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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 2024-08-16 View latest technical analysis

10 day averaged volume of Magadh Sugar is 23401

Date	Daily Closing Price	Open	High	Low	Volume
16 Fri Aug 2024	741.25	730.00	754.95	730.00	0.58 times
14 Wed Aug 2024	740.60	764.00	764.00	736.00	0.542 times
13 Tue Aug 2024	752.65	756.00	783.00	742.05	2.838 times
12 Mon Aug 2024	752.00	736.90	762.30	734.55	0.799 times
09 Fri Aug 2024	742.20	749.95	750.00	736.00	0.332 times
08 Thu Aug 2024	735.45	740.35	747.25	730.00	0.327 times
07 Wed Aug 2024	740.35	731.50	745.95	731.50	0.593 times
06 Tue Aug 2024	726.15	743.40	758.95	721.55	0.882 times
05 Mon Aug 2024	743.40	764.00	764.00	722.40	1.042 times
02 Fri Aug 2024	771.30	780.00	790.45	763.15	1.718 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 742, but if it comes above 742, then a intra day buy could be more profitable.
If you take a sell trade below 742, then use 742 as stoploss and 712 as target. However if you take a buy trade in stock , then use 742 as stoploss and 767.08 as target.

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	783.00
Upside Target	805.90
Upside Target	816.00
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	719.83
Downside Intraday Target	698.42
Upside Intraday Target	772.83
Upside Intraday Target	804.42
Upside Intraday Target	751.42

Weekly technical analysis of Magadh Sugar (MAGADSUGAR)

Date	Weekly Closing Price	Open	High	Low	Volume
16 Fri Aug 2024	741.25	736.90	783.00	730.00	1.499 times
09 Fri Aug 2024	742.20	764.00	764.00	721.55	0.467 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

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
16 Fri Aug 2024	741.25	804.25	805.90	721.55	0.267 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 negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

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 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 BUY. Signal strength is Weak and stock is losing 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 getting stronger in this stock.

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

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

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 749.44 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.