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Stock analysis Goyal Aluminiums Limited GOYALALUM

More indepth analysis on MunafaSutra.com

Moving Averages for Goyal Aluminiums Limited

  • 5Day Average: 9.31
  • 12Day Average: 9.81
  • 20Day Average: 10.26
  • 50Day Average: 10.14
  • 100Day Average: 9.87
  • 150Day Average: 27.92
  • 200Day Average: 71.37

GOYALALUM Indicators & signals

Indicator MACD (12,26,9)

9.72, 10.03, -0.13
Indicator MACD is in negative zone

Indicator ADX (14)

23.81, 12.12, 19.7
Indicator ADX is indicating that momentum is weak.
Momentum is towards selling.

Indicator RSI (14)

Current RSI is: 49
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of GOYALALUM Goyal Aluminiums Limited are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
10 Fri Jan 2025 9.02 8.86 to 9.23 -0.99% 0.61 times
09 Thu Jan 2025 9.11 9.01 to 9.62 -4% 1.07 times
08 Wed Jan 2025 9.49 9.35 to 9.64 1.06% 0.51 times
07 Tue Jan 2025 9.39 9.35 to 9.69 -1.47% 0.78 times
06 Mon Jan 2025 9.53 9.40 to 10.67 -5.83% 1.61 times
03 Fri Jan 2025 10.12 9.55 to 10.20 3.27% 0.71 times
02 Thu Jan 2025 9.80 9.51 to 10.05 -1.51% 1.26 times
01 Wed Jan 2025 9.95 9.81 to 10.49 -1.29% 1.63 times
31 Tue Dec 2024 10.08 9.56 to 10.30 -1.56% 0.86 times
30 Mon Dec 2024 10.24 10.20 to 10.99 -2.85% 0.87 times
27 Fri Dec 2024 10.54 10.21 to 10.70 1.44% 0.71 times
26 Thu Dec 2024 10.39 10.26 to 11.00 -2.07% 0.78 times

Technical analysis forecast for Goyal Aluminiums 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 Goyal Aluminiums Limited GOYALALUM at this time. Stock is falling and might fall more.

It appears as if Goyal Aluminiums Limited GOYALALUM gave a large move recently.

Stock of Goyal Aluminiums Limited (GOYALALUM) is trading below an important moving average line, and it has been below this line for quite some time now. This is not a good sign, stock might keep falling and stock might move lower...

My analysis of Goyal Aluminiums Limited is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if Goyal Aluminiums Limited stays below 9.3, but if it comes above 9.3, then a intra day buy could be more profitable.
If you take a sell trade below 9.3, then use 9.3 as stoploss and 8.4 as target. However if you take a buy trade in Goyal Aluminiums Limited, then use 9.3 as stoploss and 9.94 as target.

More indepth analysis on MunafaSutra.com