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538834 NEWS why is Mel price falling or rising

538834 NEWS reasons for why stock price of Mel is falling or rising

538834 Mel is falling or rising technical reasons

Technical analysis forecast for Mel 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 Mel 538834 at this time. Stock is falling and might fall more.

It appears as if Mel 538834 gave a large move recently.

Stock of Mel (538834) 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 Mel is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 15 as stoploss in an intra day buy trade for a target of 15.68. However, stock will show a bearish move below 15.

538834 Mel is falling or rising NEWS fundamental reasons

HMEL to invest Rs 2,600 crore in Bathinda refinery HMEL is set to invest ?2,600 crore in a new petrochemical facility at its Bathinda refinery. This expansion will boost polypropylene production and establish fine chemical projects. The company also plans to launch petrol pumps across Punjab. These outlets - NEWS as on 2025-12-24 indiatimes.com

Gainers & Losers: Meesho among 7 stocks that hogged limelight on Monday Indian equities extended gains for a second day, led by IT stocks, with notable action in Persistent Systems, Jupiter Wagons, Shriram Finance and Hindustan Zinc, while Meesho and Reliance Power saw sharp declines. - NEWS as on 2025-12-22 indiatimes.com

Gainers & Losers: ICICI Pru AMC, Ola among 6 stocks that stole limelight on Friday ICICI Pru AMC, Ola Electric, BLS International, GPT Infraprojects, Meesho and HDFC AMC were in focus on Friday amid IPO listing action, court rulings, large order wins and profit booking. - NEWS as on 2025-12-19 indiatimes.com

Tata Sierra bookings open: Know Complete Price, variants, engine options and delivery timeline Tata Sierra bookings officially open: Tata Motors has opened bookings for the new Sierra SUV, with prices ranging from Rs 11.49 lakh to Rs 21.29 lakh. Deliveries are set to commence in January 2026, and the vehicle boasts a range of modern features and pow - NEWS as on 2025-12-16 indiatimes.com

IndiGo's senior expat official said to face action over operational meltdown DGCA's panel of inspectors has identified weaknesses in IndiGo's operations, with a top executive under scrutiny. The airline's operations control center is a major concern, leading to two-day pilot rosters and flight cancellations, exacerbated by low visi - NEWS as on 2025-12-15 indiatimes.com

IndiGo Meltdown: India must have at least five airlines with 100 aircraft each to avoid such crises, says aviation minister India's Civil Aviation Minister K. Ram Mohan Naidu has highlighted the urgent need for at least five airlines, each with about 100 aircraft. This move aims to prevent future aviation crises and reduce passenger dependence on a few dominant carriers. The mi - NEWS as on 2025-12-11 indiatimes.com

IndiGo Meltdown: India's aviation watchdog summons CEO Pieter Elbers, senior officials on Dec 11 Following widespread flight cancellations and delays by IndiGo, the DGCA has summoned CEO Pieter Elbers and top officials for a briefing on December 11. The aviation watchdog seeks updates on flight restoration, recruitment, refunds, baggage return, inform - NEWS as on 2025-12-10 indiatimes.com

More announcements and NEWS

538834 Mel current price & indicator signals

Moving Averages for Mel

  • 5Day Average: 15.51
  • 12Day Average: 15.34
  • 20Day Average: 15.83
  • 50Day Average: 15.72
  • 100Day Average: 15.44
  • 150Day Average: 19.6
  • 200Day Average: 21.06

538834 Indicators & signals

Indicator MACD (12,26,9)

15.54, 15.72, -0.15
Indicator MACD is in negative zone

Indicator ADX (14)

5.88, 14.29, 16.07
Indicator ADX is indicating that momentum is weak.
Momentum is towards selling.

Indicator RSI (14)

Current RSI is: 49
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of 538834 Mel are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
24 Wed Dec 2025 15.27 14.50 to 16.23 -3.23% 1.4 times
23 Tue Dec 2025 15.78 15.26 to 15.99 1.02% 0.44 times
22 Mon Dec 2025 15.62 15.10 to 15.90 0.13% 0.94 times
19 Fri Dec 2025 15.60 14.75 to 15.79 2.03% 0.92 times
18 Thu Dec 2025 15.29 14.80 to 15.35 2.07% 0.36 times
17 Wed Dec 2025 14.98 14.75 to 15.50 0.81% 0.82 times
16 Tue Dec 2025 14.86 14.81 to 15.69 -1.98% 0.64 times
15 Mon Dec 2025 15.16 15.00 to 15.90 -3.81% 0.92 times
12 Fri Dec 2025 15.76 14.81 to 16.50 3.89% 2.77 times
11 Thu Dec 2025 15.17 14.71 to 15.68 -0.91% 1.7 times
10 Wed Dec 2025 15.31 15.10 to 15.88 0.53% 0.5 times
09 Tue Dec 2025 15.23 14.51 to 15.75 -2.56% 0.66 times

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538834 NEWS why is Mel price falling or rising

 

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