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

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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 0.02, which is 0.07% with investment starting at 27.47.
An investment of 100,000 bucks in MEL would have become 100070 bucks today.

MEL 538834 moves in a range of 0.8 points on a day to day basis. This means that a total of approx 0.8 plus points of returns can be expected in a bullish day, and a total of 0.8 minus points can be expected in a bearish day.
This is about 2.91% of returns per day.

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

Stock is 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 MEL 538834 at this time.

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

Stock of MEL (538834) 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, and the stock might move lower...

My analysis of MEL is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 27.2 as stoploss in an intra day buy trade for a target of 27.83. However, stock will show a bearish move below 27.2.

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 08 Wed Jan 2025 is showing a red candle, which means that the sellers are dominating this session.

Candle stick ratios of MEL are:
HL: 6.3 HC: 3.3 LC: 2.9 OC: 0

MEL is moving towards a low expiry

MEL is forming a DOJI candle

Candle stick analysis of MEL as on 07 Tue Jan 2025 is showing a red candle, which means that the sellers are dominating this session.

Candle stick ratios of MEL are:
HL: 5.7 HC: 2.6 LC: 3 OC: 0

MEL is moving towards a high expiry

MEL is forming a DOJI candle

Candle stick analysis of MEL as on 06 Mon Jan 2025 is showing a red candle, which means that the sellers are dominating this session.

Candle stick ratios of MEL are:
HL: 6.1 HC: 1.9 LC: 4.1 OC: 0

MEL is moving towards a high expiry

MEL is forming a DOJI candle

Candle stick analysis of MEL as on 03 Fri Jan 2025 is showing a green candle, which means that the buyers are dominating this session.

Candle stick ratios of MEL are:
HL: 4.3 HC: 1.9 LC: 2.4 OC: 4.3

MEL is moving towards a high expiry

Candle stick analysis of MEL as on 02 Thu Jan 2025 is showing a red candle, which means that the sellers are dominating this session.

Candle stick ratios of MEL are:
HL: 6.1 HC: 2.5 LC: 3.5 OC: 0

MEL is moving towards a high expiry

MEL is forming a DOJI candle

MEL 538834 Weekly Analysis to buy or sell

As per my analysis of MEL 538834, 12 week returns for MEL 538834 have been positive, with total returns of 2.49, which is 9.96% with investment starting at 25.00.
An investment of 100,000 bucks in MEL would have become 109960 bucks today.

MEL 538834 moves in a range of 2.2 points on a week to week basis. This means that a total of approx 2.2 plus points of returns can be expected in a bullish week, and a total of 2.2 minus points can be expected in a bearish week.
This is about 8% of returns per week.

Weekly Candle Stick analysis of MEL 538834

Candle stick analysis of MEL as on 08 Wed Jan 2025 is showing a red candle, which means that the sellers are dominating this session.

Candle stick ratios of MEL are:
HL: 7 HC: 3.3 LC: 3.6 OC: 0.9

MEL is moving towards a high expiry

Candle stick analysis of MEL as on 03 Fri Jan 2025 is showing a green candle, which means that the buyers are dominating this session.

Candle stick ratios of MEL are:
HL: 7.2 HC: 3.5 LC: 3.6 OC: 7.2

MEL is moving towards a high expiry

Candle stick analysis of MEL as on 27 Fri Dec 2024 is showing a red candle, which means that the sellers are dominating this session.

Candle stick ratios of MEL are:
HL: 12.4 HC: 10 LC: 2.2 OC: 0

MEL is moving towards a low expiry

MEL is forming a DOJI candle

Candle stick analysis of MEL as on 20 Fri Dec 2024 is showing a green candle, which means that the buyers are dominating this session.

Candle stick ratios of MEL are:
HL: 21.3 HC: 15.5 LC: 5.1 OC: 17.1

MEL is moving towards a low expiry

Candle stick analysis of MEL as on 13 Fri Dec 2024 is showing a green candle, which means that the buyers are dominating this session.

Candle stick ratios of MEL are:
HL: 25.9 HC: 14.8 LC: 9.8 OC: 16.9

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 positive, with total returns of 2.89, which is 11.75% with investment starting at 24.60.
An investment of 100,000 bucks in MEL would have become 111750 bucks today.

MEL 538834 moves in a range of 4.3 points on a month to month basis. This means that a total of approx 4.3 plus points of returns can be expected in a bullish month, and a total of 4.3 minus points can be expected in a bearish month.
This is about 15.64% of returns per month.

Monthly Candle Stick analysis of MEL 538834

Candle stick analysis of MEL as on 08 Wed Jan 2025 is showing a green candle, which means that the buyers are dominating this session.

Candle stick ratios of MEL are:
HL: 7.6 HC: 3.3 LC: 4.2 OC: 7.6

MEL is moving towards a high expiry

Candle stick analysis of MEL as on 27 Fri Dec 2024 is showing a red candle, which means that the sellers are dominating this session.

Candle stick ratios of MEL are:
HL: 32.2 HC: 22.8 LC: 7.7 OC: 0

MEL is moving towards a low expiry

MEL is forming a DOJI candle

Candle stick analysis of MEL as on 29 Fri Nov 2024 is showing a green candle, which means that the buyers are dominating this session.

Candle stick ratios of MEL are:
HL: 38.3 HC: 11.5 LC: 24 OC: 32.7

MEL is moving towards a high expiry

Candle stick analysis of MEL as on 25 Fri Oct 2024 is showing a red candle, which means that the sellers are dominating this session.

Candle stick ratios of MEL are:
HL: 31.8 HC: 23.6 LC: 6.7 OC: 4

MEL is moving towards a low expiry

Candle stick analysis of MEL as on 27 Fri Sep 2024 is showing a red candle, which means that the sellers are dominating this session.

Candle stick ratios of MEL are:
HL: 41.5 HC: 23.9 LC: 14.2 OC: 4

MEL is moving towards a low expiry

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