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Stock analysis Vardhman Acrylics Limited VARDHACRLC

More indepth analysis on MunafaSutra.com

Moving Averages for Vardhman Acrylics Limited

  • 5Day Average: 65.43
  • 12Day Average: 67.5
  • 20Day Average: 67.54
  • 50Day Average: 64.95
  • 100Day Average: 60.76
  • 150Day Average: 58.51
  • 200Day Average: 57.04

VARDHACRLC Indicators & signals

Indicator MACD (12,26,9)

66.4, 66.37, 0.83
Indicator MACD is in positive zone

Indicator ADX (14)

11.54, 20.35, 25.66
Indicator ADX is indicating that momentum is weak.
Momentum is towards selling.

Indicator RSI (14)

Current RSI is: 57
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of VARDHACRLC Vardhman Acrylics Limited are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
29 Thu Feb 2024 63.00 61.70 to 64.50 -0.32% 0.48 times
28 Wed Feb 2024 63.20 62.70 to 66.20 -3.95% 0.83 times
27 Tue Feb 2024 65.80 65.50 to 68.40 -3.02% 0.46 times
26 Mon Feb 2024 67.85 66.65 to 70.00 0.82% 1.55 times
23 Fri Feb 2024 67.30 66.60 to 68.70 -1.03% 0.66 times
22 Thu Feb 2024 68.00 67.05 to 69.40 -0.8% 0.39 times
21 Wed Feb 2024 68.55 67.35 to 71.50 -2% 0.77 times
20 Tue Feb 2024 69.95 68.60 to 71.50 -1.2% 0.84 times
19 Mon Feb 2024 70.80 70.20 to 72.60 1.14% 0.8 times
16 Fri Feb 2024 70.00 68.70 to 72.50 0.5% 1.93 times
15 Thu Feb 2024 69.65 66.10 to 69.95 5.61% 1.77 times
14 Wed Feb 2024 65.95 63.20 to 68.00 2.25% 0.83 times

Technical analysis forecast for Vardhman Acrylics 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 Vardhman Acrylics Limited VARDHACRLC at this time. Stock is falling and might fall more.

It appears as if Vardhman Acrylics Limited VARDHACRLC gave a large move recently.

Stock of Vardhman Acrylics Limited (VARDHACRLC) is trading below an important moving average line, but it crossed this line recently, which means that it could show a small or a large recovery soon enough depending on its trend.

My analysis of Vardhman Acrylics Limited is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if Vardhman Acrylics Limited stays below 63.9, but if it comes above 63.9, then a intra day buy could be more profitable.
If you take a sell trade below 63.9, then use 63.9 as stoploss and 60.8 as target. However if you take a buy trade in Vardhman Acrylics Limited, then use 63.9 as stoploss and 66.57 as target.

More indepth analysis on MunafaSutra.com