531515 NEWS why is Mahan Ind. price falling or rising

531515 NEWS reasons for why stock price of Mahan Ind. is falling or rising

531515 Mahan Ind is falling or rising technical reasons

Technical analysis forecast for Mahan Ind 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 Mahan Ind 531515 at this time. Stock is falling and might fall more.

It appears as if Mahan Ind 531515 gave a large move recently.

Stock of Mahan Ind (531515) 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 Mahan Ind is bearish for shortterm, and stock might move down till 2.5 or till 2.2. Use a stoploss of 2.82 and if the stock hits stoploss, then it can shoot up till 3.09

531515 Mahan Ind is falling or rising NEWS fundamental reasons

More announcements and NEWS

531515 Mahan Ind. current price & indicator signals

Moving Averages for Mahan Ind.

  • 5Day Average: 2.79
  • 12Day Average: 2.97
  • 20Day Average: 2.85
  • 50Day Average: 2.57
  • 100Day Average: 1.88
  • 150Day Average: 1.4
  • 200Day Average: 1.16

531515 Indicators & signals

Indicator MACD (12,26,9)

2.85, 2.77, 0.14
Indicator MACD is in positive zone

Indicator ADX (14)

75, 87.5, 12.5
Indicator ADX is indicating that momentum is still strong.
Indicator ADX is showing that momentum is towards buying

Indicator RSI (14)

Current RSI is: 63
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of 531515 Mahan Ind. are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
29 Mon Apr 2024 2.69 2.69 to 2.69 -1.82% 0.36 times
26 Fri Apr 2024 2.74 2.74 to 2.84 -1.79% 0.63 times
25 Thu Apr 2024 2.79 2.79 to 2.79 -1.76% 0.55 times
24 Wed Apr 2024 2.84 2.84 to 2.84 -1.73% 0.27 times
23 Tue Apr 2024 2.89 2.89 to 2.89 -1.7% 0.35 times
22 Mon Apr 2024 2.94 2.94 to 3.00 -2% 0.29 times
19 Fri Apr 2024 3.00 3.00 to 3.00 -1.96% 1.78 times
18 Thu Apr 2024 3.06 3.06 to 3.06 -1.92% 0.31 times
16 Tue Apr 2024 3.12 3.12 to 3.12 -1.89% 0.45 times
15 Mon Apr 2024 3.18 3.18 to 3.18 -1.85% 0.75 times
12 Fri Apr 2024 3.24 3.24 to 3.24 1.89% 4.63 times
10 Wed Apr 2024 3.18 3.18 to 3.18 1.92% 2.24 times

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531515 NEWS why is Mahan Ind. price falling or rising

 

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