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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 2024-04-04 View latest technical analysis

10 day averaged volume of Madras Fertilizers is 540340

Date	Daily Closing Price	Open	High	Low	Volume
04 Thu Apr 2024	91.90	93.05	93.45	90.80	0.574 times
03 Wed Apr 2024	92.05	88.50	93.30	87.95	2.059 times
02 Tue Apr 2024	88.45	86.00	89.60	85.55	0.852 times
01 Mon Apr 2024	86.85	81.70	87.70	81.50	1.067 times
28 Thu Mar 2024	81.00	83.25	83.45	80.50	0.919 times
27 Wed Mar 2024	82.85	81.05	84.20	80.85	1.424 times
26 Tue Mar 2024	80.95	82.00	83.15	80.50	0.48 times
22 Fri Mar 2024	82.50	81.75	84.20	81.30	0.653 times
21 Thu Mar 2024	81.90	81.25	83.25	81.10	0.749 times
20 Wed Mar 2024	80.80	81.40	82.60	78.30	0.771 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 90.9, but if it comes below 90.9, then a intra day sell could be more profitable.
If you take a sell trade below 90.9, then use 90.9 as stoploss and 85.98 as target. However if you take a buy trade in stock , then use 90.9 as stoploss and 96.8 as target.

Share price targets for Madras Fertilizers (MADRASFERT)

Target Type	Value
Downside Target	75.45
Downside Target	78.30
Downside Target	84.20
Downside Target	91.00
Upside Target	93.05
Upside Target	94.70
Upside Target	99.50
Upside Target	102.00
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	84.45
Downside Intraday Target	77
Upside Intraday Target	96.4
Upside Intraday Target	100.9
Downside Intraday Target	88.95

Weekly technical analysis of Madras Fertilizers (MADRASFERT)

Date	Weekly Closing Price	Open	High	Low	Volume
04 Thu Apr 2024	91.90	81.70	93.45	81.50	1.613 times
28 Thu Mar 2024	81.00	82.00	84.20	80.50	0.778 times
22 Fri Mar 2024	82.50	84.15	85.35	78.30	0.782 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

Price has moved up this week, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Madras Fertilizers (MADRASFERT)

Date	Monthly Closing Price	Open	High	Low	Volume
04 Thu Apr 2024	91.90	81.70	93.45	81.50	0.33 times
28 Thu Mar 2024	81.00	97.00	102.00	75.45	0.474 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

Scroll below to view daily charts

Price has moved up 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 definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of Madras Fertilizers ( (MADRASFERT) ) based on a short to mid term time period is positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

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 BUY. Signal strength is Weak and stock is gaining momentum.

MACD generated a BUY signal for Madras Fertilizers in short term but the buy signal is initial and weak.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Madras Fertilizers Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting tired and bears are picking up momentum.

Ichimoku cloud is of red color and prices are in or above the red cloud Prices appear to be coming down

CCI has generated a buy signal for Madras Fertilizers in short term and BUY signal is strong.

RSI is generating a BUY signal in short term and the buying is gaining 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 85.79 and Madras Fertilizers (MADRASFERT) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is rising upwards.

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 is giving positive 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.