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(MAGNUM) Magnum Ventures complete technical analysis [charts+indicators] | Buy/Sell Magnum Ventures | (MAGNUM) share price targets

Complete technical analysis of Magnum Ventures (MAGNUM) by charts plus indicators, forecast predictions and share price targets for Magnum Ventures (MAGNUM)

Magnum Ventures trades in NSE in Paper & Paper Products sector.

Showing technical analysis as on 2024-02-20 View latest technical analysis

10 day averaged volume of Magnum Ventures is 201130

Date	Daily Closing Price	Open	High	Low	Volume
20 Tue Feb 2024	64.85	64.50	65.10	62.00	1.412 times
19 Mon Feb 2024	62.00	66.75	66.75	61.40	1.093 times
16 Fri Feb 2024	64.60	68.00	68.00	63.70	0.742 times
15 Thu Feb 2024	66.20	64.95	67.50	64.10	0.943 times
14 Wed Feb 2024	64.90	64.60	67.00	62.95	0.656 times
13 Tue Feb 2024	64.20	65.50	65.50	60.95	0.975 times
12 Mon Feb 2024	63.55	61.90	63.75	59.00	1.226 times
09 Fri Feb 2024	60.75	60.85	61.75	59.00	1.016 times
08 Thu Feb 2024	61.80	60.65	62.60	60.00	0.741 times
07 Wed Feb 2024	62.95	65.00	65.90	62.95	1.367 times

My analysis of stock is bearish for shortterm, and stock might move down till 62.5 or till 57.6. Use a stoploss of 66.63 and if the stock hits stoploss, then it can shoot up till 70.75

Share price targets for Magnum Ventures (MAGNUM)

Target Type	Value
Downside Target	38.05
Downside Target	46.00
Downside Target	48.05
Downside Target	52.05
Downside Target	53.15
Downside Target	59.00
Downside Target	61.40
Upside Target	65.50
Upside Target	70.00
Upside Target	70.10
Upside Target	71.90
Upside Target	81.60

Intraday share price targets for Magnum Ventures (MAGNUM)

Target Type	Value
Downside Intraday Target	61.92
Downside Intraday Target	58.98
Upside Intraday Target	67.27
Upside Intraday Target	69.68
Downside Intraday Target	64.33

Weekly technical analysis of Magnum Ventures (MAGNUM)

Date	Weekly Closing Price	Open	High	Low	Volume
20 Tue Feb 2024	64.85	66.75	66.75	61.40	0.552 times
16 Fri Feb 2024	64.60	61.90	68.00	59.00	0.876 times
09 Fri Feb 2024	60.75	67.50	71.90	59.00	1.985 times
02 Fri Feb 2024	66.40	68.00	70.00	65.50	0.361 times
25 Thu Jan 2024	70.10	77.75	81.60	70.10	0.731 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 Magnum Ventures (MAGNUM)

Date	Monthly Closing Price	Open	High	Low	Volume
20 Tue Feb 2024	64.85	69.45	71.90	59.00	0.322 times
31 Wed Jan 2024	68.45	50.85	81.60	48.10	4.827 times
29 Fri Dec 2023	47.50	51.40	52.05	46.00	2.895 times
30 Thu Nov 2023	49.80	49.70	53.15	46.85	0.182 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 Magnum Ventures (MAGNUM)

Price action analysis of Magnum Ventures ( (MAGNUM) ) based on a short term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

Price action analysis of Magnum Ventures ( (MAGNUM) ) 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 Magnum Ventures ( (MAGNUM) ) 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 Magnum Ventures ( (MAGNUM) ) 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 Magnum Ventures stock for short term is BUY. Signal strength is Weak and stock is gaining momentum.

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

Magnum Ventures Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bears are weakening, and bulls are picking up momentum!

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

CCI has generated a buy signal for Magnum Ventures in short term and BUY signal is strong.

RSI is generating a BUY signal in short term and the buying is gaining 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 Magnum Ventures is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 63.55 and Magnum Ventures (MAGNUM) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is falling down

People seem to be coming out and selling the Magnum Ventures (MAGNUM) stock. Volume based technical analysis of Magnum Ventures (MAGNUM) stock is negative.

Magnum Ventures Stock has given negative 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.