CMICABLES_BZ NEWS why is Cmi Limited price falling or rising

CMICABLES_BZ NEWS reasons for why stock price of Cmi Limited is falling or rising

CMICABLES_BZ Cmi is falling or rising technical reasons

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

It appears as if Cmi CMICABLES_BZ gave a large move recently.

Stock of Cmi (CMICABLES_BZ) 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 Cmi is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if Cmi stays below 5.4, but if it comes above 5.4, then a intra day buy could be more profitable.
If you take a sell trade below 5.4, then use 5.4 as stoploss and 4.4 as target. However if you take a buy trade in Cmi, then use 5.4 as stoploss and 6.2 as target.

CMICABLES_BZ Cmi is falling or rising NEWS fundamental reasons

NFRA debars auditors, imposes Rs 50 lakh penalties for lapses in Brightcom, CMIL cases The National Financial Reporting Authority (NFRA) has barred auditors of M/s Brightcom Group for up to ten years and imposed heavy monetary penalties on them, citing professional misconduct in auditing the company between FY20 and FY22. - NEWS as on 2024-04-26 indiatimes.com

More announcements and NEWS

CMICABLES_BZ Cmi Limited current price & indicator signals

Moving Averages for Cmi Limited

  • 5Day Average: 5.46
  • 12Day Average: 6.45
  • 20Day Average: 6.49

CMICABLES_BZ Indicators & signals

Recent prices of CMICABLES_BZ Cmi Limited are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
22 Mon Apr 2024 4.95 4.95 to 5.00 -4.81% 1.02 times
15 Mon Apr 2024 5.20 5.20 to 5.50 -4.59% 0.79 times
08 Mon Apr 2024 5.45 5.45 to 5.70 -4.39% 0.8 times
01 Mon Apr 2024 5.70 5.70 to 5.85 -5% 0.63 times
26 Tue Mar 2024 6.00 6.00 to 6.30 -4.76% 0.21 times
18 Mon Mar 2024 6.30 6.30 to 6.60 -4.55% 0.33 times
11 Mon Mar 2024 6.60 6.60 to 6.60 -5.04% 0.51 times
04 Mon Mar 2024 6.95 6.95 to 7.65 -4.79% 0.61 times
26 Mon Feb 2024 7.30 7.15 to 7.50 -2.67% 1.12 times
19 Mon Feb 2024 7.50 7.45 to 8.20 -4.46% 1.39 times
12 Mon Feb 2024 7.85 7.30 to 8.00 2.61% 3.61 times
05 Mon Feb 2024 7.65 7.45 to 7.70 2.68% 1.4 times

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CMICABLES_BZ NEWS why is Cmi Limited price falling or rising

 

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