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Stock analysis Sigachi Industries Ltd SIGACHI

More indepth analysis on MunafaSutra.com

Moving Averages for Sigachi Industries Ltd

  • 5Day Average: 57.73
  • 12Day Average: 58.36
  • 20Day Average: 64.82
  • 50Day Average: 73.81
  • 100Day Average: 64.26
  • 150Day Average: 126.42
  • 200Day Average: 170.61

SIGACHI Indicators & signals

Indicator MACD (12,26,9)

60.08, 65.52, -4.9
Indicator MACD is in negative zone

Indicator ADX (14)

45.63, 12.2, 32.68
Indicator ADX is indicating that momentum is weak.
Momentum is towards selling.

Indicator RSI (14)

Current RSI is: 40
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
28 Thu Mar 2024 55.70 55.40 to 58.35 -1.15% 0.9 times
27 Wed Mar 2024 56.35 56.00 to 58.55 -2.59% 0.79 times
26 Tue Mar 2024 57.85 57.65 to 61.00 -3.58% 0.76 times
22 Fri Mar 2024 60.00 58.75 to 60.50 2.13% 0.61 times
21 Thu Mar 2024 58.75 58.10 to 59.70 2.17% 0.61 times
20 Wed Mar 2024 57.50 56.65 to 59.40 0.09% 0.79 times
19 Tue Mar 2024 57.45 57.00 to 59.15 -2.38% 0.54 times
18 Mon Mar 2024 58.85 58.35 to 61.05 -0.34% 0.84 times
15 Fri Mar 2024 59.05 56.55 to 61.15 -0.51% 1.15 times
14 Thu Mar 2024 59.35 55.00 to 61.50 5.32% 1.61 times
13 Wed Mar 2024 56.35 55.00 to 63.95 -10.77% 2.3 times
12 Tue Mar 2024 63.15 54.00 to 64.90 5.51% 7.3 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, 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 Sigachi Industries Ltd is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 54.1 as stoploss in an intra day buy trade for a target of 63.64. However, stock will show a bearish move below 54.1.

More indepth analysis on MunafaSutra.com