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Magna Electro Castings Limited

MAGNAELQ.BO Technical Analysis Summary (BSE)

Analyze MAGNAELQ.BO on the BSE with RSI, MACD, ADX, Bollinger Bands, support, resistance, momentum, and the latest technical trading signals.

MAGNAELQ.BO●BSE
IndustrialsManufacturing - Metal Fabrication
₹1225.50
₹48.45(3.80%)
Indian Market opens in 46h 49m

Disclaimer for Technical Analysis Page

The technical indicators and trading signals shown on this page are for informational purposes only and do not constitute financial advice. Stock market investments involve risk, and past performance is not a guarantee of future results. Always conduct your own research or consult a licensed financial advisor before making investment decisions.Read our Full Disclaimer

MAGNAELQ.BO Technical Analysis Summary (BSE)

Magna Electro Castings Limited (BSE: MAGNAELQ.BO) stock currently shows a neutral trend on the BSE, supported by momentum and balanced buying pressure.

Overall Sentiment:Neutral
Momentum:Neutral to Bearish (RSI: 40.18)
Trend Strength:Weak (ADX: 15.64)
Volatility:High (ATR: 93.48)
Support/Resistance:$1176.13 – $1480.99 (Bollinger Bands)

Technical conditions suggest Magna Electro Castings Limited on the BSE is awaiting a decisive move. Technical conditions suggest Magna Electro Castings Limited is consolidating, awaiting a decisive move.

Momentum Indicators

RSI (14): 40.18

Bearish
Below midpoint indicates downward pressure.

Stochastic %K: 29.79

Bearish
Momentum remains weak below midpoint.

Williams %R: -87.55

Bullish
Oversold zone suggests rebound potential.

Rate of Change (ROC): -5.76

Strongly Bearish
Sharp downside momentum.

Takeaway:Magna Electro Castings Limited shows strong bearish momentum, signaling downside pressure.

Trend & Volatility

MACD: -15.94

Bearish
Bearish, trend momentum is strengthening to the downside.

ADX: 15.64

Weak
Weak trend, market trading sideways.

ATR (14): 93.48

Rising
Rising volatility, market activity increasing.

CCI (14): -19.40

Neutral
Neutral, no strong directional signal.

Takeaway:Magna Electro Castings Limited shows a neutral trend, with weak conviction and limited volatility.

Support & Resistance indicators
Bollinger Bands
Upper Band
$1480.99
Middle Band (SMA 20)
$1328.56
Lower Band
$1176.13
Current Position
Within Bands

Takeaway:Magna Electro Castings Limited trades closer to support, showing weaker momentum within bands.

Keltner Channels
Upper Channel
$1504.45
Middle Line (EMA 20)
$1317.48
Lower Channel
$1130.51
Squeeze Status
Squeeze On

Takeaway:Magna Electro Castings Limited trades below the trend line, showing weaker momentum inside the channel.

Volume & Money Flow Analysis
On-Balance Volume50.90K
Money Flow Index77.74Bullish, inflows support continued momentum.
Relative Vigor Index26.49Bearish, price momentum favors sellers.

Overall Takeaway:MAGNAELQ.BO shows mixed signals in money flow analysis.

Technical Trading Signals Summary
Based on the current technical analysis of Magna Electro Castings Limited (BSE: MAGNAELQ.BO), here are the key trading signals and recommendations:

Bullish Signals

MFI below 80 → room for more buying without overbought risk.

Bearish Signals

MACD below signal line → short-term caution on momentum.

RVI below 50 → vigor tilted toward sellers.

Overall Recommendation:Technical indicators for Magna Electro Castings Limited are mixed, suggesting a Hold or wait-and-see approach.

(BSE: MAGNAELQ.BO) Technical Analysis FAQ