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Stock analysis Walchandnagar Industries Limited WALCHANNAG

More indepth analysis on MunafaSutra.com

Moving Averages for Walchandnagar Industries Limited

  • 5Day Average: 207.65
  • 12Day Average: 210.37
  • 20Day Average: 200.03
  • 50Day Average: 170.26
  • 100Day Average: 116.07
  • 150Day Average: 99.92
  • 200Day Average: 90.16

WALCHANNAG Indicators & signals

Indicator MACD (12,26,9)

207.55, 195.95, 12.9
Indicator MACD is in positive zone

Indicator ADX (14)

16.33, 36.93, 26.56
Indicator ADX is indicating that momentum is weak.
Indicator ADX is showing that momentum is towards buying

Indicator RSI (14)

Current RSI is: 62
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of WALCHANNAG Walchandnagar Industries Limited are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
17 Fri May 2024 219.05 208.90 to 219.05 4.98% 0.57 times
16 Thu May 2024 208.65 202.00 to 213.65 -1.56% 0.42 times
15 Wed May 2024 211.95 209.30 to 214.35 3.82% 1.04 times
14 Tue May 2024 204.15 199.70 to 204.15 4.99% 0.14 times
13 Mon May 2024 194.45 182.65 to 194.45 -5.7% 0.37 times
12 Mon Feb 2024 206.20 206.20 to 216.70 -5% 0.31 times
09 Fri Feb 2024 217.05 217.05 to 231.00 -4.99% 0.69 times
08 Thu Feb 2024 228.45 218.80 to 235.30 1.94% 2.73 times
07 Wed Feb 2024 224.10 222.00 to 224.10 4.99% 0.6 times
06 Tue Feb 2024 213.45 206.75 to 213.45 4.99% 2.47 times
05 Mon Feb 2024 203.30 194.30 to 203.30 4.98% 1.22 times
02 Fri Feb 2024 193.65 182.25 to 198.00 1.52% 1.35 times

Technical analysis forecast of Walchandnagar Industries 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 Walchandnagar Industries Limited WALCHANNAG at this time. Stock is rising and might rise more.

It appears as if Walchandnagar Industries Limited WALCHANNAG gave a large move recently.

Stock of Walchandnagar Industries Limited (WALCHANNAG) is trading above an important moving average line, but it crossed this line recently, which means that it could show a small or a large fall soon enough depending on its trend.

My analysis of Walchandnagar Industries Limited is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if Walchandnagar Industries Limited stays above 217.3, but if it comes below 217.3, then a intra day sell could be more profitable.
If you take a sell trade below 217.3, then use 217.3 as stoploss and 201.46 as target. However if you take a buy trade in Walchandnagar Industries Limited, then use 217.3 as stoploss and 236.3 as target.

More indepth analysis on MunafaSutra.com