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Stock analysis Walchandnagar Industries Limited WALCHANNAG

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Moving Averages for Walchandnagar Industries Limited

  • 5Day Average: 230.87
  • 12Day Average: 232.6
  • 20Day Average: 222.04
  • 50Day Average: 211.92
  • 100Day Average: 163.45
  • 150Day Average: 128.78
  • 200Day Average: 114.29

WALCHANNAG Indicators & signals

Indicator MACD (12,26,9)

229.72, 222.61, 7.53
Indicator MACD is in positive zone

Indicator ADX (14)

15.4, 28.6, 20.96
Indicator ADX is indicating that momentum is weak.
Indicator ADX is showing that momentum is towards buying

Indicator RSI (14)

Current RSI is: 55
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
28 Fri Jun 2024 235.32 224.13 to 235.32 5% 1.55 times
27 Thu Jun 2024 224.12 220.51 to 230.00 -1.63% 0.39 times
26 Wed Jun 2024 227.83 226.00 to 234.90 -1.29% 0.45 times
25 Tue Jun 2024 230.81 229.25 to 241.50 -2.31% 0.57 times
24 Mon Jun 2024 236.26 235.10 to 244.93 -2.08% 0.56 times
21 Fri Jun 2024 241.27 235.18 to 247.30 -1.22% 1.26 times
20 Thu Jun 2024 244.25 242.22 to 250.00 0.49% 0.9 times
19 Wed Jun 2024 243.07 236.00 to 249.40 0.64% 1.86 times
18 Tue Jun 2024 241.52 232.00 to 241.52 5% 1.78 times
14 Fri Jun 2024 230.02 214.01 to 230.03 4.99% 1.69 times
13 Thu Jun 2024 219.08 215.24 to 222.00 0.67% 0.54 times
12 Wed Jun 2024 217.63 216.99 to 228.19 -2.26% 1.07 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 241.5 as stoploss in an intra day sell trade for a target of 225.72. However, stock will show a bullish move above 241.5.

More indepth analysis on MunafaSutra.com