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Stock analysis Eureka Forbes Limited EUREKAFORB

More indepth analysis on MunafaSutra.com

Moving Averages for Eureka Forbes Limited

  • 5Day Average: 592.04
  • 12Day Average: 588.73
  • 20Day Average: 585.13
  • 50Day Average: 590.24

EUREKAFORB Indicators & signals

Indicator MACD (12,26,9)

589.29, 589.21, -0.13
Indicator MACD is in positive zone

Indicator ADX (14)

21.83, 14.77, 23.01
Indicator ADX is indicating that momentum is weak.
Momentum is towards selling.

Indicator RSI (14)

Current RSI is: 52
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of EUREKAFORB Eureka Forbes Limited are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
10 Fri Jan 2025 578.20 562.00 to 588.05 -2.15% 1.14 times
09 Thu Jan 2025 590.90 586.20 to 600.00 -1.25% 0.62 times
08 Wed Jan 2025 598.40 587.45 to 607.00 -0.88% 0.37 times
07 Tue Jan 2025 603.70 591.90 to 606.50 2.5% 1.11 times
06 Mon Jan 2025 589.00 584.70 to 611.55 -2.04% 1.43 times
03 Fri Jan 2025 601.25 590.55 to 606.80 1.16% 0.83 times
02 Thu Jan 2025 594.35 581.15 to 597.65 2.16% 1.83 times
01 Wed Jan 2025 581.80 575.05 to 587.80 0.45% 0.72 times
31 Tue Dec 2024 579.20 568.30 to 583.00 -0.09% 1.11 times
30 Mon Dec 2024 579.75 571.15 to 583.95 0.16% 0.86 times
27 Fri Dec 2024 578.80 575.00 to 592.00 -1.8% 1.12 times
26 Thu Dec 2024 589.40 578.10 to 596.60 1.68% 1.06 times

Technical analysis forecast for Eureka Forbes Limited Stock is that its in a downtrend for shortterm, and I will avoid taking a BUY or a LONG trade in this stock. Look for opportunities to sell or SHORT Eureka Forbes Limited EUREKAFORB at this time. Stock is falling and might fall more.

It appears as if Eureka Forbes Limited EUREKAFORB gave a large move recently.

Stock of Eureka Forbes Limited (EUREKAFORB) is trading below an important moving average line, but it crossed this line recently, which means that it could show a small or a large recovery soon enough depending on its trend.

My analysis of Eureka Forbes Limited is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if Eureka Forbes Limited stays below 579.8, but if it comes above 579.8, then a intra day buy could be more profitable.
If you take a sell trade below 579.8, then use 579.8 as stoploss and 568.3 as target. However if you take a buy trade in Eureka Forbes Limited, then use 579.8 as stoploss and 589.4 as target.

More indepth analysis on MunafaSutra.com