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(MAGMA) Magma Fincorp complete technical analysis [charts+indicators] | Buy/Sell Magma Fincorp | (MAGMA) share price targets

Complete technical analysis of Magma Fincorp (MAGMA) by charts plus indicators, forecast predictions and share price targets for Magma Fincorp (MAGMA)

Magma Fincorp trades in NSE in Finance (including NBFCs) sector.

10 day averaged volume of Magma Fincorp is 2540147

Date	Daily Closing Price	Open	High	Low	Volume
08 Tue Jun 2021	154.90	166.95	166.95	153.90	0.941 times
07 Mon Jun 2021	161.90	172.85	173.65	157.15	4.126 times
04 Fri Jun 2021	165.40	165.40	165.40	157.25	3.406 times
03 Thu Jun 2021	157.55	157.55	157.55	157.55	0.09 times
02 Wed Jun 2021	150.05	150.05	150.05	150.05	0.196 times
01 Tue Jun 2021	142.95	142.95	142.95	142.95	0.409 times
31 Mon May 2021	136.15	130.90	136.15	128.40	0.643 times
28 Fri May 2021	129.70	133.10	134.90	127.65	0.283 times
27 Thu May 2021	133.05	132.95	135.90	131.55	0.324 times
26 Wed May 2021	131.65	133.90	134.90	131.00	0.23 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 151.1, but if it comes below 151.1, then a intra day sell could be more profitable.
If you take a sell trade below 151.1, then use 151.1 as stoploss and 140.1 as target. However if you take a buy trade in stock , then use 151.1 as stoploss and 164.3 as target.

Share price targets for Magma Fincorp (MAGMA)

Target Type	Value
Downside Target	44.20
Downside Target	101.55
Downside Target	111.05
Downside Target	123.40
Downside Target	137.90
Downside Target	142.95
Downside Target	147.95
Downside Target	153.90
Upside Target	165.40
Upside Target	173.65

Intraday share price targets for Magma Fincorp (MAGMA)

Target Type	Value
Downside Intraday Target	147.98
Downside Intraday Target	141.07
Upside Intraday Target	167.73
Upside Intraday Target	180.57
Upside Intraday Target	160.82

Weekly technical analysis of Magma Fincorp (MAGMA)

Date	Weekly Closing Price	Open	High	Low	Volume
08 Tue Jun 2021	154.90	172.85	173.65	153.90	1.068 times
04 Fri Jun 2021	165.40	130.90	165.40	128.40	3.193 times
28 Fri May 2021	129.70	137.00	137.90	127.65	0.581 times
21 Fri May 2021	135.55	132.00	140.40	129.50	0.532 times
14 Fri May 2021	132.00	145.00	147.95	125.10	0.257 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 Magma Fincorp (MAGMA)

Date	Monthly Closing Price	Open	High	Low	Volume
08 Tue Jun 2021	154.90	142.95	173.65	142.95	0.325 times
31 Mon May 2021	136.15	117.00	147.95	111.05	4.341 times
30 Fri Apr 2021	118.20	111.20	123.40	103.10	0.435 times
31 Wed Mar 2021	110.10	122.40	142.15	101.55	0.544 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 Magma Fincorp (MAGMA)

Price action analysis of Magma Fincorp ( (MAGMA) ) 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 Magma Fincorp ( (MAGMA) ) based on a short to mid 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 Magma Fincorp ( (MAGMA) ) 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 Magma Fincorp stock for short term is BUY. Signal strength is Strong and stock is losing momentum.

MACD generated a BUY signal for Magma Fincorp in short term and the buy signal is strong.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Magma Fincorp Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting tired and bears are picking up momentum.

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 Magma Fincorp in short term but SELL signal is weak.

RSI is generating a BUY signal in short term but buying is losing momentum.

MRSI is in negative zone. This is the SELL zone

Stock of Magma Fincorp is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 157.48 and Magma Fincorp (MAGMA) stock is trading below this level. This means that stock is falling with high volumes. VWAP is rising upwards.

People seem to be coming out and selling the Magma Fincorp (MAGMA) stock. Volume based technical analysis of Magma Fincorp (MAGMA) stock is negative.

Magma Fincorp Stock is giving positive returns over a short term period. Returns for a longer term period have been positive

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.