Stock analysis Oriental Trimex Limited ORIENTALTL

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Moving Averages for Oriental Trimex Limited

5Day Average: 9.92
12Day Average: 10.04
20Day Average: 10.02
50Day Average: 10.9
100Day Average: 10.97
150Day Average: 10.43
200Day Average: 9.58

ORIENTALTL Indicators & signals

Indicator MACD (12,26,9)

10.04, 10.37, -0.35
Indicator MACD is in negative zone

Indicator ADX (14)

12.82, 20.73, 26.83
Indicator ADX is indicating that momentum is weak.
Momentum is towards selling.

Indicator RSI (14)

Current RSI is: 39
Indicator RSI is indicating selling pressure and stock might fall.

Recent prices of ORIENTALTL Oriental Trimex Limited are as follows: Daily volume is divided by 10 day averaged volume

Date	Close	Range	Change %	Volume
29 Wed Jan 2025	9.90	9.80 to 10.14	0.81%	0.27 times
28 Tue Jan 2025	9.82	9.10 to 9.99	3.15%	2 times
27 Mon Jan 2025	9.52	9.50 to 10.14	-4.9%	0.42 times
24 Fri Jan 2025	10.01	9.91 to 10.46	-3.29%	0.72 times
23 Thu Jan 2025	10.35	9.54 to 10.46	3.81%	2.75 times
22 Wed Jan 2025	9.97	9.67 to 10.20	-1.68%	1.07 times
21 Tue Jan 2025	10.14	9.88 to 10.30	0%	0.53 times
20 Mon Jan 2025	10.14	9.86 to 10.37	1%	0.55 times
17 Fri Jan 2025	10.04	9.85 to 10.51	-2.52%	0.41 times
16 Thu Jan 2025	10.30	10.06 to 10.60	0.29%	0.58 times
15 Wed Jan 2025	10.27	9.82 to 10.57	1.99%	0.98 times
14 Tue Jan 2025	10.07	9.55 to 10.21	3.49%	0.76 times

Technical analysis forecast for Oriental Trimex 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 Oriental Trimex Limited ORIENTALTL at this time. Stock is falling and might fall more.

It appears as if Oriental Trimex Limited ORIENTALTL gave a large move recently.

Stock of Oriental Trimex Limited (ORIENTALTL) 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 Oriental Trimex Limited is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if Oriental Trimex Limited stays below 10, but if it comes above 10, then a intra day buy could be more profitable.
If you take a sell trade below 10, then use 10 as stoploss and 9.7 as target. However if you take a buy trade in Oriental Trimex Limited, then use 10 as stoploss and 10.24 as target.

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