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NSE Stock MELSTAR Historical charts - Melstar Information Technologies Limited

Historical charts for Stock MELSTAR - Share Melstar Information Technologies Limited trades in NSE under IT Software Products

Moving Averages for

  • 5Day Average: 3.69
  • 12Day Average: 3.91
  • 20Day Average: 3.72
  • 50Day Average: 3.77
  • 100Day Average: 4.3
  • 150Day Average: 5.05

MELSTAR Indicators & signals

Indicator MACD (12,26,9)

3.77, 3.74, 0.05
Indicator MACD is in positive zone

Indicator ADX (14)

6.67, 43.75, 50
Indicator ADX is indicating that momentum is weak.
Momentum is towards selling.

Indicator RSI (14)

Current RSI is: 55
Indicator RSI is indicating buying momentum and stock might rise.

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

Date Close Range Change % Volume
13 Fri Apr 2018 3.60 3.60 to 3.60 0% 0 times
10 Tue Apr 2018 3.60 3.60 to 3.65 -1.37% 0 times
09 Mon Apr 2018 3.65 3.65 to 3.65 -3.95% 0 times
06 Fri Apr 2018 3.80 3.80 to 3.80 0% 0 times
19 Mon Feb 2018 3.80 3.80 to 3.80 -3.8% 0 times
01 Thu Feb 2018 3.95 3.95 to 3.95 -2.47% 0 times
31 Wed Jan 2018 4.05 4.05 to 4.25 -4.71% 0 times
25 Thu Jan 2018 4.25 4.25 to 4.25 1.19% 0.02 times
24 Wed Jan 2018 4.20 4.05 to 4.40 -1.18% 2.86 times
23 Tue Jan 2018 4.25 4.20 to 4.25 4.94% 3.46 times
22 Mon Jan 2018 4.05 3.90 to 4.05 8% 3.66 times
21 Sun Jan 2018 3.75 3.50 to 3.75 -3.85% 5.42 times

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

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

Stock of MELSTAR (MELSTAR) 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 MELSTAR is bearish for shortterm, and stock might move down till 3.4 or till 3. Use a stoploss of 3.74 and if the stock hits stoploss, then it can shoot up till 4.08

Tomorrow's movement Prediction of MELSTAR is bearish. The stock has broken weekly support. An up move can be expected only after it starts trading above 3.8

Munafa value: 40

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 MELSTAR Historical charts - Share Melstar Information Technologies Limited

 

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