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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.

Showing technical analysis as on 2024-04-08 View latest technical analysis

10 day averaged volume of Magnum Ventures is 268495

Date	Daily Closing Price	Open	High	Low	Volume
08 Mon Apr 2024	53.45	57.20	57.95	53.45	0.939 times
05 Fri Apr 2024	56.25	56.25	56.25	53.00	3.522 times
04 Thu Apr 2024	53.60	53.60	53.60	53.60	0.114 times
03 Wed Apr 2024	51.05	51.05	51.05	51.05	0.053 times
02 Tue Apr 2024	48.65	46.90	48.65	46.10	0.599 times
01 Mon Apr 2024	46.35	45.10	46.35	44.55	0.665 times
28 Thu Mar 2024	44.15	45.75	45.75	42.00	1.457 times
27 Wed Mar 2024	44.15	45.50	48.15	43.75	1.141 times
26 Tue Mar 2024	45.90	46.30	48.10	44.15	1.298 times
22 Fri Mar 2024	46.25	48.40	48.90	45.75	0.755 times

My analysis of stock is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 54.3 as stoploss in an intra day sell trade for a target of 49.64. However, stock will show a bullish move above 54.3.

Share price targets for Magnum Ventures (MAGNUM)

Target Type	Value
Downside Target	42.00
Downside Target	43.50
Downside Target	44.55
Downside Target	46.00
Downside Target	48.10
Downside Target	52.05
Downside Target	53.45
Upside Target	56.25
Upside Target	57.95
Upside Target	58.05
Upside Target	61.85
Upside Target	62.25
Upside Target	71.90
Upside Target	81.60

Intraday share price targets for Magnum Ventures (MAGNUM)

Target Type	Value
Downside Intraday Target	51.95
Downside Intraday Target	50.45
Upside Intraday Target	56.45
Upside Intraday Target	59.45
Upside Intraday Target	54.95

Weekly technical analysis of Magnum Ventures (MAGNUM)

Date	Weekly Closing Price	Open	High	Low	Volume
08 Mon Apr 2024	53.45	57.20	57.95	53.45	0.19 times
05 Fri Apr 2024	56.25	45.10	56.25	44.55	1.272 times
28 Thu Mar 2024	44.15	46.30	48.15	42.00	0.925 times
22 Fri Mar 2024	46.25	46.55	48.90	43.50	0.775 times
15 Fri Mar 2024	47.75	61.85	61.85	46.70	1.22 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 Mon Apr 2024	53.45	45.10	57.95	44.55	0.322 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
31 Wed Jan 2024	68.45	50.85	81.60	48.10	4.827 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 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 Magnum Ventures ( (MAGNUM) ) 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 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 but the buy signal is initial and weak.

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 red color and prices are in or above the red 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 but buying 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 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 49.92 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 negative.

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