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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 2024-03-02 View latest technical analysis

10 day averaged volume of Magadh Sugar is 16578

Date	Daily Closing Price	Open	High	Low	Volume
02 Sat Mar 2024	626.65	620.00	633.00	606.65	0.048 times
01 Fri Mar 2024	617.75	625.95	629.75	615.10	0.36 times
29 Thu Feb 2024	624.35	606.75	630.00	602.35	0.702 times
28 Wed Feb 2024	605.60	623.40	628.45	604.00	1.146 times
27 Tue Feb 2024	623.40	631.20	635.50	620.95	0.507 times
26 Mon Feb 2024	632.00	646.00	646.55	630.00	0.388 times
23 Fri Feb 2024	641.55	640.00	648.00	639.75	0.589 times
22 Thu Feb 2024	637.90	646.45	680.15	635.05	2.134 times
21 Wed Feb 2024	640.15	655.50	660.90	633.00	1.203 times
20 Tue Feb 2024	652.55	648.05	677.95	646.20	1.8 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 624.8 as stoploss in an intra day buy trade for a target of 638.66. However, stock will show a bearish move below 624.8.

Share price targets for Magadh Sugar (MAGADSUGAR)

Target Type	Value
Downside Target	594.00
Upside Target	646.55
Upside Target	680.15
Upside Target	696.00
Upside Target	701.60
Upside Target	707.00
Upside Target	708.70
Upside Target	810.00
Upside Target	865.65

Intraday share price targets for Magadh Sugar (MAGADSUGAR)

Target Type	Value
Downside Intraday Target	603.82
Downside Intraday Target	580.98
Upside Intraday Target	648.02
Upside Intraday Target	669.38
Downside Intraday Target	625.18

Weekly technical analysis of Magadh Sugar (MAGADSUGAR)

Date	Weekly Closing Price	Open	High	Low	Volume
02 Sat Mar 2024	626.65	646.00	646.55	602.35	0.457 times
23 Fri Feb 2024	641.55	645.40	680.15	633.00	0.457 times
16 Fri Feb 2024	643.95	651.60	701.60	616.00	1.185 times
09 Fri Feb 2024	643.55	626.00	696.00	613.50	2.734 times
02 Fri Feb 2024	631.55	634.00	644.00	617.55	1.303 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
02 Sat Mar 2024	626.65	625.95	633.00	606.65	0.01 times
29 Thu Feb 2024	624.35	638.05	701.60	602.35	1.919 times
31 Wed Jan 2024	635.80	687.75	707.00	594.00	0.229 times
29 Fri Dec 2023	681.70	799.95	810.00	622.00	1.389 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 Magadh Sugar (MAGADSUGAR)

Price action analysis of Magadh Sugar ( (MAGADSUGAR) ) 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 Magadh Sugar ( (MAGADSUGAR) ) 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 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 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 Magadh Sugar stock for short term is SELL. Signal strength is Weak and stock is gaining momentum.

MACD generated a SELL signal for Magadh Sugar 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.

Magadh Sugar 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 Magadh Sugar in short term but BUY signal is weak.

RSI is generating a SELL signal in short term but selling is losing 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 634.21 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.