Munafa technical analysis CNM technical analysis buy or sell

Munafa technical analysis CNM technical analysis buy or sell Analysis of CNM to buy or sell for Daily, weekly or monthly

Date Close Open High Low
03 Fri May 58.52 58.75 59.18 58.28
02 Thu May 57.87 57.45 58.51 56.52
01 Wed May 57.04 56.47 58.11 56.00
30 Tue Apr 56.47 57.27 57.55 56.46
29 Mon Apr 57.40 57.51 57.83 56.92

Stock of closed at 58.52 and it opened at 58.75
It moved inside a range of 58.28 and 59.18

52 week High is 60.83 and 52 week Low is 27.75
Financial Year High is 60.83 and Low is 53.32
This year High is 60.83 and Low is 38.51

CNM Daily Analysis to buy or sell

As per my analysis of CNM, 12 day returns for CNM have been positive, with total returns of 3.93, which is 7.2% with investment starting at 54.59.
An investment of 100,000 bucks in would have become 107200 bucks today.

CNM moves in a range of 0.5 points on a day to day basis. This means that a total of approx 0.5 plus points of returns can be expected in a bullish day, and a total of 0.5 minus points can be expected in a bearish day.
This is about 0.85% of returns per day.

Munafa analysis, looking for Trend and BUY or SELL opportunities.

  Munafa analysis, looking for Trend and  BUY or SELL opportunities.

Stock is 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 CNM at this time.

It appears as if CNM gave a large move recently.

Stock of (CNM) is trading above an important moving average line, but it crossed this line recently, which means that it could show a small or a large fall soon enough depending on its trend.

My analysis of is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stays above 57.7, but if it comes below 57.7, then a intra day sell could be more profitable.
If you take a sell trade below 57.7, then use 57.7 as stoploss and 56.45 as target. However if you take a buy trade in , then use 57.7 as stoploss and 59.3 as target.

You can find more Price Targets here or Forecast here for Shortterm, Midterm, and Longterm

Daily Candle Stick analysis of CNM

 Daily Candle Stick analysis of  CNM

Candle stick analysis of as on 03 Fri May 2024 is showing a red candle, which means that the sellers are dominating this session.

Candle stick ratios of are:
HL: 1.5 HC: 1.1 LC: 0.4 OC: 0.7

is moving towards a low expiry

Candle stick analysis of as on 02 Thu May 2024 is showing a green candle, which means that the buyers are dominating this session.

Candle stick ratios of are:
HL: 3.5 HC: 1.1 LC: 2.4 OC: 1.9

is moving towards a high expiry

Candle stick analysis of as on 01 Wed May 2024 is showing a green candle, which means that the buyers are dominating this session.

Candle stick ratios of are:
HL: 3.8 HC: 1.9 LC: 1.9 OC: 2.9

Candle stick analysis of as on 30 Tue Apr 2024 is showing a red candle, which means that the sellers are dominating this session.

Candle stick ratios of are:
HL: 1.9 HC: 1.9 LC: 0 OC: 0.5

is moving towards a low expiry

is forming a DOJI candle

Candle stick analysis of as on 29 Mon Apr 2024 is showing a red candle, which means that the sellers are dominating this session.

Candle stick ratios of are:
HL: 1.6 HC: 0.8 LC: 0.8 OC: 0.6

CNM Weekly Analysis to buy or sell

As per my analysis of CNM, 12 week returns for CNM have been positive, with total returns of 10.79, which is 22.61% with investment starting at 47.73.
An investment of 100,000 bucks in would have become 122610 bucks today.

CNM moves in a range of 1.9 points on a week to week basis. This means that a total of approx 1.9 plus points of returns can be expected in a bullish week, and a total of 1.9 minus points can be expected in a bearish week.
This is about 3.25% of returns per week.

Weekly Candle Stick analysis of CNM

 Weekly Candle Stick analysis of  CNM

Candle stick analysis of as on 03 Fri May 2024 is showing a green candle, which means that the buyers are dominating this session.

Candle stick ratios of are:
HL: 5.7 HC: 1.1 LC: 4.5 OC: 2.9

is moving towards a high expiry

Candle stick analysis of as on 26 Fri Apr 2024 is showing a green candle, which means that the buyers are dominating this session.

Candle stick ratios of are:
HL: 8 HC: 0.4 LC: 7.5 OC: 5.3

is moving towards a high expiry

Candle stick analysis of as on 19 Fri Apr 2024 is showing a red candle, which means that the sellers are dominating this session.

Candle stick ratios of are:
HL: 7.1 HC: 5.9 LC: 1.2 OC: 0.3

is moving towards a low expiry

is forming a DOJI candle

Candle stick analysis of as on 12 Fri Apr 2024 is showing a red candle, which means that the sellers are dominating this session.

Candle stick ratios of are:
HL: 6.2 HC: 5.8 LC: 0.4 OC: 0.6

is moving towards a low expiry

Candle stick analysis of as on 05 Fri Apr 2024 is showing a green candle, which means that the buyers are dominating this session.

Candle stick ratios of are:
HL: 7.7 HC: 2.7 LC: 4.9 OC: 6.1

is moving towards a high expiry

CNM Monthly Analysis to buy or sell

As per my analysis of CNM, 12 month returns for CNM have been positive, with total returns of 27.18, which is 86.73% with investment starting at 31.34.
An investment of 100,000 bucks in would have become 186730 bucks today.

CNM moves in a range of 3.2 points on a month to month basis. This means that a total of approx 3.2 plus points of returns can be expected in a bullish month, and a total of 3.2 minus points can be expected in a bearish month.
This is about 5.47% of returns per month.

Monthly Candle Stick analysis of CNM

 Monthly Candle Stick analysis of  CNM

Candle stick analysis of as on 03 Fri May 2024 is showing a green candle, which means that the buyers are dominating this session.

Candle stick ratios of are:
HL: 5.7 HC: 1.1 LC: 4.5 OC: 2.9

is moving towards a high expiry

Candle stick analysis of as on 26 Fri Apr 2024 is showing a green candle, which means that the buyers are dominating this session.

Candle stick ratios of are:
HL: 14.1 HC: 6.1 LC: 7.5 OC: 6.1

is moving towards a high expiry

Candle stick analysis of as on 28 Thu Mar 2024 is showing a green candle, which means that the buyers are dominating this session.

Candle stick ratios of are:
HL: 23.5 HC: 1.8 LC: 21.4 OC: 21.9

is moving towards a high expiry

Candle stick analysis of as on 29 Thu Feb 2024 is showing a green candle, which means that the buyers are dominating this session.

Candle stick ratios of are:
HL: 17.6 HC: 0.6 LC: 17 OC: 17.5

is moving towards a high expiry

Candle stick analysis of as on 26 Fri Jan 2024 is showing a green candle, which means that the buyers are dominating this session.

Candle stick ratios of are:
HL: 9.8 HC: 4.3 LC: 5.3 OC: 5.4

is moving towards a high expiry

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