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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 2024-04-16 View latest technical analysis

10 day averaged volume of Magnum Ventures is 241641

Date	Daily Closing Price	Open	High	Low	Volume
16 Tue Apr 2024	53.70	53.50	54.45	50.60	0.558 times
15 Mon Apr 2024	52.55	51.00	53.40	50.90	1.057 times
12 Fri Apr 2024	53.55	53.00	53.95	52.45	0.394 times
10 Wed Apr 2024	52.90	53.45	53.45	52.25	0.486 times
09 Tue Apr 2024	52.00	54.55	55.15	51.30	1.515 times
08 Mon Apr 2024	53.45	57.20	57.95	53.45	1.044 times
05 Fri Apr 2024	56.25	56.25	56.25	53.00	3.913 times
04 Thu Apr 2024	53.60	53.60	53.60	53.60	0.127 times
03 Wed Apr 2024	51.05	51.05	51.05	51.05	0.059 times
02 Tue Apr 2024	48.65	46.90	48.65	46.10	0.666 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 53.1, but if it comes below 53.1, then a intra day sell could be more profitable.
If you take a sell trade below 53.1, then use 53.1 as stoploss and 49.28 as target. However if you take a buy trade in stock , then use 53.1 as stoploss and 57.7 as target.

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	50.60
Upside Target	54.45
Upside Target	56.25
Upside Target	57.95
Upside Target	58.05
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	51.38
Downside Intraday Target	49.07
Upside Intraday Target	55.23
Upside Intraday Target	56.77
Downside Intraday Target	52.92

Weekly technical analysis of Magnum Ventures (MAGNUM)

Date	Weekly Closing Price	Open	High	Low	Volume
16 Tue Apr 2024	53.70	51.00	54.45	50.60	0.47 times
12 Fri Apr 2024	53.55	57.20	57.95	51.30	0.625 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

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 Magnum Ventures (MAGNUM)

Date	Monthly Closing Price	Open	High	Low	Volume
16 Tue Apr 2024	53.70	45.10	57.95	44.55	0.519 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 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 Magnum Ventures ( (MAGNUM) ) 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 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 Weak 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 in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. 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 moving up

CCI has generated a buy signal for Magnum Ventures in short term and BUY signal is strong.

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 53.9 and Magnum Ventures (MAGNUM) stock is trading below this level. This means that stock is falling with high volumes. 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.