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 27.7 as stoploss in an intra day buy trade for a target of 28.71. However, stock will show a bearish move below 27.7.

538834 Mel is falling or rising NEWS fundamental reasons

Parliament panel suggests strict timelines for solar park developments A parliamentary panel urges faster solar park development. The panel recommends streamlining approvals and addressing power purchase agreement delays. It suggests a single-window system and standardized contracts. The panel also emphasizes protecting the - NEWS as on 2024-12-20 indiatimes.com

Gainers & Losers: SpiceJet, Dr, Reddy’s among 6 stocks that hogged limelight on Thursday Indian markets fell today, driven by IT and banking stocks after the Fed Chairman's signal on fewer interest rate cuts. SpiceJet, KFin Technologies, and Dr. Reddy's saw gains. - NEWS as on 2024-12-19 indiatimes.com

Gainers & Losers: MGL, Oberoi Realty among 15 stocks in limelight on Tuesday Indian indices dropped sharply, led by selling in heavyweights like HDFC Bank and ICICI Bank. Quess Corp, Piramal Pharma, CSB Bank saw gains, while realty and metal stocks faced losses. - NEWS as on 2024-12-17 indiatimes.com

Gainers & Losers: Adani group stocks, NALCO among 10 stocks in limelight on Thursday Indian markets ended lower on Thursday as IT sector gains, fueled by hopes of a US rate cut next week, were offset by losses in most sectors amid caution ahead of domestic inflation data. - NEWS as on 2024-12-12 indiatimes.com

Gainers&Losers: Delta Corp,Jupiter Wagons among 5stocks that hogged limelight on Wednesday Indian headline indices closed in the green after a narrow trading range. Sensex finished flat at 81,526.14, rising 16 points. Gains in IT, auto, and FMCG stocks offset losses in banking. - NEWS as on 2024-12-11 indiatimes.com

More announcements and NEWS

538834 Mel current price & indicator signals

Moving Averages for Mel

  • 5Day Average: 28.54
  • 12Day Average: 28.6
  • 20Day Average: 28.96
  • 50Day Average: 28.34
  • 100Day Average: 28.32
  • 150Day Average: 26.03
  • 200Day Average: 25.01

538834 Indicators & signals

Indicator MACD (12,26,9)

28.6, 28.72, 0.02
Indicator MACD is in negative zone

Indicator ADX (14)

4.95, 22.27, 20.17
Indicator ADX is indicating that momentum is weak.
Indicator ADX is showing that momentum is towards buying

Indicator RSI (14)

Current RSI is: 60
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
20 Fri Dec 2024 27.88 26.54 to 28.75 -0.39% 4.3 times
19 Thu Dec 2024 27.99 27.50 to 29.05 -3.42% 1 times
18 Wed Dec 2024 28.98 28.00 to 32.20 -2.13% 1.28 times
17 Tue Dec 2024 29.61 27.53 to 30.00 4.78% 1.38 times
16 Mon Dec 2024 28.26 27.43 to 29.01 1.65% 0.52 times
13 Fri Dec 2024 27.80 25.33 to 28.65 -0.5% 0.51 times
12 Thu Dec 2024 27.94 27.50 to 30.85 -2.03% 1.08 times
11 Wed Dec 2024 28.52 28.00 to 29.85 -1.31% 1.2 times
10 Tue Dec 2024 28.90 28.15 to 30.45 -0.58% 0.95 times
09 Mon Dec 2024 29.07 27.30 to 31.90 0.24% 1.13 times
06 Fri Dec 2024 29.00 27.50 to 30.00 -0.79% 0.95 times
05 Thu Dec 2024 29.23 29.00 to 30.90 -3.15% 0.67 times

Videos related to: 538834 NEWS why is Mel price falling or rising

 Videos related to: 538834 NEWS why is Mel price falling or rising

Hindi Basics How To Trade In FnO Futures Options Stock Market

538834 NEWS why is Mel price falling or rising

 

Back to top