500890 NEWS why is Modi Rubber price falling or rising

500890 NEWS reasons for why stock price of Modi Rubber is falling or rising

500890 Modi Rubber is falling or rising technical reasons

Technical analysis forecast for Modi Rubber Stock is that its 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 Modi Rubber 500890 at this time. Stock is falling and might fall more.

It appears as if Modi Rubber 500890 gave a large move recently.

Stock of Modi Rubber (500890) is trading below an important moving average line, but it crossed this line recently, which means that it could show a small or a large recovery soon enough depending on its trend.

My analysis of Modi Rubber is bearish for shortterm, and stock might move down till 96.4 or till 93.4. Use a stoploss of 98.82 and if the stock hits stoploss, then it can shoot up till 101.26

500890 Modi Rubber is falling or rising NEWS fundamental reasons

More announcements and NEWS

500890 Modi Rubber current price & indicator signals

Moving Averages for Modi Rubber

  • 5Day Average: 97.44
  • 12Day Average: 98.5
  • 20Day Average: 99.88
  • 50Day Average: 95.66
  • 100Day Average: 93.69
  • 150Day Average: 91.97
  • 200Day Average: 86.91

500890 Indicators & signals

Indicator MACD (12,26,9)

98.66, 98.59, 0.69
Indicator MACD is in positive zone

Indicator ADX (14)

5.02, 24.64, 27.25
Indicator ADX is indicating that momentum is weak.
Momentum is towards selling.

Indicator RSI (14)

Current RSI is: 57
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of 500890 Modi Rubber are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
16 Thu May 2024 98.00 96.55 to 99.00 -1.01% 1.88 times
15 Wed May 2024 99.00 96.60 to 99.00 0.05% 0.31 times
14 Tue May 2024 98.95 98.95 to 98.95 4.99% 0.3 times
13 Mon May 2024 94.25 93.15 to 94.60 -2.84% 0.39 times
10 Fri May 2024 97.00 95.15 to 97.95 -1.97% 0.51 times
09 Thu May 2024 98.95 96.05 to 99.80 -0.85% 1.71 times
08 Wed May 2024 99.80 96.05 to 99.80 1.84% 0.08 times
07 Tue May 2024 98.00 96.00 to 98.40 -0.41% 0.75 times
06 Mon May 2024 98.40 96.10 to 102.00 -1.6% 2.18 times
03 Fri May 2024 100.00 98.00 to 102.40 2.41% 2.85 times
02 Thu May 2024 97.65 97.65 to 102.00 -4.26% 0.92 times
30 Tue Apr 2024 102.00 102.00 to 104.00 0.01% 0.71 times

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500890 NEWS why is Modi Rubber price falling or rising

 

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