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Stock analysis Vardhman Polytex Limited VARDMNPOLY

More indepth analysis on MunafaSutra.com

Moving Averages for Vardhman Polytex Limited

  • 5Day Average: 12.28
  • 12Day Average: 11.63
  • 20Day Average: 10.9
  • 50Day Average: 9.86
  • 100Day Average: 22.42
  • 150Day Average: 22.52
  • 200Day Average: 21.75

VARDMNPOLY Indicators & signals

Indicator MACD (12,26,9)

11.72, 11.07, 0.39
Indicator MACD is in positive zone

Indicator ADX (14)

61.11, 41.43, 10
Indicator ADX is indicating that momentum is still strong.
Indicator ADX is showing that momentum is towards buying

Indicator RSI (14)

Current RSI is: 52
Indicator RSI is indicating buying momentum and stock might rise.

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

Date Close Range Change % Volume
03 Tue Sep 2024 12.57 12.50 to 13.60 -3.01% 3.78 times
02 Mon Sep 2024 12.96 12.96 to 12.96 4.94% 0.66 times
30 Fri Aug 2024 12.35 12.35 to 12.35 4.93% 0.17 times
29 Thu Aug 2024 11.77 11.39 to 11.77 0% 0.35 times
29 Thu Aug 2024 11.77 11.39 to 11.77 0% 0.35 times
29 Thu Aug 2024 11.77 11.39 to 11.77 5% 0.35 times
28 Wed Aug 2024 11.21 10.46 to 11.21 -7.43% 2.91 times
27 Tue Aug 2024 12.11 11.04 to 12.13 4.76% 1.91 times
26 Mon Aug 2024 11.56 10.76 to 11.57 4.9% 1.96 times
23 Fri Aug 2024 11.02 10.91 to 11.02 4.95% 0.32 times
22 Thu Aug 2024 10.50 10.01 to 10.51 4.9% 1.03 times
21 Wed Aug 2024 10.01 10.00 to 10.37 0% 0.36 times

Technical analysis forecast of Vardhman Polytex 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 Vardhman Polytex Limited VARDMNPOLY at this time. Stock is rising and might rise more.

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

Stock of Vardhman Polytex Limited (VARDMNPOLY) 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!

My analysis of Vardhman Polytex Limited is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if Vardhman Polytex Limited stays above 12.3, but if it comes below 12.3, then a intra day sell could be more profitable.
If you take a sell trade below 12.3, then use 12.3 as stoploss and 11.22 as target. However if you take a buy trade in Vardhman Polytex Limited, then use 12.3 as stoploss and 13.7 as target.

More indepth analysis on MunafaSutra.com