509438 NEWS why is Benares Hot price falling or rising

509438 NEWS reasons for why stock price of Benares Hot is falling or rising

509438 Benares Hot is falling or rising technical reasons

Technical analysis forecast for Benares Hot 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 Benares Hot 509438 at this time. Stock is falling and might fall more.

It appears as if Benares Hot 509438 gave a large move recently.

Stock of Benares Hot (509438) 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, stock might keep falling and stock might move lower...

My analysis of Benares Hot is bearish for shortterm, and stock might move down till 8684.6 or till 8480.5. Use a stoploss of 8854.69 and if the stock hits stoploss, then it can shoot up till 9024.8

509438 Benares Hot is falling or rising NEWS fundamental reasons

More announcements and NEWS

509438 Benares Hot current price & indicator signals

Moving Averages for Benares Hot

  • 5Day Average: 8691.27
  • 12Day Average: 8878.26
  • 20Day Average: 8833.83
  • 50Day Average: 9040.69
  • 100Day Average: 8839.38
  • 150Day Average: 7923.79
  • 200Day Average: 7229.76

509438 Indicators & signals

Indicator MACD (12,26,9)

8813.37, 8883.65, -61.1
Indicator MACD is in negative zone

Indicator ADX (14)

29.2, 17.95, 32.75
Indicator ADX is indicating that momentum is weak.
Momentum is towards selling.

Indicator RSI (14)

Current RSI is: 48
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of 509438 Benares Hot are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
18 Thu Apr 2024 8849.70 8729.00 to 9064.95 3.16% 1.66 times
16 Tue Apr 2024 8578.55 8451.00 to 8698.95 -0.01% 0.78 times
15 Mon Apr 2024 8579.35 8250.60 to 8700.00 -2.42% 1.11 times
12 Fri Apr 2024 8791.95 8656.80 to 8898.00 1.56% 0.68 times
10 Wed Apr 2024 8656.80 8001.00 to 8999.00 -3.71% 3.73 times
09 Tue Apr 2024 8990.00 8800.00 to 9195.00 -1.08% 0.54 times
08 Mon Apr 2024 9088.40 9000.10 to 9350.00 -1.43% 0.47 times
05 Fri Apr 2024 9220.05 9197.00 to 9470.00 0.76% 0.96 times
04 Thu Apr 2024 9150.70 8950.05 to 9196.00 2.74% 0.56 times
03 Wed Apr 2024 8906.50 8841.40 to 8988.00 0.26% 0.49 times
02 Tue Apr 2024 8883.15 8700.00 to 8900.00 0.44% 0.66 times
01 Mon Apr 2024 8843.95 8610.00 to 8857.85 1.82% 0.55 times

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