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Stock analysis Sigachi Industries Ltd SIGACHI

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Moving Averages for Sigachi Industries Ltd

  • 5Day Average: 61.27
  • 12Day Average: 61.21
  • 20Day Average: 61.88
  • 50Day Average: 64.51
  • 100Day Average: 66.84
  • 150Day Average: 66.51
  • 200Day Average: 78.97

SIGACHI Indicators & signals

Indicator MACD (12,26,9)

61.58, 62.48, -1.04
Indicator MACD is in negative zone

Indicator ADX (14)

1.92, 23.98, 23.08
Indicator ADX is indicating that momentum is weak.
Indicator ADX is showing that momentum is towards buying

Indicator RSI (14)

Current RSI is: 59
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of SIGACHI Sigachi Industries Ltd are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
12 Fri Jul 2024 60.94 60.85 to 61.63 -0.73% 0.42 times
11 Thu Jul 2024 61.39 61.21 to 63.13 -2.12% 0.61 times
10 Wed Jul 2024 62.72 59.01 to 64.29 3.36% 3.07 times
09 Tue Jul 2024 60.68 60.07 to 61.23 0.13% 0.38 times
08 Mon Jul 2024 60.60 60.40 to 61.99 -1.48% 0.75 times
05 Fri Jul 2024 61.51 61.25 to 63.00 -1.74% 0.72 times
04 Thu Jul 2024 62.60 62.35 to 64.19 -1.28% 0.68 times
03 Wed Jul 2024 63.41 60.01 to 64.00 5.79% 2.43 times
02 Tue Jul 2024 59.94 59.41 to 60.78 -0.23% 0.39 times
01 Mon Jul 2024 60.08 60.00 to 60.93 -0.61% 0.43 times
28 Fri Jun 2024 60.45 60.01 to 61.49 0.52% 0.53 times
27 Thu Jun 2024 60.14 59.86 to 61.95 -2.04% 0.63 times

Technical analysis forecast for Sigachi Industries 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 Sigachi Industries Ltd SIGACHI at this time. Stock is falling and might fall more.

It appears as if Sigachi Industries Ltd SIGACHI gave a large move recently.

Stock of Sigachi Industries Ltd (SIGACHI) is trading below an important moving average line, but it crossed this line recently, which means that it could show a small or a large recovery soon enough depending on its trend.

My analysis of Sigachi Industries Ltd is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 60.7 as stoploss in an intra day buy trade for a target of 62.08. However, stock will show a bearish move below 60.7.

More indepth analysis on MunafaSutra.com