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(MAGADSUGAR) Magadh Sugar complete technical analysis [charts+indicators] | Buy/Sell Magadh Sugar | (MAGADSUGAR) share price targets

Complete technical analysis of Magadh Sugar (MAGADSUGAR) by charts plus indicators, forecast predictions and share price targets for Magadh Sugar (MAGADSUGAR)

Showing technical analysis as on 2024-03-22 View latest technical analysis

10 day averaged volume of Magadh Sugar is 18322

Date	Daily Closing Price	Open	High	Low	Volume
22 Fri Mar 2024	547.85	530.15	555.00	522.65	0.847 times
21 Thu Mar 2024	529.50	522.10	544.25	522.10	1.46 times
20 Wed Mar 2024	525.00	546.40	549.95	522.00	0.897 times
19 Tue Mar 2024	537.90	561.50	563.00	535.00	1.433 times
18 Mon Mar 2024	556.55	569.90	578.10	554.00	0.46 times
15 Fri Mar 2024	565.95	571.00	581.45	560.00	0.758 times
14 Thu Mar 2024	565.60	566.00	581.90	560.20	1.231 times
13 Wed Mar 2024	566.45	580.00	593.55	558.00	1.697 times
12 Tue Mar 2024	588.05	601.65	601.65	576.00	1.305 times
11 Mon Mar 2024	598.10	613.30	617.65	594.00	0.535 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 553.7, but if it comes above 553.7, then a intra day buy could be more profitable.
If you take a sell trade below 553.7, then use 553.7 as stoploss and 511.3 as target. However if you take a buy trade in stock , then use 553.7 as stoploss and 589.06 as target.

Share price targets for Magadh Sugar (MAGADSUGAR)

Target Type	Value
Downside Target	522.00
Upside Target	558.00
Upside Target	578.10
Upside Target	594.00
Upside Target	617.65
Upside Target	646.55
Upside Target	654.60
Upside Target	680.15
Upside Target	701.60
Upside Target	707.00
Upside Target	708.70
Upside Target	810.00
Upside Target	865.65

Intraday share price targets for Magadh Sugar (MAGADSUGAR)

Target Type	Value
Downside Intraday Target	520.53
Downside Intraday Target	493.22
Upside Intraday Target	576.63
Upside Intraday Target	605.42
Upside Intraday Target	549.32

Weekly technical analysis of Magadh Sugar (MAGADSUGAR)

Date	Weekly Closing Price	Open	High	Low	Volume
22 Fri Mar 2024	547.85	569.90	578.10	522.00	0.923 times
15 Fri Mar 2024	565.95	613.30	617.65	558.00	2.09 times
07 Thu Mar 2024	613.30	626.85	654.60	605.50	0.927 times
02 Sat Mar 2024	626.65	646.00	646.55	602.35	0.457 times
23 Fri Feb 2024	641.55	645.40	680.15	633.00	0.457 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 Magadh Sugar (MAGADSUGAR)

Date	Monthly Closing Price	Open	High	Low	Volume
22 Fri Mar 2024	547.85	625.95	654.60	522.00	0.382 times
29 Thu Feb 2024	624.35	638.05	701.60	602.35	1.919 times
31 Wed Jan 2024	635.80	687.75	707.00	594.00	0.229 times
29 Fri Dec 2023	681.70	799.95	810.00	622.00	1.389 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 Magadh Sugar (MAGADSUGAR)

Price action analysis of Magadh Sugar ( (MAGADSUGAR) ) based on a short 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 Magadh Sugar ( (MAGADSUGAR) ) 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 Magadh Sugar ( (MAGADSUGAR) ) 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 Magadh Sugar stock for short term is SELL. Signal strength is Strong and stock is losing momentum.

MACD generated a SELL signal for Magadh Sugar in short term and the sell signal is strong.

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

Magadh Sugar Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls are picking up momentum!

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 Magadh Sugar in short term but BUY signal is weak.

RSI is generating a SELL signal in short term but selling is losing momentum.

MRSI is in negative zone. This is the SELL zone

Although the stock is in the SELL zone, but selling might be slowing down

Stock of Magadh Sugar is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 556.22 and Magadh Sugar (MAGADSUGAR) 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 Magadh Sugar (MAGADSUGAR) stock. Volume based technical analysis of Magadh Sugar (MAGADSUGAR) stock is negative.

Magadh Sugar 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.