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(METALFORGE_BZ) Metalyst Forgings complete technical analysis [charts+indicators] | Buy/Sell Metalyst Forgings | (METALFORGE_BZ) share price targets

Complete technical analysis of Metalyst Forgings (METALFORGE_BZ) by charts plus indicators, forecast predictions and share price targets for Metalyst Forgings (METALFORGE_BZ)

Showing technical analysis as on 2024-04-02 View latest technical analysis

10 day averaged volume of Metalyst Forgings is 12098

Date	Daily Closing Price	Open	High	Low	Volume
02 Tue Apr 2024	4.05	3.90	4.05	3.90	0.771 times
01 Mon Apr 2024	3.90	3.60	3.90	3.60	2.072 times
28 Thu Mar 2024	3.75	3.75	3.75	3.75	1.388 times
27 Wed Mar 2024	3.95	3.95	3.95	3.95	0.6 times
26 Tue Mar 2024	4.15	4.15	4.15	4.15	1.35 times
22 Fri Mar 2024	4.35	4.35	4.35	4.35	0.311 times
21 Thu Mar 2024	4.55	4.75	4.75	4.55	1.013 times
20 Wed Mar 2024	4.75	4.90	5.00	4.75	0.616 times
19 Tue Mar 2024	5.00	5.05	5.25	5.00	0.656 times
18 Mon Mar 2024	5.25	5.10	5.30	4.85	0.484 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 4.1, but if it comes above 4.1, then a intra day buy could be more profitable.
If you take a sell trade below 4.1, then use 4.1 as stoploss and 3.5 as target. However if you take a buy trade in stock , then use 4.1 as stoploss and 4.57 as target.

Share price targets for Metalyst Forgings (METALFORGE_BZ)

Target Type	Value
Downside Target	3.55
Downside Target	3.70
Downside Target	4.05
Upside Target	4.15
Upside Target	4.35
Upside Target	4.60
Upside Target	4.80
Upside Target	4.85
Upside Target	5.30
Upside Target	5.35
Upside Target	5.40

Intraday share price targets for Metalyst Forgings (METALFORGE_BZ)

Target Type	Value
Downside Intraday Target	3.75
Downside Intraday Target	3.45
Upside Intraday Target	4.2
Upside Intraday Target	4.35
Downside Intraday Target	3.9

Weekly technical analysis of Metalyst Forgings (METALFORGE_BZ)

Date	Weekly Closing Price	Open	High	Low	Volume
02 Tue Apr 2024	4.05	3.60	4.05	3.60	0.852 times
28 Thu Mar 2024	3.75	4.15	4.15	3.75	1.084 times
22 Fri Mar 2024	4.35	5.10	5.30	4.35	0.147 times
15 Fri Mar 2024	5.10	4.95	5.40	4.85	6.06 times
07 Thu Mar 2024	4.80	4.20	4.80	4.20	0.68 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 Metalyst Forgings (METALFORGE_BZ)

Date	Monthly Closing Price	Open	High	Low	Volume
02 Tue Apr 2024	4.05	3.60	4.05	3.60	0.085 times
28 Thu Mar 2024	3.75	3.85	5.40	3.75	6.801 times
26 Mon Feb 2024	3.70	4.40	4.60	3.70	0.251 times
29 Mon Jan 2024	4.40	3.55	5.35	3.55	2.404 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 Metalyst Forgings (METALFORGE_BZ)

Price action analysis of Metalyst Forgings ( (METALFORGE_BZ) ) based on a short term time period is neutral. A longer time frame might give a better analysis.

Price action analysis of Metalyst Forgings ( (METALFORGE_BZ) ) based on a short term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

Price action analysis of Metalyst Forgings ( (METALFORGE_BZ) ) 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 Metalyst Forgings ( (METALFORGE_BZ) ) based on a mid to longer 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.

ADX buy sell signal for Metalyst Forgings stock for short term is SELL. Signal strength is Strong and stock is losing momentum.

MACD generated a SELL signal for Metalyst Forgings in short term and the sell signal is strong.

Metalyst Forgings 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 below the red cloud Prices appear to be moving up

CCI has generated a buy signal for Metalyst Forgings in short term but BUY signal is weak.

RSI is generating a SELL signal in short term and selling is picking up momentum.

MRSI is in positive zone. This is a BUY zone

Stock of Metalyst Forgings is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 4.22 and Metalyst Forgings (METALFORGE_BZ) 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 Metalyst Forgings (METALFORGE_BZ) stock. Volume based technical analysis of Metalyst Forgings (METALFORGE_BZ) stock is negative.

Metalyst Forgings 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.