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Magna Electro Castings Limited

Magna Electro Castings Limited (MAGNAELQ.BO) Stock Technical Analysis & Trading Signals

Live technical indicators, trading signals, and momentum insights for Magna Electro Castings Limited.

MAGNAELQ.BO●BSE
IndustrialsManufacturing - Metal Fabrication
₹1071.25
₹27.75(2.53%)
Indian Market opens in 16h 26m
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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

Magna Electro Castings Limited stock currently shows a bullish trend, supported by momentum and strong buying pressure.

Overall Sentiment:Buy
Momentum:Neutral to Bullish (RSI: 55.49)
Trend Strength:Strong (ADX: 32.93)
Volatility:High (ATR: 53.74)
Support/Resistance:$977.64 – $1205.21 (Bollinger Bands)

Overall, Magna Electro Castings Limited remains neutral, with indicators showing mixed momentum.

Momentum Indicators

RSI (14): 55.49

Bullish
Above midpoint suggests upward bias.

Stochastic %K: 84.74

Bearish
Overbought levels may trigger pullback.

Williams %R: -14.60

Bearish
Overbought levels may trigger correction.

Rate of Change (ROC): 3.51

Bullish
Steady upward momentum.

Takeaway:Magna Electro Castings Limited shows strong bullish momentum, with buyers firmly in control.

Trend & Volatility

MACD: -8.49

Bearish
Bearish, trend momentum is strengthening to the downside.

ADX: 32.93

Strong
Strong trend, momentum well established.

ATR (14): 53.74

Rising
Rising volatility, market activity increasing.

CCI (14): 199.88

Bearish Risk
Bearish risk, overbought levels suggest caution.

Takeaway:Magna Electro Castings Limited shows weakening trend signals, with bearish pressure building.

Support & Resistance indicators
Bollinger Bands
Upper Band
$1205.21
Middle Band (SMA 20)
$1091.43
Lower Band
$977.64
Current Position
Within Bands

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

Keltner Channels
Upper Channel
$1196.05
Middle Line (EMA 20)
$1088.57
Lower Channel
$981.09
Squeeze Status
No Squeeze

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

Volume & Money Flow Analysis
On-Balance Volume17.83K
Money Flow Index49.64Neutral, balanced money flows with no clear signal.
Relative Vigor Index65.04Bullish, price momentum strongly favors buyers.

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, here are the key trading signals and recommendations:

Bullish Signals

RSI above 50 → positive momentum from buyers.

ADX above 20 → strong underlying trend.

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

Bearish Signals

No significant bearish signals detected.

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

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