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Stock analysis Uttam Sugar Mills Limited UTTAMSUGAR

More indepth analysis on MunafaSutra.com

Moving Averages for Uttam Sugar Mills Limited

  • 5Day Average: 324.15
  • 12Day Average: 333.85
  • 20Day Average: 343.94
  • 50Day Average: 357.09
  • 100Day Average: 393.53
  • 150Day Average: 401.16
  • 200Day Average: 384.91

UTTAMSUGAR Indicators & signals

Indicator MACD (12,26,9)

332.82, 344.48, -9.16
Indicator MACD is in negative zone

Indicator ADX (14)

31.99, 15.04, 29.19
Indicator ADX is indicating that momentum is weak.
Momentum is towards selling.

Indicator RSI (14)

Current RSI is: 51
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of UTTAMSUGAR Uttam Sugar Mills Limited are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
27 Wed Mar 2024 315.80 313.00 to 326.85 -0.85% 1.67 times
26 Tue Mar 2024 318.50 314.60 to 338.75 -5.21% 1.6 times
22 Fri Mar 2024 336.00 329.70 to 341.70 1.46% 0.63 times
21 Thu Mar 2024 331.15 321.00 to 333.95 3.71% 0.73 times
20 Wed Mar 2024 319.30 313.55 to 326.15 -0.68% 0.65 times
19 Tue Mar 2024 321.50 318.70 to 334.80 -3.29% 0.81 times
18 Mon Mar 2024 332.45 329.00 to 344.50 -2.15% 0.65 times
15 Fri Mar 2024 339.75 330.00 to 347.95 1.9% 1.26 times
14 Thu Mar 2024 333.40 327.00 to 349.00 -0.88% 0.92 times
13 Wed Mar 2024 336.35 333.30 to 371.55 -6.34% 1.4 times
12 Tue Mar 2024 359.10 351.45 to 381.65 -1.03% 1.35 times
11 Mon Mar 2024 362.85 359.80 to 377.30 -3.16% 0.93 times

Technical analysis forecast for Uttam Sugar Mills 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 Uttam Sugar Mills Limited UTTAMSUGAR at this time. Stock is falling and might fall more.

It appears as if Uttam Sugar Mills Limited UTTAMSUGAR gave a large move recently.

Stock of Uttam Sugar Mills Limited (UTTAMSUGAR) 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 Uttam Sugar Mills Limited is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if Uttam Sugar Mills Limited stays below 321.2, but if it comes above 321.2, then a intra day buy could be more profitable.
If you take a sell trade below 321.2, then use 321.2 as stoploss and 298.5 as target. However if you take a buy trade in Uttam Sugar Mills Limited, then use 321.2 as stoploss and 340.21 as target.

More indepth analysis on MunafaSutra.com