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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 2024-10-30 View latest technical analysis

10 day averaged volume of Magadh Sugar is 20731

Date	Daily Closing Price	Open	High	Low	Volume
30 Wed Oct 2024	736.50	713.00	749.80	710.70	0.79 times
29 Tue Oct 2024	713.30	703.50	718.15	695.10	0.793 times
28 Mon Oct 2024	701.45	701.85	718.60	683.90	1.24 times
25 Fri Oct 2024	701.85	729.55	735.65	693.75	0.81 times
24 Thu Oct 2024	730.70	749.55	776.90	726.65	0.761 times
23 Wed Oct 2024	749.55	740.60	764.75	726.65	0.905 times
22 Tue Oct 2024	736.35	790.00	793.95	725.05	1.757 times
21 Mon Oct 2024	789.90	823.90	823.90	780.00	0.824 times
18 Fri Oct 2024	818.80	828.20	830.10	803.70	0.539 times
17 Thu Oct 2024	826.15	828.00	840.40	820.00	1.382 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 740.5, but if it comes above 740.5, then a intra day buy could be more profitable.
If you take a sell trade below 740.5, then use 740.5 as stoploss and 657.3 as target. However if you take a buy trade in stock , then use 740.5 as stoploss and 809.79 as target.

Share price targets for Magadh Sugar (MAGADSUGAR)

Target Type	Value
Downside Target	580.05
Downside Target	683.90
Downside Target	721.55
Upside Target	741.60
Upside Target	803.70
Upside Target	848.90
Upside Target	860.00
Upside Target	876.65
Upside Target	899.00
Upside Target	935.00
Upside Target	966.25
Upside Target	989.00
Upside Target	1010.00

Intraday share price targets for Magadh Sugar (MAGADSUGAR)

Target Type	Value
Downside Intraday Target	697
Downside Intraday Target	657.5
Upside Intraday Target	762.9
Upside Intraday Target	789.3
Downside Intraday Target	723.4

Weekly technical analysis of Magadh Sugar (MAGADSUGAR)

Date	Weekly Closing Price	Open	High	Low	Volume
30 Wed Oct 2024	736.50	701.85	749.80	683.90	0.558 times
25 Fri Oct 2024	701.85	823.90	823.90	693.75	1.149 times
18 Fri Oct 2024	818.80	873.00	876.65	803.70	0.756 times
11 Fri Oct 2024	873.70	876.00	899.00	825.00	0.389 times
04 Fri Oct 2024	869.95	940.50	966.25	860.00	0.437 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 Magadh Sugar (MAGADSUGAR)

Date	Monthly Closing Price	Open	High	Low	Volume
30 Wed Oct 2024	736.50	915.10	935.00	683.90	0.332 times
30 Mon Sep 2024	912.20	907.90	1010.00	814.00	0.771 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

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 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 Strong and stock is losing 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

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 749.72 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.