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Stock analysis Walchandnagar Industries Limited WALCHANNAG

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Moving Averages for Walchandnagar Industries Limited

  • 5Day Average: 297.59
  • 12Day Average: 303.24
  • 20Day Average: 307.45
  • 50Day Average: 337.07
  • 100Day Average: 306.24
  • 150Day Average: 263.77
  • 200Day Average: 213.52

WALCHANNAG Indicators & signals

Indicator MACD (12,26,9)

304.08, 312.59, -10.09
Indicator MACD is in negative zone

Indicator ADX (14)

11.72, 16.08, 20.34
Indicator ADX is indicating that momentum is weak.
Momentum is towards selling.

Indicator RSI (14)

Current RSI is: 57
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
09 Wed Oct 2024 316.20 305.05 to 324.00 2.63% 1.91 times
08 Tue Oct 2024 308.10 272.00 to 308.10 10% 2.6 times
07 Mon Oct 2024 280.10 280.10 to 302.90 -5% 0.88 times
04 Fri Oct 2024 294.85 285.00 to 303.10 2.13% 1.46 times
03 Thu Oct 2024 288.70 286.35 to 302.70 -4.21% 1.32 times
01 Tue Oct 2024 301.40 300.10 to 313.65 -1.76% 0.37 times
30 Mon Sep 2024 306.80 296.60 to 308.40 1.54% 0.73 times
27 Fri Sep 2024 302.15 301.00 to 312.00 -1.53% 0.42 times
26 Thu Sep 2024 306.85 304.00 to 315.00 0.67% 0.73 times
25 Wed Sep 2024 304.80 302.10 to 313.05 -1.33% 0.69 times
24 Tue Sep 2024 308.90 307.00 to 320.80 -3.47% 0.8 times
23 Mon Sep 2024 320.00 306.45 to 325.50 1.51% 1.97 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 stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 319.8 as stoploss in an intra day sell trade for a target of 308.92. However, stock will show a bullish move above 319.8.

More indepth analysis on MunafaSutra.com