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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 2024-09-23 View latest technical analysis

10 day averaged volume of Magadh Sugar is 54958

Date	Daily Closing Price	Open	High	Low	Volume
23 Mon Sep 2024	950.25	963.00	972.00	930.30	2.561 times
20 Fri Sep 2024	957.45	847.45	968.85	847.45	6.236 times
19 Thu Sep 2024	839.05	858.25	866.75	822.20	0.363 times
18 Wed Sep 2024	855.40	872.05	872.05	851.10	0.321 times
17 Tue Sep 2024	870.05	872.95	875.15	853.45	0.272 times
16 Mon Sep 2024	872.95	864.25	877.00	850.40	0.612 times
13 Fri Sep 2024	847.05	852.10	857.65	844.20	0.151 times
12 Thu Sep 2024	850.80	840.95	864.30	831.10	0.453 times
11 Wed Sep 2024	840.90	860.20	883.30	838.00	0.344 times
10 Tue Sep 2024	863.35	867.00	876.80	857.00	0.337 times

Stock of Magadh Sugar (MAGADSUGAR) has showed a significant fall. This could be a good time to exit from this stock.

Although my analysis for stock is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 952.7, for a target of 910.1 or 874.63

Share price targets for Magadh Sugar (MAGADSUGAR)

Target Type	Value
Downside Target	580.05
Downside Target	615.50
Downside Target	721.55
Downside Target	800.55
Downside Target	883.30
Downside Target	929.95
Downside Target	930.30
Upside Target	968.85
Upside Target	972.00
Upside Target	989.00

Intraday share price targets for Magadh Sugar (MAGADSUGAR)

Target Type	Value
Downside Intraday Target	929.7
Downside Intraday Target	909.15
Upside Intraday Target	971.4
Upside Intraday Target	992.55
Upside Intraday Target	950.85

Weekly technical analysis of Magadh Sugar (MAGADSUGAR)

Date	Weekly Closing Price	Open	High	Low	Volume
23 Mon Sep 2024	950.25	963.00	972.00	930.30	0.328 times
20 Fri Sep 2024	957.45	864.25	968.85	822.20	3.553 times
13 Fri Sep 2024	847.05	842.65	883.30	814.00	0.339 times
06 Fri Sep 2024	838.80	907.90	929.95	832.70	0.245 times
30 Fri Aug 2024	903.85	847.70	989.00	800.55	2.704 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
23 Mon Sep 2024	950.25	907.90	972.00	814.00	0.467 times
30 Fri Aug 2024	903.85	804.25	989.00	721.55	2.419 times
31 Wed Jul 2024	792.35	759.70	854.90	741.60	0.669 times
28 Fri Jun 2024	759.70	658.00	848.90	580.05	3.246 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 buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

Price action analysis of Magadh Sugar ( (MAGADSUGAR) ) based on a short to mid 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 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 Magadh Sugar stock for short term is BUY. Signal strength is Strong and stock is gaining momentum.

MACD generated a BUY signal for Magadh Sugar 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.

Magadh Sugar Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting stronger in this stock.

Ichimoku cloud is of green color and prices are above the green cloud Prices appear to be coming down

CCI has generated a buy signal for Magadh Sugar 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 Magadh Sugar is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 931.15 and Magadh Sugar (MAGADSUGAR) 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 Magadh Sugar (MAGADSUGAR) stock. Volume based technical analysis of Magadh Sugar (MAGADSUGAR) stock is negative.

Magadh Sugar 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.