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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 2024-03-27 View latest technical analysis

10 day averaged volume of Magadh Sugar is 19950

Date	Daily Closing Price	Open	High	Low	Volume
27 Wed Mar 2024	530.10	530.10	541.85	524.75	1.127 times
26 Tue Mar 2024	535.60	550.00	565.00	533.00	0.734 times
22 Fri Mar 2024	547.85	530.15	555.00	522.65	0.778 times
21 Thu Mar 2024	529.50	522.10	544.25	522.10	1.341 times
20 Wed Mar 2024	525.00	546.40	549.95	522.00	0.824 times
19 Tue Mar 2024	537.90	561.50	563.00	535.00	1.316 times
18 Mon Mar 2024	556.55	569.90	578.10	554.00	0.422 times
15 Fri Mar 2024	565.95	571.00	581.45	560.00	0.696 times
14 Thu Mar 2024	565.60	566.00	581.90	560.20	1.13 times
13 Wed Mar 2024	566.45	580.00	593.55	558.00	1.559 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 543.2, but if it comes above 543.2, then a intra day buy could be more profitable.
If you take a sell trade below 543.2, then use 543.2 as stoploss and 499.5 as target. However if you take a buy trade in stock , then use 543.2 as stoploss and 579.57 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	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	514.9
Downside Intraday Target	499.7
Upside Intraday Target	555.15
Upside Intraday Target	580.2
Upside Intraday Target	539.95

Weekly technical analysis of Magadh Sugar (MAGADSUGAR)

Date	Weekly Closing Price	Open	High	Low	Volume
27 Wed Mar 2024	530.10	550.00	565.00	524.75	0.398 times
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

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
27 Wed Mar 2024	530.10	625.95	654.60	522.00	0.439 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 neutral. A longer time frame might give a better analysis.

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 gaining momentum.

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

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 coming down

CCI has generated a SELL signal for Magadh Sugar in short term and SELL signal is strong!

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

MRSI is in negative zone. This is the SELL zone

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

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 545.81 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.