Munafa technical analysis EG technical analysis buy or sell

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

Date Close Open High Low
20 Fri Dec 356.64 346.48 359.69 346.09
19 Thu Dec 349.36 347.88 351.98 347.75
18 Wed Dec 348.33 355.24 359.44 348.12
17 Tue Dec 355.06 354.62 356.13 352.40
16 Mon Dec 357.77 365.10 365.10 357.04

Stock of closed at 356.64 and it opened at 346.48
It moved inside a range of 346.09 and 359.69

52 week High is 407.30 and 52 week Low is 346.09
Financial Year High is 407.30 and Low is 346.09
This year High is 407.30 and Low is 343.76

EG Daily Analysis to buy or sell

As per my analysis of EG, 12 day returns for EG have been negative, with total returns of -26.21, which is -6.85% with investment starting at 382.85.
An investment of 100,000 bucks in would have become 93150 bucks today.

EG moves in a range of 3.6 points on a day to day basis. This means that a total of approx 3.6 plus points of returns can be expected in a bullish day, and a total of 3.6 minus points can be expected in a bearish day.
This is about 1.01% 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 downtrend for shortterm, and I will avoid taking a BUY or a LONG trade in this stock. Look for opportunities to sell or SHORT EG at this time.

It appears as if EG gave a large move recently.

Stock of (EG) 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, and the stock might move lower...

My analysis of is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stays below 357.2, but if it comes above 357.2, then a intra day buy could be more profitable.
If you take a sell trade below 357.2, then use 357.2 as stoploss and 340.8 as target. However if you take a buy trade in , then use 357.2 as stoploss and 370.8 as target.

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

Daily Candle Stick analysis of EG

 Daily Candle Stick analysis of  EG

Candle stick analysis of as on 20 Fri Dec 2024 is showing a green candle, which means that the buyers are dominating this session.

Candle stick ratios of are:
HL: 3.9 HC: 0.9 LC: 3.1 OC: 3.8

is moving towards a high expiry

Candle stick analysis of as on 19 Thu Dec 2024 is showing a green candle, which means that the buyers are dominating this session.

Candle stick ratios of are:
HL: 1.2 HC: 0.8 LC: 0.5 OC: 1.2

is moving towards a low expiry

Candle stick analysis of as on 18 Wed Dec 2024 is showing a red candle, which means that the sellers are dominating this session.

Candle stick ratios of are:
HL: 3.3 HC: 3.2 LC: 0.1 OC: 1.2

is moving towards a low expiry

Candle stick analysis of as on 17 Tue Dec 2024 is showing a green candle, which means that the buyers are dominating this session.

Candle stick ratios of are:
HL: 1.1 HC: 0.3 LC: 0.8 OC: 0.4

is moving towards a high expiry

is forming a DOJI candle

Candle stick analysis of as on 16 Mon Dec 2024 is showing a red candle, which means that the sellers are dominating this session.

Candle stick ratios of are:
HL: 2.3 HC: 2.1 LC: 0.2 OC: 0

is moving towards a low expiry

is forming a DOJI candle

EG Weekly Analysis to buy or sell

As per my analysis of EG, 12 week returns for EG have been negative, with total returns of -37.32, which is -9.47% with investment starting at 393.96.
An investment of 100,000 bucks in would have become 90530 bucks today.

EG moves in a range of 10.2 points on a week to week basis. This means that a total of approx 10.2 plus points of returns can be expected in a bullish week, and a total of 10.2 minus points can be expected in a bearish week.
This is about 2.86% of returns per week.

Weekly Candle Stick analysis of EG

 Weekly Candle Stick analysis of  EG

Candle stick analysis of as on 20 Fri Dec 2024 is showing a red candle, which means that the sellers are dominating this session.

Candle stick ratios of are:
HL: 5.5 HC: 2.4 LC: 3.1 OC: 0

is moving towards a high expiry

is forming a DOJI candle

Candle stick analysis of as on 13 Fri Dec 2024 is showing a red candle, which means that the sellers are dominating this session.

Candle stick ratios of are:
HL: 5 HC: 3.4 LC: 1.5 OC: 1.5

is moving towards a low expiry

Candle stick analysis of as on 05 Thu Dec 2024 is showing a red candle, which means that the sellers are dominating this session.

Candle stick ratios of are:
HL: 2.2 HC: 2.1 LC: 0.1 OC: 0.6

is moving towards a low expiry

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

Candle stick ratios of are:
HL: 1.7 HC: 0.8 LC: 0.9 OC: 1

is moving towards a high expiry

Candle stick analysis of as on 26 Tue Nov 2024 is showing a red candle, which means that the sellers are dominating this session.

Candle stick ratios of are:
HL: 2.3 HC: 1.4 LC: 0.9 OC: 0.3

is moving towards a low expiry

is forming a DOJI candle

EG Monthly Analysis to buy or sell

As per my analysis of EG, 12 month returns for EG have been negative, with total returns of -23.11, which is -6.09% with investment starting at 379.75.
An investment of 100,000 bucks in would have become 93910 bucks today.

EG moves in a range of 16.1 points on a month to month basis. This means that a total of approx 16.1 plus points of returns can be expected in a bullish month, and a total of 16.1 minus points can be expected in a bearish month.
This is about 4.51% of returns per month.

Monthly Candle Stick analysis of EG

 Monthly Candle Stick analysis of  EG

Candle stick analysis of as on 20 Fri Dec 2024 is showing a red candle, which means that the sellers are dominating this session.

Candle stick ratios of are:
HL: 11.6 HC: 8.3 LC: 3.1 OC: 0.6

is moving towards a low expiry

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

Candle stick ratios of are:
HL: 13.3 HC: 1.4 LC: 11.7 OC: 2.4

is moving towards a high expiry

Candle stick analysis of as on 25 Fri Oct 2024 is showing a red candle, which means that the sellers are dominating this session.

Candle stick ratios of are:
HL: 10.4 HC: 7.3 LC: 2.9 OC: 3

is moving towards a low expiry

Candle stick analysis of as on 27 Fri Sep 2024 is showing a green candle, which means that the buyers are dominating this session.

Candle stick ratios of are:
HL: 7.3 HC: 1.2 LC: 6 OC: 2.2

is moving towards a high expiry

Candle stick analysis of as on 30 Fri Aug 2024 is showing a green candle, which means that the buyers are dominating this session.

Candle stick ratios of are:
HL: 13.5 HC: 1.5 LC: 11.9 OC: 4.1

is moving towards a high expiry

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