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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 2024-04-08 View latest technical analysis

10 day averaged volume of Magadh Sugar is 16483

Date	Daily Closing Price	Open	High	Low	Volume
08 Mon Apr 2024	584.40	580.20	586.15	576.20	0.756 times
05 Fri Apr 2024	577.20	561.80	580.00	561.80	0.529 times
04 Thu Apr 2024	567.50	582.00	584.95	559.75	0.972 times
03 Wed Apr 2024	575.70	557.40	580.40	552.50	0.878 times
02 Tue Apr 2024	552.95	552.00	561.50	545.70	0.678 times
01 Mon Apr 2024	547.25	536.95	563.90	536.95	1.204 times
28 Thu Mar 2024	536.85	534.60	546.40	531.30	0.92 times
27 Wed Mar 2024	530.10	530.10	541.85	524.75	1.364 times
26 Tue Mar 2024	535.60	550.00	565.00	533.00	0.889 times
22 Fri Mar 2024	547.85	530.15	555.00	522.65	0.942 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 584, but if it comes below 584, then a intra day sell could be more profitable.
If you take a sell trade below 584, then use 584 as stoploss and 560.09 as target. However if you take a buy trade in stock , then use 584 as stoploss and 612.7 as target.

Share price targets for Magadh Sugar (MAGADSUGAR)

Target Type	Value
Downside Target	522.00
Downside Target	536.95
Downside Target	558.00
Upside Target	594.00
Upside Target	602.35
Upside Target	617.65
Upside Target	622.00
Upside Target	654.60
Upside Target	701.60
Upside Target	707.00
Upside Target	810.00

Intraday share price targets for Magadh Sugar (MAGADSUGAR)

Target Type	Value
Downside Intraday Target	578.35
Downside Intraday Target	572.3
Upside Intraday Target	588.3
Upside Intraday Target	592.2
Downside Intraday Target	582.25

Weekly technical analysis of Magadh Sugar (MAGADSUGAR)

Date	Weekly Closing Price	Open	High	Low	Volume
08 Mon Apr 2024	584.40	580.20	586.15	576.20	0.177 times
05 Fri Apr 2024	577.20	536.95	584.95	536.95	1.343 times
28 Thu Mar 2024	536.85	550.00	565.00	524.75	0.56 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

Price has moved up 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
08 Mon Apr 2024	584.40	536.95	586.15	536.95	0.274 times
28 Thu Mar 2024	536.85	625.95	654.60	522.00	0.462 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

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 Magadh Sugar (MAGADSUGAR)

Price action analysis of Magadh Sugar ( (MAGADSUGAR) ) 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 Magadh Sugar ( (MAGADSUGAR) ) based on a short to mid term time period is neutral. A longer time frame might give a better analysis.

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

MACD generated a BUY signal for Magadh Sugar 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.

Magadh Sugar Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting stronger in this stock.

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

CCI has generated a buy signal for Magadh Sugar in short term and BUY signal is strong.

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

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 552.69 and Magadh Sugar (MAGADSUGAR) 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 Magadh Sugar (MAGADSUGAR) stock. Volume based technical analysis of Magadh Sugar (MAGADSUGAR) stock is negative.

Magadh Sugar 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.