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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 2024-08-06 View latest technical analysis

10 day averaged volume of Magadh Sugar is 44839

Date	Daily Closing Price	Open	High	Low	Volume
06 Tue Aug 2024	726.15	743.40	758.95	721.55	0.46 times
05 Mon Aug 2024	743.40	764.00	764.00	722.40	0.544 times
02 Fri Aug 2024	771.30	780.00	790.45	763.15	0.896 times
01 Thu Aug 2024	789.70	804.25	805.90	778.25	0.484 times
31 Wed Jul 2024	792.35	792.35	816.00	785.65	0.759 times
30 Tue Jul 2024	788.05	786.80	800.65	781.60	0.428 times
29 Mon Jul 2024	783.55	791.95	805.00	776.90	0.982 times
26 Fri Jul 2024	786.10	784.95	797.70	772.50	0.651 times
25 Thu Jul 2024	779.15	810.00	854.90	773.55	2.775 times
24 Wed Jul 2024	817.65	789.00	823.85	788.60	1.315 times

Although my analysis for stock is bearish for shortterm, but stock is in heavy over sold zones and there are high chances of some recovery tomorrow. You might want to buy the stock tomorrow in intra day with a stoploss of 741.9, for a target of 765.2 or 784.72

Share price targets for Magadh Sugar (MAGADSUGAR)

Target Type	Value
Downside Target	536.95
Downside Target	580.05
Downside Target	615.50
Downside Target	675.95
Downside Target	721.55
Upside Target	805.90
Upside Target	816.00
Upside Target	825.85
Upside Target	834.95
Upside Target	848.90
Upside Target	854.90

Intraday share price targets for Magadh Sugar (MAGADSUGAR)

Target Type	Value
Downside Intraday Target	710.47
Downside Intraday Target	694.78
Upside Intraday Target	752.92
Upside Intraday Target	779.68
Upside Intraday Target	737.23

Weekly technical analysis of Magadh Sugar (MAGADSUGAR)

Date	Weekly Closing Price	Open	High	Low	Volume
06 Tue Aug 2024	726.15	764.00	764.00	721.55	0.283 times
02 Fri Aug 2024	771.30	791.95	816.00	763.15	0.546 times
26 Fri Jul 2024	786.10	775.25	854.90	749.70	1.749 times
19 Fri Jul 2024	787.05	790.50	834.95	772.60	0.633 times
12 Fri Jul 2024	790.50	758.90	825.85	752.20	2.473 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
06 Tue Aug 2024	726.15	804.25	805.90	721.55	0.115 times
31 Wed Jul 2024	792.35	759.70	854.90	741.60	0.669 times
28 Fri Jun 2024	759.70	658.00	848.90	580.05	3.246 times
31 Fri May 2024	629.80	652.00	729.00	615.50	1.079 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 positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

ADX buy sell signal for Magadh Sugar stock for short term is SELL. Signal strength is Weak and stock is gaining momentum.

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

Magadh Sugar Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.

Ichimoku cloud is of green color and prices are in or below the green 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 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 782.11 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.