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Stock analysis Tainwala Chemical and Plastic (I) Limited TAINWALCHM

More indepth analysis on MunafaSutra.com

Moving Averages for Tainwala Chemical and Plastic (I) Limited

  • 5Day Average: 128.66
  • 12Day Average: 130.7
  • 20Day Average: 131
  • 50Day Average: 126.98
  • 100Day Average: 122.66
  • 150Day Average: 119.84
  • 200Day Average: 113.42

TAINWALCHM Indicators & signals

Indicator MACD (12,26,9)

129.71, 129.62, 0.99
Indicator MACD is in positive zone

Indicator ADX (14)

0.5, 15.33, 15.48
Indicator ADX is indicating that momentum is weak.
Momentum is towards selling.

Indicator RSI (14)

Current RSI is: 60
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of TAINWALCHM Tainwala Chemical and Plastic (I) Limited are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
21 Thu Sep 2023 126.55 126.15 to 130.90 -0.9% 0.37 times
20 Wed Sep 2023 127.70 126.60 to 130.90 -1.05% 1.73 times
18 Mon Sep 2023 129.05 128.05 to 132.30 -0.31% 0.4 times
15 Fri Sep 2023 129.45 128.65 to 133.20 -0.84% 0.52 times
14 Thu Sep 2023 130.55 129.00 to 134.00 -0.19% 0.7 times
13 Wed Sep 2023 130.80 123.05 to 132.45 2.67% 1.24 times
12 Tue Sep 2023 127.40 123.50 to 137.45 -4.39% 1.51 times
11 Mon Sep 2023 133.25 132.05 to 135.90 0.64% 1.16 times
08 Fri Sep 2023 132.40 131.70 to 135.70 -1.3% 0.42 times
07 Thu Sep 2023 134.15 132.35 to 135.70 0.04% 0.65 times
06 Wed Sep 2023 134.10 131.05 to 136.00 0.83% 1.67 times
05 Tue Sep 2023 133.00 132.00 to 135.45 -1.74% 0.78 times

Technical analysis forecast for Tainwala Chemical and Plastic (I) 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 Tainwala Chemical and Plastic (I) Limited TAINWALCHM at this time. Stock is falling and might fall more.

It appears as if Tainwala Chemical and Plastic (I) Limited TAINWALCHM gave a large move recently.

Stock of Tainwala Chemical and Plastic (I) Limited (TAINWALCHM) 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 Tainwala Chemical and Plastic (I) Limited is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if Tainwala Chemical and Plastic (I) Limited stays below 126.7, but if it comes above 126.7, then a intra day buy could be more profitable.
If you take a sell trade below 126.7, then use 126.7 as stoploss and 122.9 as target. However if you take a buy trade in Tainwala Chemical and Plastic (I) Limited, then use 126.7 as stoploss and 129.9 as target.

More indepth analysis on MunafaSutra.com