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(MADRASFERT) Madras Fertilizers complete technical analysis [charts+indicators] | Buy/Sell Madras Fertilizers | (MADRASFERT) share price targets

Complete technical analysis of Madras Fertilizers (MADRASFERT) by charts plus indicators, forecast predictions and share price targets for Madras Fertilizers (MADRASFERT)

Showing technical analysis as on 2024-03-21 View latest technical analysis

10 day averaged volume of Madras Fertilizers is 439562

Date	Daily Closing Price	Open	High	Low	Volume
21 Thu Mar 2024	81.90	81.25	83.25	81.10	0.921 times
20 Wed Mar 2024	80.80	81.40	82.60	78.30	0.947 times
19 Tue Mar 2024	80.95	84.45	85.00	80.10	1.261 times
18 Mon Mar 2024	84.15	84.15	85.35	82.85	0.525 times
15 Fri Mar 2024	83.50	82.90	85.50	78.50	1.113 times
14 Thu Mar 2024	83.05	77.75	85.25	76.40	1.583 times
13 Wed Mar 2024	79.10	88.50	89.65	75.45	1.231 times
12 Tue Mar 2024	88.40	91.50	91.65	85.75	1.036 times
11 Mon Mar 2024	91.35	92.35	94.70	90.05	0.738 times
07 Thu Mar 2024	92.35	92.30	95.40	92.00	0.853 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 83.7, but if it comes above 83.7, then a intra day buy could be more profitable.
If you take a sell trade below 83.7, then use 83.7 as stoploss and 75.3 as target. However if you take a buy trade in stock , then use 83.7 as stoploss and 90.68 as target.

Share price targets for Madras Fertilizers (MADRASFERT)

Target Type	Value
Downside Target	75.45
Downside Target	78.30
Upside Target	83.40
Upside Target	85.35
Upside Target	91.00
Upside Target	93.05
Upside Target	97.70
Upside Target	102.00
Upside Target	103.30
Upside Target	103.95
Upside Target	106.40
Upside Target	114.00
Upside Target	118.95
Upside Target	124.35

Intraday share price targets for Madras Fertilizers (MADRASFERT)

Target Type	Value
Downside Intraday Target	78.35
Downside Intraday Target	74.8
Upside Intraday Target	85.4
Upside Intraday Target	88.9
Downside Intraday Target	81.85

Weekly technical analysis of Madras Fertilizers (MADRASFERT)

Date	Weekly Closing Price	Open	High	Low	Volume
21 Thu Mar 2024	81.90	84.15	85.35	78.30	0.641 times
15 Fri Mar 2024	83.50	92.35	94.70	75.45	2.142 times
07 Thu Mar 2024	92.35	99.05	99.50	91.00	0.592 times
02 Sat Mar 2024	97.95	99.35	103.30	93.85	0.853 times
23 Fri Feb 2024	98.80	99.90	103.95	97.70	0.518 times

Price has moved down this week, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming weeks.

Monthly technical analysis of Madras Fertilizers (MADRASFERT)

Date	Monthly Closing Price	Open	High	Low	Volume
21 Thu Mar 2024	81.90	97.00	102.00	75.45	0.354 times
29 Thu Feb 2024	95.90	115.05	118.95	93.05	0.303 times
31 Wed Jan 2024	114.85	111.20	124.35	106.40	0.567 times
29 Fri Dec 2023	110.70	79.85	114.00	79.20	8.148 times

Scroll below to view daily charts

Price has moved down this month, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming months.

Indicators analysis of Madras Fertilizers (MADRASFERT)

Price action analysis of Madras Fertilizers ( (MADRASFERT) ) based on a short term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

Price action analysis of Madras Fertilizers ( (MADRASFERT) ) based on a short term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

Price action analysis of Madras Fertilizers ( (MADRASFERT) ) based on a short to mid term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Price action analysis of Madras Fertilizers ( (MADRASFERT) ) based on a mid to longer term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

ADX buy sell signal for Madras Fertilizers stock for short term is SELL. Signal strength is Strong and stock is losing momentum.

MACD generated a SELL signal for Madras Fertilizers in short term and the sell signal is strong.

Madras Fertilizers Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.

Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be moving up

CCI has generated a buy signal for Madras Fertilizers in short term but BUY signal is weak.

RSI is generating a SELL signal in short term and selling is picking up momentum.

MRSI is in negative zone. This is the SELL zone

Stock of Madras Fertilizers is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 84.03 and Madras Fertilizers (MADRASFERT) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down

People seem to be coming out and selling the Madras Fertilizers (MADRASFERT) stock. Volume based technical analysis of Madras Fertilizers (MADRASFERT) stock is negative.

Madras Fertilizers Stock has given negative returns over a short term period. Returns for a longer term period have been negative.

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.