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Stock analysis Vardhman Textiles Limited VTL

More indepth analysis on MunafaSutra.com

Moving Averages for Vardhman Textiles Limited

  • 5Day Average: 300.02
  • 12Day Average: 307.4
  • 20Day Average: 309.27
  • 50Day Average: 307.81
  • 100Day Average: 321.52
  • 150Day Average: 327.66
  • 200Day Average: 317.26

VTL Indicators & signals

Indicator MACD (12,26,9)

304.05, 307.18, -0.96
Indicator MACD is in negative zone

Indicator ADX (14)

20.24, 13.31, 20.06
Indicator ADX is indicating that momentum is weak.
Momentum is towards selling.

Indicator RSI (14)

Current RSI is: 53
Indicator RSI is indicating buying momentum and stock might rise.

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

Date Close Range Change % Volume
21 Tue Mar 2023 292.95 291.60 to 299.00 -1.31% 0.47 times
20 Mon Mar 2023 296.85 292.15 to 307.80 -0.74% 0.62 times
17 Fri Mar 2023 299.05 296.25 to 304.15 -0.65% 1.12 times
16 Thu Mar 2023 301.00 295.00 to 308.50 -2.98% 2.49 times
15 Wed Mar 2023 310.25 302.60 to 314.00 2.75% 0.37 times
14 Tue Mar 2023 301.95 300.00 to 306.95 -1.63% 1.28 times
13 Mon Mar 2023 306.95 303.85 to 316.20 -2.17% 0.96 times
10 Fri Mar 2023 313.75 312.10 to 323.00 -1.26% 1.17 times
09 Thu Mar 2023 317.75 313.45 to 324.85 -0.34% 0.69 times
08 Wed Mar 2023 318.85 311.10 to 322.25 0.9% 0.67 times
06 Mon Mar 2023 316.00 313.75 to 320.80 0.81% 0.62 times
03 Fri Mar 2023 313.45 308.70 to 318.75 1.05% 3.45 times

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

It appears as if Vardhman Textiles Limited VTL gave a large move recently.

Stock of Vardhman Textiles Limited (VTL) 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 Textiles 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 290, for a target of 298.9 or 306.27

More indepth analysis on MunafaSutra.com