Free Point and Figure charts Melstar Information Tech MELSTAR_BZ share NSE Stock Exchange

Stock MELSTAR_BZ - Share Melstar Information Tech trades in NSE

Daily Support: 4.11
Daily Resistance: 4.52
5 Day Moving Average is 4.35
20 Day Moving Average is 4.97

If a stock is trading above it's 5 day and 20 day moving averages, it's considered good for a trade! The support & resistance points are valid for intra day.

Also take a look at technical analysis reports for more details like moving averages, support and resistance.

Date	Change	Open	Close	High	Low	Volume
Mon 02 Sep 2024	1.92%	4.15	4.25	4.37	3.96	1.15 times
Mon 26 Aug 2024	-4.58%	4.58	4.17	4.58	4.15	5.37 times
Mon 19 Aug 2024	0%	4.37	4.37	4.37	4.15	7.26 times
Mon 12 Aug 2024	-5.21%	4.61	4.37	4.84	4.37	7.04 times
Mon 05 Aug 2024	4.77%	4.20	4.61	4.62	4.20	6.43 times
Mon 29 Jul 2024	0%	4.62	4.40	4.62	4.40	3.65 times
Mon 22 Jul 2024	-2.22%	4.40	4.40	4.40	4.40	0.1 times
Mon 15 Jul 2024	-4.26%	4.50	4.50	4.50	4.50	1.3 times
Mon 08 Jul 2024	-1.05%	4.75	4.70	4.75	4.60	0.34 times
Mon 01 Jul 2024	-5%	5.00	4.75	5.00	4.75	2.65 times

Point & Figure Charts for Melstar Information Tech MELSTAR_BZ

Point and Figure charts are best suited to find trend and reversal points of a stock.

Point & Figure charts can be used by long term investors, or even by short term swing traders. All you have to do is switch the Point & Figure BOX setting and Point & Figure Reversal settings below for Melstar Information Tech MELSTAR_BZ and you are good to go!

A swing trader can use 1% of the stocks current price as Point & Figure BOX, and the default 3 box as Reversal

A long term investor would be more comfortable with 2% to 5% Point and Figure BOX setting, and either 3 Box as Reversal, or 5 Box as Reversal

At MunafaSutra.com I use at least 250 data points to draw Point and Figure charts of Melstar Information Tech MELSTAR_BZ stock.