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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

Date Close Open High Low
01 Wed Apr 9.67 9.96 9.96 9.03
30 Mon Mar 8.93 9.17 9.17 8.80
27 Fri Mar 9.22 9.87 9.87 9.10
25 Wed Mar 9.58 9.51 9.99 9.30
24 Tue Mar 9.30 9.46 9.74 9.21

Stock of MEL closed at 9.67 and it opened at 9.96
It moved inside a range of 9.03 and 9.96

52 week High is 41.00 and 52 week Low is 8.80
Financial Year High is 9.96 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 negative, with total returns of -0.67, which is -6.48% with investment starting at 10.34.
An investment of 100,000 bucks in MEL would have become 93520 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 2.07% 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 9.2 as stoploss in an intra day buy trade for a target of 10.3. However, stock will show a bearish move below 9.2.

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 01 Wed Apr 2026 is showing a red candle, which means that the sellers are dominating this session.

Candle stick ratios of MEL are:
HL: 10.3 HC: 3 LC: 7.1 OC: 0

MEL is moving towards a high expiry

MEL is forming a DOJI candle

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

Candle stick ratios of MEL are:
HL: 4.2 HC: 2.7 LC: 1.5 OC: 0

MEL is moving towards a low expiry

MEL is forming a DOJI candle

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: 8.5 HC: 7.1 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 25 Wed Mar 2026 is showing a green candle, which means that the buyers are dominating this session.

Candle stick ratios of MEL are:
HL: 7.4 HC: 4.3 LC: 3 OC: 5.1

MEL is moving towards a low expiry

Candle stick analysis of MEL as on 24 Tue Mar 2026 is showing a red candle, which means that the sellers are dominating this session.

Candle stick ratios of MEL are:
HL: 5.8 HC: 4.7 LC: 1 OC: 3

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 -5.2, which is -34.97% with investment starting at 14.87.
An investment of 100,000 bucks in MEL would have become 65030 bucks today.

MEL 538834 moves in a range of 0.8 points on a week to week basis. This means that a total of approx 0.8 plus points of returns can be expected in a bullish week, and a total of 0.8 minus points can be expected in a bearish week.
This is about 8.27% of returns per week.

Weekly Candle Stick analysis of MEL 538834

Candle stick analysis of MEL as on 01 Wed Apr 2026 is showing a green candle, which means that the buyers are dominating this session.

Candle stick ratios of MEL are:
HL: 13.2 HC: 3 LC: 9.9 OC: 8.6

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: 9.9 HC: 8.5 LC: 1.3 OC: 2

MEL is moving towards a low expiry

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

Candle stick ratios of MEL are:
HL: 11 HC: 6.7 LC: 4.1 OC: 0

MEL is moving towards a low expiry

MEL is forming a DOJI candle

Candle stick analysis of MEL as on 13 Fri Mar 2026 is showing a red candle, which means that the sellers are dominating this session.

Candle stick ratios of MEL are:
HL: 21 HC: 9.8 LC: 10.2 OC: 1.8

MEL is moving towards a high expiry

Candle stick analysis of MEL as on 06 Fri Mar 2026 is showing a red candle, which means that the sellers are dominating this session.

Candle stick ratios of MEL are:
HL: 35.2 HC: 28.7 LC: 5 OC: 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 negative, with total returns of -17.14, which is -63.93% with investment starting at 26.81.
An investment of 100,000 bucks in MEL would have become 36070 bucks today.

MEL 538834 moves in a range of 3.5 points on a month to month basis. This means that a total of approx 3.5 plus points of returns can be expected in a bullish month, and a total of 3.5 minus points can be expected in a bearish month.
This is about 36.19% of returns per month.

Monthly Candle Stick analysis of MEL 538834

Candle stick analysis of MEL as on 01 Wed Apr 2026 is showing a green candle, which means that the buyers are dominating this session.

Candle stick ratios of MEL are:
HL: 13.2 HC: 3 LC: 9.9 OC: 8.6

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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