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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.

10 day averaged volume of Magnum Ventures is 338201

Date	Daily Closing Price	Open	High	Low	Volume
08 Wed May 2024	61.30	63.00	64.00	61.00	0.874 times
07 Tue May 2024	62.45	61.50	63.45	60.50	1.963 times
06 Mon May 2024	60.70	61.50	61.95	58.60	0.774 times
03 Fri May 2024	61.30	61.50	62.05	58.50	1.048 times
02 Thu May 2024	61.35	59.90	61.60	59.05	1.288 times
30 Tue Apr 2024	58.70	60.00	61.00	56.05	0.532 times
29 Mon Apr 2024	58.95	60.35	60.40	58.20	0.446 times
26 Fri Apr 2024	59.25	59.15	60.00	57.25	0.426 times
25 Thu Apr 2024	59.00	57.05	59.85	56.40	1.176 times
24 Wed Apr 2024	57.05	59.45	59.90	56.65	0.871 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 60.4, but if it comes below 60.4, then a intra day sell could be more profitable.
If you take a sell trade below 60.4, then use 60.4 as stoploss and 56.99 as target. However if you take a buy trade in stock , then use 60.4 as stoploss and 64.5 as target.

Share price targets for Magnum Ventures (MAGNUM)

Target Type	Value
Downside Target	42.00
Downside Target	44.55
Downside Target	48.10
Downside Target	50.60
Downside Target	53.30
Downside Target	55.40
Downside Target	57.95
Downside Target	60.00
Upside Target	62.05
Upside Target	62.25
Upside Target	64.00
Upside Target	71.90
Upside Target	81.60

Intraday share price targets for Magnum Ventures (MAGNUM)

Target Type	Value
Downside Intraday Target	58.6
Downside Intraday Target	55.9
Upside Intraday Target	64
Upside Intraday Target	66.7
Downside Intraday Target	61.3

Weekly technical analysis of Magnum Ventures (MAGNUM)

Date	Weekly Closing Price	Open	High	Low	Volume
08 Wed May 2024	61.30	61.50	64.00	58.60	1.09 times
03 Fri May 2024	61.30	60.35	62.05	56.05	0.701 times
26 Fri Apr 2024	59.25	54.90	60.00	53.30	2.889 times
19 Fri Apr 2024	53.40	51.00	55.40	50.60	0.666 times
12 Fri Apr 2024	53.55	57.20	57.95	51.30	0.625 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
08 Wed May 2024	61.30	59.90	64.00	58.50	0.433 times
30 Tue Apr 2024	58.70	45.10	61.00	44.55	0.945 times
28 Thu Mar 2024	44.15	60.15	62.25	42.00	1.216 times
29 Thu Feb 2024	61.55	69.45	71.90	58.05	0.5 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 Magnum Ventures (MAGNUM)

Price action analysis of Magnum Ventures ( (MAGNUM) ) based on a short 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.

Price action analysis of Magnum Ventures ( (MAGNUM) ) based on a short to mid 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.

Price action analysis of Magnum Ventures ( (MAGNUM) ) based on a mid to longer term time period is neutral. A longer time frame might give a better analysis.

ADX buy sell signal for Magnum Ventures stock for short term is BUY. Signal strength is Strong and stock is gaining momentum.

MACD generated a BUY signal for Magnum Ventures 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.

Magnum Ventures Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting tired and bears are picking up momentum.

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

CCI has generated a SELL signal for Magnum Ventures in short term but SELL signal is weak.

RSI is generating a BUY signal in short term and the buying is gaining momentum.

MRSI is in positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying 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 60.46 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 positive

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.