Stock analysis SKM Egg Products Export (India) Limited SKMEGGPROD

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Moving Averages for SKM Egg Products Export (India) Limited

5Day Average: 290.23
12Day Average: 292.03
20Day Average: 273.16
50Day Average: 261.11
100Day Average: 319.48
150Day Average: 353.38
200Day Average: 348.38

SKMEGGPROD Indicators & signals

Indicator MACD (12,26,9)

286.36, 276.18, 7.31
Indicator MACD is in positive zone

Indicator ADX (14)

40.76, 34.48, 14.51
Indicator ADX is indicating that momentum is weak.
Indicator ADX is showing that momentum is towards buying

Indicator RSI (14)

Current RSI is: 62
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of SKMEGGPROD SKM Egg Products Export (India) Limited are as follows: Daily volume is divided by 10 day averaged volume

Date	Close	Range	Change %	Volume
25 Thu Apr 2024	304.00	301.90 to 316.65	-0.7%	0.78 times
24 Wed Apr 2024	306.15	281.95 to 325.00	9.03%	4.48 times
23 Tue Apr 2024	280.80	280.00 to 288.00	-0.35%	0.15 times
22 Mon Apr 2024	281.80	280.50 to 286.90	1.22%	0.14 times
19 Fri Apr 2024	278.40	270.25 to 284.80	-0.32%	0.26 times
18 Thu Apr 2024	279.30	277.00 to 296.75	-2.56%	0.35 times
16 Tue Apr 2024	286.65	278.60 to 294.00	2.03%	0.3 times
15 Mon Apr 2024	280.95	270.00 to 289.00	-4.86%	0.6 times
12 Fri Apr 2024	295.30	293.00 to 304.00	-2.97%	0.4 times
10 Wed Apr 2024	304.35	302.00 to 323.00	-3.78%	0.73 times
09 Tue Apr 2024	316.30	288.10 to 335.00	8.92%	2.59 times
08 Mon Apr 2024	290.40	287.85 to 323.35	-7.57%	1.91 times

Technical analysis forecast of SKM Egg Products Export (India) 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 SKM Egg Products Export (India) Limited SKMEGGPROD at this time. Stock is rising and might rise more.

It appears as if SKM Egg Products Export (India) Limited SKMEGGPROD gave a large move recently.

Stock of SKM Egg Products Export (India) Limited (SKMEGGPROD) 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 SKM Egg Products Export (India) Limited is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 310.2 as stoploss in an intra day sell trade for a target of 278.85. However, stock will show a bullish move above 310.2.

More indepth analysis on MunafaSutra.com