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NSE Stock MAGMA Historical charts - Magma Fincorp Limited

Historical charts for Stock MAGMA - Share Magma Fincorp Limited trades in NSE under Finance (including NBFCs)

Moving Averages for

  • 5Day Average: 157.96
  • 12Day Average: 144.19
  • 20Day Average: 140.1
  • 50Day Average: 126.79
  • 100Day Average: 107.12
  • 150Day Average: 85.68

MAGMA Indicators & signals

Indicator MACD (12,26,9)

147.91, 139.21, 6.55
Indicator MACD is in positive zone

Indicator ADX (14)

53.03, 37.97, 11.65
Indicator ADX is indicating that momentum is still strong.
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 MAGMA are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
08 Tue Jun 2021 154.90 153.90 to 166.95 -4.32% 0.94 times
07 Mon Jun 2021 161.90 157.15 to 173.65 -2.12% 4.13 times
04 Fri Jun 2021 165.40 157.25 to 165.40 4.98% 3.41 times
03 Thu Jun 2021 157.55 157.55 to 157.55 5% 0.09 times
02 Wed Jun 2021 150.05 150.05 to 150.05 4.97% 0.2 times
01 Tue Jun 2021 142.95 142.95 to 142.95 4.99% 0.41 times
31 Mon May 2021 136.15 128.40 to 136.15 4.97% 0.64 times
28 Fri May 2021 129.70 127.65 to 134.90 -2.52% 0.28 times
27 Thu May 2021 133.05 131.55 to 135.90 1.06% 0.32 times
26 Wed May 2021 131.65 131.00 to 134.90 -1.02% 0.23 times
25 Tue May 2021 133.00 130.25 to 136.40 -0.71% 0.29 times
24 Mon May 2021 133.95 132.50 to 137.90 -1.18% 0.35 times

Technical analysis forecast of MAGMA Stock is that its in a uptrend for shortterm, and I will avoid taking a SHORT or SELL trade in this stock. Look for opportunities to BUY or go LONG in MAGMA MAGMA at this time. Stock is rising and might rise more.

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

Stock of MAGMA (MAGMA) is trading above an important moving average line, and it has been above this line for quite some time now. This is a good sign, and the stock might keep rising and move higher!

My analysis of MAGMA is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if MAGMA stays above 153.4, but if it comes below 153.4, then a intra day sell could be more profitable.
If you take a sell trade below 153.4, then use 153.4 as stoploss and 142.35 as target. However if you take a buy trade in MAGMA, then use 153.4 as stoploss and 166.6 as target.

Tomorrow's movement Prediction of MAGMA 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.

Munafa value: 35

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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NSE Stock MAGMA Historical charts - Share Magma Fincorp Limited

 

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