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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 2024-03-07 View latest technical analysis

10 day averaged volume of Magnum Ventures is 202953

Date	Daily Closing Price	Open	High	Low	Volume
07 Thu Mar 2024	59.95	57.95	59.95	56.15	1.635 times
06 Wed Mar 2024	57.10	54.90	57.10	53.00	1.265 times
05 Tue Mar 2024	54.40	56.25	58.85	54.20	2.039 times
04 Mon Mar 2024	57.05	60.05	60.75	57.05	0.958 times
02 Sat Mar 2024	60.05	62.20	62.20	59.15	0.1 times
01 Fri Mar 2024	61.00	60.15	62.25	60.15	0.308 times
29 Thu Feb 2024	61.55	61.10	62.50	59.20	0.725 times
28 Wed Feb 2024	61.50	65.00	65.80	61.25	1.134 times
27 Tue Feb 2024	64.45	63.80	64.45	62.25	1.758 times
26 Mon Feb 2024	61.40	59.00	61.40	58.50	0.737 times

My analysis of stock is bearish for shortterm, and stock might move down till 58.4 or till 54.8. Use a stoploss of 61.44 and if the stock hits stoploss, then it can shoot up till 64.45

Share price targets for Magnum Ventures (MAGNUM)

Target Type	Value
Downside Target	46.00
Downside Target	48.10
Downside Target	52.05
Downside Target	58.05
Upside Target	60.75
Upside Target	62.25
Upside Target	65.80
Upside Target	66.75
Upside Target	68.00
Upside Target	71.90
Upside Target	81.60

Intraday share price targets for Magnum Ventures (MAGNUM)

Target Type	Value
Downside Intraday Target	55.05
Downside Intraday Target	50.15
Upside Intraday Target	62.8
Upside Intraday Target	65.65
Downside Intraday Target	57.9

Weekly technical analysis of Magnum Ventures (MAGNUM)

Date	Weekly Closing Price	Open	High	Low	Volume
07 Thu Mar 2024	59.95	60.05	60.75	53.00	1.238 times
02 Sat Mar 2024	60.05	59.00	65.80	58.50	0.911 times
23 Fri Feb 2024	58.50	66.75	66.75	58.05	1.161 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

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 Magnum Ventures (MAGNUM)

Date	Monthly Closing Price	Open	High	Low	Volume
07 Thu Mar 2024	59.95	60.15	62.25	53.00	0.316 times
29 Thu Feb 2024	61.55	69.45	71.90	58.05	0.5 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

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 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 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 SELL. Signal strength is Weak and stock is losing momentum.

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

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

Magnum Ventures Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls are picking up momentum!

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 Magnum Ventures in short term but BUY signal is weak.

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 59.44 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 rising upwards.

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 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.