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Stock analysis Vardhman Polytex Limited VARDMNPOLY

More indepth analysis on MunafaSutra.com

Moving Averages for Vardhman Polytex Limited

  • 5Day Average: 10.7
  • 12Day Average: 9.94
  • 20Day Average: 10.17
  • 50Day Average: 38.78
  • 100Day Average: 29.54
  • 150Day Average: 26.24
  • 200Day Average: 24.95

VARDMNPOLY Indicators & signals

Indicator MACD (12,26,9)

12.66, 21.96, -10.48
Indicator MACD is in negative zone

Indicator ADX (14)

31.27, 27.73, 52.96
Indicator ADX is indicating that momentum is weak.
Momentum is towards selling.

Indicator RSI (14)

Current RSI is: 35
Indicator RSI is indicating selling pressure and stock might fall.

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

Date Close Range Change % Volume
14 Fri Jun 2024 11.12 11.00 to 11.62 0.09% 1.11 times
13 Thu Jun 2024 11.11 10.82 to 11.20 4.12% 1.48 times
12 Wed Jun 2024 10.67 10.22 to 10.71 4.61% 1.41 times
11 Tue Jun 2024 10.20 9.91 to 10.90 -1.83% 1.85 times
10 Mon Jun 2024 10.39 9.74 to 10.39 4.95% 0.76 times
07 Fri Jun 2024 9.90 9.60 to 9.90 4.76% 1.02 times
06 Thu Jun 2024 9.45 9.05 to 9.50 4.42% 0.75 times
05 Wed Jun 2024 9.05 8.70 to 9.40 -1.09% 0.83 times
04 Tue Jun 2024 9.15 9.15 to 9.80 -4.69% 0.57 times
03 Mon Jun 2024 9.60 9.55 to 10.00 0.52% 0.79 times
31 Fri May 2024 9.55 9.10 to 9.55 4.95% 0.54 times
30 Thu May 2024 9.10 9.10 to 9.80 -4.71% 2.59 times

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

It appears as if Vardhman Polytex Limited VARDMNPOLY gave a large move recently.

Stock of Vardhman Polytex Limited (VARDMNPOLY) 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...

Although my analysis for Vardhman Polytex Limited is bearish for shortterm, but stock is in heavy over sold zones and there are high chances of some recovery tomorrow. You might want to buy the stock tomorrow in intra day with a stoploss of 16.4, for a target of 17.5 or 18.3

More indepth analysis on MunafaSutra.com