Free Point and Figure charts MEL 538834 share BSE Stock Exchange

Stock 538834 - Share MEL trades in BSE

Daily Support: 26.11
Daily Resistance: 28.32
5 Day Moving Average is 28.54
20 Day Moving Average is 30.39

If a stock is trading above it's 5 day and 20 day moving averages, it's considered good for a trade! The support & resistance points are valid for intra day.

Also take a look at technical analysis reports for more details like moving averages, support and resistance.

Date	Change	Open	Close	High	Low	Volume
Fri 20 Dec 2024	-0.39%	27.92	27.88	28.75	26.54	3.22 times
Thu 19 Dec 2024	-3.42%	29.04	27.99	29.05	27.50	0.75 times
Wed 18 Dec 2024	-2.13%	29.45	28.98	32.20	28.00	0.96 times
Tue 17 Dec 2024	4.78%	29.09	29.61	30.00	27.53	1.04 times
Mon 16 Dec 2024	1.65%	27.50	28.26	29.01	27.43	0.39 times
Fri 13 Dec 2024	-0.5%	27.95	27.80	28.65	25.33	0.38 times
Thu 12 Dec 2024	-2.03%	30.85	27.94	30.85	27.50	0.81 times
Wed 11 Dec 2024	-1.31%	29.24	28.52	29.85	28.00	0.9 times
Tue 10 Dec 2024	-0.58%	30.45	28.90	30.45	28.15	0.71 times
Mon 09 Dec 2024	0.24%	27.30	29.07	31.90	27.30	0.85 times

Point & Figure Charts for MEL 538834

Point and Figure charts are best suited to find trend and reversal points of a stock.

Point & Figure charts can be used by long term investors, or even by short term swing traders. All you have to do is switch the Point & Figure BOX setting and Point & Figure Reversal settings below for MEL 538834 and you are good to go!

A swing trader can use 1% of the stocks current price as Point & Figure BOX, and the default 3 box as Reversal

A long term investor would be more comfortable with 2% to 5% Point and Figure BOX setting, and either 3 Box as Reversal, or 5 Box as Reversal

At MunafaSutra.com I use at least 250 data points to draw Point and Figure charts of MEL 538834 stock.