NSE Stock EASTSILK_BE Historical charts - Eastern Silk Industries L

Historical charts for Stock EASTSILK_BE - Share Eastern Silk Industries L trades in NSE

Moving Averages for

  • 5Day Average: 1.98
  • 12Day Average: 2.19
  • 20Day Average: 2.48
  • 50Day Average: 2.61
  • 100Day Average: 2.42
  • 150Day Average: 2.29

EASTSILK_BE Indicators & signals

Indicator MACD (12,26,9)

2.18, 2.41, -0.15
Indicator MACD is in negative zone

Indicator ADX (14)

0, 41.18, 41.18
Indicator ADX is indicating that momentum is weak.
Momentum is towards selling.

Indicator RSI (14)

Current RSI is: 51
Indicator RSI is indicating buying momentum and stock might rise.

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

Date Close Range Change % Volume
06 Wed Mar 2024 1.80 1.80 to 1.90 -5.26% 0.32 times
05 Tue Mar 2024 1.90 1.90 to 2.05 -5% 1.71 times
04 Mon Mar 2024 2.00 2.00 to 2.15 -2.44% 1.4 times
02 Sat Mar 2024 2.05 2.05 to 2.15 -4.65% 0.04 times
01 Fri Mar 2024 2.15 2.05 to 2.25 0% 1.83 times
29 Thu Feb 2024 2.15 2.15 to 2.15 -4.44% 0.16 times
28 Wed Feb 2024 2.25 2.25 to 2.30 -4.26% 0.02 times
27 Tue Feb 2024 2.35 2.25 to 2.40 0% 1.21 times
26 Mon Feb 2024 2.35 2.30 to 2.50 -2.08% 0.86 times
23 Fri Feb 2024 2.40 2.40 to 2.55 -4% 0.94 times
22 Thu Feb 2024 2.50 2.30 to 2.50 4.17% 1.83 times
21 Wed Feb 2024 2.40 2.40 to 2.40 -4% 0.3 times

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

It appears as if EASTSILK_BE EASTSILK_BE gave a large move recently.

Stock of EASTSILK_BE (EASTSILK_BE) 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 EASTSILK_BE is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if EASTSILK_BE stays below 1.9, but if it comes above 1.9, then a intra day buy could be more profitable.
If you take a sell trade below 1.9, then use 1.9 as stoploss and 1.4 as target. However if you take a buy trade in EASTSILK_BE, then use 1.9 as stoploss and 2.33 as target.

Tomorrow's movement Prediction of EASTSILK_BE appears strongly Bearish. This stock started falling as soon as it opened and never recovered during the session. Generally this happens when there is a negative sentiment following the stock, making it unattractive. There's a good chance that this downfall will continue tomorrow as well. However, if it manages to close higher than where it opened today, then there might be a chance of reversal.

Tomorrow's movement Prediction of EASTSILK_BE is bearish. The stock has broken weekly support. An up move can be expected only after it starts trading above 1.83

Tomorrow's movement Prediction of EASTSILK_BE is strongly bearish. It has broken a strong support of 2 and is expected to move down further.

Munafa value: 10

 Munafa value: 10

If this Munafa value is near or nearing 100, then this stock might show an upward movement. However, if this value is near or nearing 10, then this stock might very well show a downward movement.

If the Munafa value is near 50, then the stock might show a sideways movement.

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