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Munafa technical analysis MEL 538834 technical analysis buy or sell

Munafa technical analysis MEL 538834 technical analysis buy or sell Analysis of MEL 538834 to buy or sell for Daily, weekly or monthly

Quick Chart Bull Charts Forecast Tomorrow Price Targets View Analysis

Date Close Open High Low
23 Thu Apr 10.49 10.28 10.69 10.28
22 Wed Apr 10.49 10.65 10.65 10.27
21 Tue Apr 10.07 10.49 10.79 9.55
20 Mon Apr 10.36 10.80 10.80 10.23
17 Fri Apr 10.41 10.55 10.94 10.10

Stock of MEL closed at 10.49 and it opened at 10.28
It moved inside a range of 10.28 and 10.69

52 week High is 41.00 and 52 week Low is 8.80
Financial Year High is 11.15 and Low is 9.03
This year High is 16.47 and Low is 8.80

MEL 538834 Daily Analysis to buy or sell

As per my analysis of MEL 538834, 12 day returns for MEL 538834 have been positive, with total returns of 0.79, which is 8.14% with investment starting at 9.70.
An investment of 100,000 bucks in MEL would have become 108140 bucks today.

MEL 538834 moves in a range of 0.2 points on a day to day basis. This means that a total of approx 0.2 plus points of returns can be expected in a bullish day, and a total of 0.2 minus points can be expected in a bearish day.
This is about 1.91% of returns per day.

MEL Munafa analysis, looking for Trend and BUY or SELL opportunities.

Stock is in a uptrend for shortterm, and I will avoid taking a SHORT or SELL trade in this stock. Look for opportunities to BUY or go LONG in MEL 538834 at this time.

It appears as if MEL 538834 gave a large move recently.

Stock of MEL (538834) is trading above an important moving average line, and it has been above this line for quite some time now. This is a good sign, and the stock might move higher!

My analysis of MEL is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 10.6 as stoploss in an intra day sell trade for a target of 9.97. However, stock will show a bullish move above 10.6.

You can find more Price Targets here or Forecast here for Shortterm, Midterm, and Longterm

Daily Candle Stick analysis of MEL 538834

Candle stick analysis of MEL as on 23 Thu Apr 2026 is showing a green candle, which means that the buyers are dominating this session.

Candle stick ratios of MEL are:
HL: 4 HC: 1.9 LC: 2 OC: 4

MEL is moving towards a high expiry

Candle stick analysis of MEL as on 22 Wed Apr 2026 is showing a red candle, which means that the sellers are dominating this session.

Candle stick ratios of MEL are:
HL: 3.7 HC: 1.5 LC: 2.1 OC: 0

MEL is moving towards a high expiry

MEL is forming a DOJI candle

Candle stick analysis of MEL as on 21 Tue Apr 2026 is showing a red candle, which means that the sellers are dominating this session.

Candle stick ratios of MEL are:
HL: 13 HC: 7.2 LC: 5.5 OC: 2.9

MEL is moving towards a low expiry

Candle stick analysis of MEL as on 20 Mon Apr 2026 is showing a red candle, which means that the sellers are dominating this session.

Candle stick ratios of MEL are:
HL: 5.6 HC: 4.3 LC: 1.3 OC: 0

MEL is moving towards a low expiry

MEL is forming a DOJI candle

Candle stick analysis of MEL as on 17 Fri Apr 2026 is showing a red candle, which means that the sellers are dominating this session.

Candle stick ratios of MEL are:
HL: 8.3 HC: 5.1 LC: 3.1 OC: 3.7

MEL is moving towards a low expiry

MEL 538834 Weekly Analysis to buy or sell

As per my analysis of MEL 538834, 12 week returns for MEL 538834 have been negative, with total returns of -4.05, which is -27.85% with investment starting at 14.54.
An investment of 100,000 bucks in MEL would have become 72150 bucks today.

MEL 538834 moves in a range of 0.7 points on a week to week basis. This means that a total of approx 0.7 plus points of returns can be expected in a bullish week, and a total of 0.7 minus points can be expected in a bearish week.
This is about 6.67% of returns per week.

Weekly Candle Stick analysis of MEL 538834

Candle stick analysis of MEL as on 23 Thu Apr 2026 is showing a red candle, which means that the sellers are dominating this session.

Candle stick ratios of MEL are:
HL: 13.1 HC: 3 LC: 9.8 OC: 0

MEL is moving towards a high expiry

MEL is forming a DOJI candle

Candle stick analysis of MEL as on 17 Fri Apr 2026 is showing a red candle, which means that the sellers are dominating this session.

Candle stick ratios of MEL are:
HL: 19 HC: 7.1 LC: 11.1 OC: 0.5

MEL is moving towards a high expiry

MEL is forming a DOJI candle

Candle stick analysis of MEL as on 10 Fri Apr 2026 is showing a green candle, which means that the buyers are dominating this session.

Candle stick ratios of MEL are:
HL: 19 HC: 2.4 LC: 16.2 OC: 15.9

MEL is moving towards a high expiry

Candle stick analysis of MEL as on 02 Thu Apr 2026 is showing a green candle, which means that the buyers are dominating this session.

Candle stick ratios of MEL are:
HL: 13.4 HC: 6.6 LC: 6.4 OC: 8.8

MEL is moving towards a low expiry

Candle stick analysis of MEL as on 27 Fri Mar 2026 is showing a red candle, which means that the sellers are dominating this session.

Candle stick ratios of MEL are:
HL: 9.9 HC: 8.5 LC: 1.3 OC: 2

MEL is moving towards a low expiry

MEL 538834 Monthly Analysis to buy or sell

As per my analysis of MEL 538834, 12 month returns for MEL 538834 have been negative, with total returns of -16.32, which is -60.87% with investment starting at 26.81.
An investment of 100,000 bucks in MEL would have become 39130 bucks today.

MEL 538834 moves in a range of 3.6 points on a month to month basis. This means that a total of approx 3.6 plus points of returns can be expected in a bullish month, and a total of 3.6 minus points can be expected in a bearish month.
This is about 34.32% of returns per month.

Monthly Candle Stick analysis of MEL 538834

Candle stick analysis of MEL as on 23 Thu Apr 2026 is showing a green candle, which means that the buyers are dominating this session.

Candle stick ratios of MEL are:
HL: 26.7 HC: 6.3 LC: 19.2 OC: 21.6

MEL is moving towards a high expiry

Candle stick analysis of MEL as on 27 Fri Mar 2026 is showing a red candle, which means that the sellers are dominating this session.

Candle stick ratios of MEL are:
HL: 59.2 HC: 57.2 LC: 1.3 OC: 9

MEL is moving towards a low expiry

Candle stick analysis of MEL as on 27 Fri Feb 2026 is showing a green candle, which means that the buyers are dominating this session.

Candle stick ratios of MEL are:
HL: 25.3 HC: 15.2 LC: 8.8 OC: 21

MEL is moving towards a low expiry

Candle stick analysis of MEL as on 30 Fri Jan 2026 is showing a red candle, which means that the sellers are dominating this session.

Candle stick ratios of MEL are:
HL: 33.3 HC: 14.2 LC: 16.7 OC: 6.5

MEL is moving towards a high expiry

Candle stick analysis of MEL as on 26 Fri Dec 2025 is showing a red candle, which means that the sellers are dominating this session.

Candle stick ratios of MEL are:
HL: 24.3 HC: 20.2 LC: 3.4 OC: 5.3

MEL is moving towards a low expiry

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Munafa technical analysis MEL 538834 technical analysis buy or sell

 

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