOPERSTOP Shoppers Stop Limited are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
12 Fri Jul 2024 851.50 829.05 to 867.90 1.71% 0.81 times
11 Thu Jul 2024 837.20 831.80 to 881.70 -6.56% 2.45 times
10 Wed Jul 2024 895.95 767.00 to 920.00 16.8% 5.81 times
09 Tue Jul 2024 767.10 762.20 to 788.35 0.14% 0.11 times
08 Mon Jul 2024 766.00 763.75 to 803.15 -2.82% 0.71 times
05 Fri Jul 2024 788.25 769.00 to 791.00 0.44% 0.14 times
04 Thu Jul 2024 784.80 769.90 to 792.95 1.78% 0.29 times
03 Wed Jul 2024 771.10 751.00 to 774.35 1.8% 0.14 times
02 Tue Jul 2024 757.50 751.00 to 760.90 -0.45% 0.07 times
01 Mon Jul 2024 760.95 746.20 to 763.20 0.89% 0.09 times
28 Fri Jun 2024 754.25 749.00 to 760.00 1.18% 0.2 times
27 Thu Jun 2024 745.45 735.05 to 757.10 -0.4% 0.11 times

Technical analysis forecast of Shoppers Stop Limited 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 Shoppers Stop Limited SHOPERSTOP at this time. Stock is rising and might rise more.

It appears as if Shoppers Stop Limited SHOPERSTOP gave a large move recently.

Stock of Shoppers Stop Limited (SHOPERSTOP) 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 Shoppers Stop Limited is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if Shoppers Stop Limited stays above 826.2, but if it comes below 826.2, then a intra day sell could be more profitable.
If you take a sell trade below 826.2, then use 826.2 as stoploss and 784.94 as target. However if you take a buy trade in Shoppers Stop Limited, then use 826.2 as stoploss and 875.7 as target.

More indepth analysis on MunafaSutra.com