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Stock analysis Tega Industries Limited TEGA

More indepth analysis on MunafaSutra.com

Moving Averages for Tega Industries Limited

  • 5Day Average: 1448.33
  • 12Day Average: 1385.1
  • 20Day Average: 1341.31
  • 50Day Average: 1256.87
  • 100Day Average: 1179.41
  • 150Day Average: 1102.64
  • 200Day Average: 1075.62

TEGA Indicators & signals

Indicator MACD (12,26,9)

1394.34, 1331.71, 49.53
Indicator MACD is in positive zone

Indicator ADX (14)

60.45, 29.44, 7.26
Indicator ADX is indicating that momentum is still strong.
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 TEGA Tega Industries Limited are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
23 Tue Apr 2024 1492.25 1434.20 to 1500.00 2.97% 1.04 times
22 Mon Apr 2024 1449.25 1415.00 to 1455.00 0.66% 0.56 times
19 Fri Apr 2024 1439.80 1397.00 to 1464.00 0.04% 0.82 times
18 Thu Apr 2024 1439.20 1410.00 to 1474.85 1.27% 2.43 times
16 Tue Apr 2024 1421.15 1329.40 to 1434.25 5.14% 2.11 times
15 Mon Apr 2024 1351.70 1311.30 to 1365.00 -1.19% 0.71 times
12 Fri Apr 2024 1368.00 1305.70 to 1385.00 4.4% 0.98 times
10 Wed Apr 2024 1310.30 1303.05 to 1346.20 -1.85% 0.27 times
09 Tue Apr 2024 1335.05 1325.40 to 1357.90 -0.55% 0.32 times
08 Mon Apr 2024 1342.40 1317.55 to 1355.00 1.34% 0.51 times
05 Fri Apr 2024 1324.60 1298.95 to 1365.45 -1.7% 1.28 times
04 Thu Apr 2024 1347.45 1315.00 to 1361.00 0.54% 0.63 times

Technical analysis forecast of Tega Industries 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 Tega Industries Limited TEGA at this time. Stock is rising and might rise more.

It appears as if Tega Industries Limited TEGA gave a large move recently.

Stock of Tega Industries Limited (TEGA) 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!

Although my analysis for Tega Industries Limited is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 1515.8, for a target of 1427.6 or 1354.04

More indepth analysis on MunafaSutra.com