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(Morarjetex) Morarjetex complete technical analysis [charts+indicators] | Buy/Sell Morarjetex | (Morarjetex) share price targets

Complete technical analysis of Morarjetex (Morarjetex) by charts plus indicators, forecast predictions and share price targets for Morarjetex (Morarjetex)

Showing technical analysis as on 2024-08-07 View latest technical analysis

10 day averaged volume of Morarjetex is 18777

Date	Daily Closing Price	Open	High	Low	Volume
07 Wed Aug 2024	12.09	11.52	12.09	11.52	0.677 times
06 Tue Aug 2024	11.52	12.00	12.00	11.52	0.823 times
05 Mon Aug 2024	12.12	12.12	12.29	12.12	0.635 times
02 Fri Aug 2024	12.75	13.04	13.04	12.00	3.062 times
01 Thu Aug 2024	12.42	12.27	12.42	12.27	2.651 times
29 Mon Jul 2024	11.83	11.83	11.84	11.83	0.385 times
22 Mon Jul 2024	12.45	12.45	12.45	12.45	0.193 times
15 Mon Jul 2024	13.10	13.10	13.10	13.10	0.22 times
08 Mon Jul 2024	13.78	13.78	13.78	13.78	0.03 times
01 Mon Jul 2024	14.50	14.50	14.50	14.50	0.048 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 12.2, but if it comes above 12.2, then a intra day buy could be more profitable.
If you take a sell trade below 12.2, then use 12.2 as stoploss and 10.8 as target. However if you take a buy trade in stock , then use 12.2 as stoploss and 13.42 as target.

Share price targets for Morarjetex (Morarjetex)

Target Type	Value
Downside Target	11.52
Downside Target	11.83
Upside Target	12.20
Upside Target	13.04
Upside Target	13.78
Upside Target	14.50
Upside Target	16.12
Upside Target	16.96
Upside Target	17.00
Upside Target	18.78
Upside Target	22.41

Intraday share price targets for Morarjetex (Morarjetex)

Target Type	Value
Downside Intraday Target	11.64
Downside Intraday Target	11.2
Upside Intraday Target	12.41
Upside Intraday Target	12.74
Downside Intraday Target	11.97

Weekly technical analysis of Morarjetex (Morarjetex)

Date	Weekly Closing Price	Open	High	Low	Volume
07 Wed Aug 2024	12.09	12.12	12.29	11.52	0.35 times
02 Fri Aug 2024	12.75	11.83	13.04	11.83	31.662 times
22 Mon Jul 2024	12.45	12.45	12.45	12.45	0.877 times
15 Mon Jul 2024	13.10	13.10	13.10	13.10	7.431 times
08 Mon Jul 2024	13.78	13.78	13.78	13.78	0.615 times

Price has moved down this week, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming weeks.

Monthly technical analysis of Morarjetex (Morarjetex)

Date	Monthly Closing Price	Open	High	Low	Volume
07 Wed Aug 2024	12.09	12.27	13.04	11.52	8.972 times
29 Mon Jul 2024	11.83	14.50	14.50	11.83	0.079 times
18 Tue Jun 2024	16.06	16.12	16.12	12.20	177.208 times
27 Mon May 2024	16.96	18.78	18.78	16.96	0.019 times

Scroll below to view daily charts

Price has moved up this month, and volume has increased substantially. This means that the move can continue in coming months.

Indicators analysis of Morarjetex (Morarjetex)

Price action analysis of Morarjetex ( (Morarjetex) ) based on a short term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Price action analysis of Morarjetex ( (Morarjetex) ) based on a short to mid term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

Price action analysis of Morarjetex ( (Morarjetex) ) based on a mid to longer term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

ADX buy sell signal for Morarjetex stock for short term is SELL. Signal strength is Weak and stock is losing momentum.

MACD generated a BUY signal for Morarjetex in short term but the buy signal is initial and weak.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Morarjetex Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.

Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be moving up

CCI has generated a buy signal for Morarjetex in short term but BUY signal is weak.

RSI is generating a SELL signal in short term and selling is picking up momentum.

MRSI is in positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying might be slowing down

Stock of Morarjetex is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 12.41 and Morarjetex (Morarjetex) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down

People seem to be coming out and selling the Morarjetex (Morarjetex) stock. Volume based technical analysis of Morarjetex (Morarjetex) stock is negative.

Morarjetex Stock has given negative returns over a short term period. Returns for a longer term period have been negative.

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.