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522241 Mmforgings Ltd Buy Sell analysis.

522241 Mmforgings Ltd Buy Sell analysis.

522241 Mmforgings Ltd trades in BSE under Other Industrial Products Other Industrial Products

Moving Averages for Mmforgings Ltd

  • 5Day Average: 554.29
  • 12Day Average: 564.81
  • 20Day Average: 554.54
  • 50Day Average: 532.3
  • 100Day Average: 576.67

Indicator MACD (12,26,9)

556.16, 548.94, 9.3
MACD is in positive zone

Indicator ADX (14)

16.37, 32.46, 23.33
ADX is indicating that momentum is weak.
Momentum is towards buying

Indicator RSI (14)

Current RSI is: 55
RSI is indicating buying momentum

Recent prices of 522241 Mmforgings Ltd are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
25 Mon Mar 2019542.05542.05 to 548.00-3.02%0.01 times
22 Fri Mar 2019558.95548.00 to 565.00-0.60%0.42 times
20 Wed Mar 2019562.35548.00 to 570.002.70%1.05 times
19 Tue Mar 2019547.55544.95 to 567.90-2.32%4.55 times
18 Mon Mar 2019560.55555.10 to 579.95-0.36%0.91 times
15 Fri Mar 2019562.55562.00 to 568.00-0.56%0.22 times
14 Thu Mar 2019565.70564.35 to 576.25-1.85%0.86 times
13 Wed Mar 2019576.35574.00 to 589.30-1.92%0.63 times
12 Tue Mar 2019587.65579.05 to 589.902.77%0.26 times
11 Mon Mar 2019571.80570.25 to 576.000.93%0.07 times
08 Fri Mar 2019566.55560.00 to 571.25-1.58%1.02 times
07 Thu Mar 2019575.65564.30 to 580.002.79%1.82 times

522241 Mmforgings Ltd Buy Sell analysis.

Stock is 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 Mmforgings Ltd 522241 at this time.

It appears as if Mmforgings Ltd 522241 gave a large move recently.

Stock of Mmforgings Ltd (522241) is trading below an important moving average line, but it crossed this line recently, which means that it could show a small or a large recovery soon enough depending on its trend.

My analysis of Mmforgings Ltd is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 534.7 as stoploss in an intra day buy trade for a target of 554.54. However, stock will show a bearish move below 534.7.

Quick Charts: All in One charts   Weekly charts   Monthly charts   Renko charts (2)   Renko charts (5)  

522241 Mmforgings Ltd Buy Sell analysis.