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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 2024-04-09 View latest technical analysis

10 day averaged volume of Magadh Sugar is 15053

Date	Daily Closing Price	Open	High	Low	Volume
09 Tue Apr 2024	603.25	596.70	609.90	581.05	1.464 times
08 Mon Apr 2024	584.40	580.20	586.15	576.20	0.828 times
05 Fri Apr 2024	577.20	561.80	580.00	561.80	0.579 times
04 Thu Apr 2024	567.50	582.00	584.95	559.75	1.064 times
03 Wed Apr 2024	575.70	557.40	580.40	552.50	0.961 times
02 Tue Apr 2024	552.95	552.00	561.50	545.70	0.743 times
01 Mon Apr 2024	547.25	536.95	563.90	536.95	1.318 times
28 Thu Mar 2024	536.85	534.60	546.40	531.30	1.008 times
27 Wed Mar 2024	530.10	530.10	541.85	524.75	1.494 times
26 Tue Mar 2024	535.60	550.00	565.00	533.00	0.973 times

Although my analysis for stock is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 609.9, for a target of 582.4 or 559.59

Share price targets for Magadh Sugar (MAGADSUGAR)

Target Type	Value
Downside Target	522.00
Downside Target	536.95
Downside Target	558.00
Upside Target	609.90
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	583
Downside Intraday Target	562.75
Upside Intraday Target	616.7
Upside Intraday Target	630.15
Downside Intraday Target	596.45

Weekly technical analysis of Magadh Sugar (MAGADSUGAR)

Date	Weekly Closing Price	Open	High	Low	Volume
09 Tue Apr 2024	603.25	580.20	609.90	576.20	0.491 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
09 Tue Apr 2024	603.25	536.95	609.90	536.95	0.347 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 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 560.26 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.