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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 2024-04-12 View latest technical analysis

10 day averaged volume of Madras Fertilizers is 507686

Date	Daily Closing Price	Open	High	Low	Volume
12 Fri Apr 2024	89.45	92.00	93.65	88.15	0.566 times
10 Wed Apr 2024	92.50	92.00	93.60	90.40	0.753 times
09 Tue Apr 2024	91.05	91.60	94.15	90.80	0.611 times
08 Mon Apr 2024	91.60	93.90	93.90	91.00	0.362 times
05 Fri Apr 2024	93.25	92.20	94.45	91.10	0.936 times
04 Thu Apr 2024	91.90	93.05	93.45	90.80	0.611 times
03 Wed Apr 2024	92.05	88.50	93.30	87.95	2.191 times
02 Tue Apr 2024	88.45	86.00	89.60	85.55	0.907 times
01 Mon Apr 2024	86.85	81.70	87.70	81.50	1.136 times
28 Thu Mar 2024	81.00	83.25	83.45	80.50	0.978 times

My analysis of stock is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 90.6 as stoploss in an intra day sell trade for a target of 85.89. However, stock will show a bullish move above 90.6.

Share price targets for Madras Fertilizers (MADRASFERT)

Target Type	Value
Downside Target	75.45
Downside Target	78.30
Downside Target	84.20
Downside Target	88.15
Upside Target	93.05
Upside Target	94.45
Upside Target	94.70
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	87.02
Downside Intraday Target	84.58
Upside Intraday Target	93.02
Upside Intraday Target	96.58
Upside Intraday Target	90.58

Weekly technical analysis of Madras Fertilizers (MADRASFERT)

Date	Weekly Closing Price	Open	High	Low	Volume
12 Fri Apr 2024	89.45	93.90	94.15	88.15	0.396 times
05 Fri Apr 2024	93.25	81.70	94.45	81.50	1.924 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

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
12 Fri Apr 2024	89.45	81.70	94.45	81.50	0.55 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 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 negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

Price action analysis of Madras Fertilizers ( (MADRASFERT) ) based on a short to mid 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 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 losing 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 SELL signal for Madras Fertilizers in short term but SELL signal is weak.

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

MRSI is in positive zone. This is a BUY 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 89.75 and Madras Fertilizers (MADRASFERT) stock is trading below this level. This means that stock is falling with high volumes. 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.