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Stock analysis Varroc Engineering Ltd. VARROC

More indepth analysis on MunafaSutra.com

Moving Averages for Varroc Engineering Ltd.

  • 5Day Average: 681.01
  • 12Day Average: 626.06
  • 20Day Average: 599.12
  • 50Day Average: 554.64
  • 100Day Average: 536.54
  • 150Day Average: 537.71
  • 200Day Average: 519.99

VARROC Indicators & signals

Indicator MACD (12,26,9)

639.83, 601.36, 27.78
Indicator MACD is in positive zone

Indicator ADX (14)

48.21, 33.39, 11.67
Indicator ADX is indicating that momentum is weak.
Indicator ADX is showing that momentum is towards buying

Indicator RSI (14)

Current RSI is: 58
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of VARROC Varroc Engineering Ltd. are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
19 Wed Jun 2024 678.10 669.25 to 699.90 -2.42% 0.28 times
18 Tue Jun 2024 694.90 681.00 to 707.80 2% 0.42 times
14 Fri Jun 2024 681.30 670.40 to 716.90 1.51% 1.22 times
13 Thu Jun 2024 671.15 666.20 to 686.00 -1.24% 0.32 times
12 Wed Jun 2024 679.60 656.95 to 697.00 2.12% 1.16 times
11 Tue Jun 2024 665.50 612.45 to 698.65 7.19% 5.03 times
10 Mon Jun 2024 620.85 582.50 to 625.00 6.47% 0.67 times
07 Fri Jun 2024 583.10 579.15 to 590.60 -0.3% 0.11 times
06 Thu Jun 2024 584.85 563.75 to 598.00 0.73% 0.27 times
05 Wed Jun 2024 580.60 503.05 to 590.00 13.2% 0.44 times
04 Tue Jun 2024 512.90 504.25 to 559.95 -8.39% 0.34 times
03 Mon Jun 2024 559.85 552.55 to 574.90 0.47% 0.13 times

Technical analysis forecast of Varroc Engineering Ltd. 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 Varroc Engineering Ltd. VARROC at this time. Stock is rising and might rise more.

It appears as if Varroc Engineering Ltd. VARROC gave a large move recently.

Stock of Varroc Engineering Ltd. (VARROC) 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 Varroc Engineering Ltd. is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if Varroc Engineering Ltd. stays above 670.5, but if it comes below 670.5, then a intra day sell could be more profitable.
If you take a sell trade below 670.5, then use 670.5 as stoploss and 614.46 as target. However if you take a buy trade in Varroc Engineering Ltd., then use 670.5 as stoploss and 737.8 as target.

More indepth analysis on MunafaSutra.com