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 negative, with total returns of -0.56, which is -2.43% with investment starting at 23.00.
An investment of 100,000 bucks in MEL would have become 97570 bucks today.

MEL 538834 moves in a range of 0.9 points on a day to day basis. This means that a total of approx 0.9 plus points of returns can be expected in a bullish day, and a total of 0.9 minus points can be expected in a bearish day.
This is about 4.01% 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, but it crossed this line recently, which means that it could show a small or a large fall soon enough depending on its trend.

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 22.5 as stoploss in an intra day sell trade for a target of 21.58. However, stock will show a bullish move above 22.5.

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 26 Fri Apr 2024 is showing a red candle, which means that the sellers are dominating this session.

Candle stick ratios of MEL are:
HL: 7.6 HC: 2.4 LC: 5.1 OC: 0

MEL is moving towards a high expiry

MEL is forming a DOJI candle

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

Candle stick ratios of MEL are:
HL: 10.5 HC: 8.7 LC: 1.7 OC: 6.2

MEL is moving towards a low expiry

Candle stick analysis of MEL as on 24 Wed Apr 2024 is showing a green candle, which means that the buyers are dominating this session.

Candle stick ratios of MEL are:
HL: 7.4 HC: 2.8 LC: 4.4 OC: 6.8

MEL is moving towards a high expiry

Candle stick analysis of MEL as on 23 Tue Apr 2024 is showing a green candle, which means that the buyers are dominating this session.

Candle stick ratios of MEL are:
HL: 1.9 HC: 0.2 LC: 1.7 OC: 1.7

MEL is moving towards a high expiry

Candle stick analysis of MEL as on 22 Mon Apr 2024 is showing a red candle, which means that the sellers are dominating this session.

Candle stick ratios of MEL are:
HL: 7.6 HC: 6.9 LC: 0.7 OC: 0

MEL is moving towards a low 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 negative, with total returns of -1.88, which is -7.73% with investment starting at 24.32.
An investment of 100,000 bucks in MEL would have become 92270 bucks today.

MEL 538834 moves in a range of 1.6 points on a week to week basis. This means that a total of approx 1.6 plus points of returns can be expected in a bullish week, and a total of 1.6 minus points can be expected in a bearish week.
This is about 7.13% of returns per week.

Weekly Candle Stick analysis of MEL 538834

Candle stick analysis of MEL as on 26 Fri Apr 2024 is showing a red candle, which means that the sellers are dominating this session.

Candle stick ratios of MEL are:
HL: 13.4 HC: 5.6 LC: 7.4 OC: 5.4

MEL is moving towards a high expiry

Candle stick analysis of MEL as on 19 Fri Apr 2024 is showing a green candle, which means that the buyers are dominating this session.

Candle stick ratios of MEL are:
HL: 13.8 HC: 8.2 LC: 5.2 OC: 13.8

MEL is moving towards a low expiry

Candle stick analysis of MEL as on 12 Fri Apr 2024 is showing a red candle, which means that the sellers are dominating this session.

Candle stick ratios of MEL are:
HL: 13.2 HC: 9.6 LC: 3.2 OC: 3

MEL is moving towards a low expiry

Candle stick analysis of MEL as on 05 Fri Apr 2024 is showing a green candle, which means that the buyers are dominating this session.

Candle stick ratios of MEL are:
HL: 23.4 HC: 3.3 LC: 19.5 OC: 23.4

MEL is moving towards a high expiry

Candle stick analysis of MEL as on 28 Thu Mar 2024 is showing a red candle, which means that the sellers are dominating this session.

Candle stick ratios of MEL are:
HL: 22.3 HC: 21.4 LC: 0.8 OC: 0

MEL is moving towards a low expiry

MEL is forming a DOJI candle

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 6.18, which is 38.01% with investment starting at 16.26.
An investment of 100,000 bucks in MEL would have become 138010 bucks today.

MEL 538834 moves in a range of 4 points on a month to month basis. This means that a total of approx 4 plus points of returns can be expected in a bullish month, and a total of 4 minus points can be expected in a bearish month.
This is about 17.83% of returns per month.

Monthly Candle Stick analysis of MEL 538834

Candle stick analysis of MEL as on 26 Fri Apr 2024 is showing a green candle, which means that the buyers are dominating this session.

Candle stick ratios of MEL are:
HL: 28.6 HC: 8.9 LC: 18.1 OC: 28.6

MEL is moving towards a high expiry

Candle stick analysis of MEL as on 28 Thu Mar 2024 is showing a red candle, which means that the sellers are dominating this session.

Candle stick ratios of MEL are:
HL: 44.7 HC: 37.5 LC: 5.3 OC: 0

MEL is moving towards a low expiry

MEL is forming a DOJI candle

Candle stick analysis of MEL as on 23 Fri Feb 2024 is showing a red candle, which means that the sellers are dominating this session.

Candle stick ratios of MEL are:
HL: 22.3 HC: 8.4 LC: 12.8 OC: 3

MEL is moving towards a high expiry

Candle stick analysis of MEL as on 25 Thu Jan 2024 is showing a green candle, which means that the buyers are dominating this session.

Candle stick ratios of MEL are:
HL: 42.3 HC: 18.4 LC: 20.2 OC: 23.8

MEL is moving towards a high expiry

Candle stick analysis of MEL as on 29 Fri Dec 2023 is showing a green candle, which means that the buyers are dominating this session.

Candle stick ratios of MEL are:
HL: 24.7 HC: 5.2 LC: 18.5 OC: 10.2

MEL is moving towards a high expiry

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