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Magna Electro Castings Limited

MAGNAELQ.BO•BSE
Industrials
Manufacturing - Metal Fabrication
₹1205.00
₹47.45(4.10%)
Indian Market opens in 10h 48m
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Magna Electro Castings Limited (MAGNAELQ.BO) Stock Technical Analysis & Trading Signals

Live technical indicators, trading signals, and momentum insights for Magna Electro Castings Limited (BSE:MAGNAELQ.BO).

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:Bullish (RSI: 62.20)
Trend Strength:Moderate (ADX: 28.45)
Volatility:High (ATR: 61.50)
Support/Resistance:$1117.24 – $1233.04 (Bollinger Bands)

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

Momentum Indicators

RSI (14): 62.20

Bullish
Above midpoint suggests upward bias.

Stochastic %K: 48.46

Neutral
Mid-range signal with no clear trend.

Williams %R: -36.14

Bullish
Buying pressure building steadily.

Rate of Change (ROC): -0.31

Neutral
Price change is minimal.

Takeaway:Magna Electro Castings Limited shows neutral momentum, with indicators pointing to indecision.

Trend & Volatility

MACD: 29.28

Bullish
Bullish, trend momentum is strengthening.

ADX: 28.45

Moderate
Moderate trend, direction gaining strength.

ATR (14): 61.50

Rising
Rising volatility, market activity increasing.

CCI (14): 8.42

Neutral
Neutral, no strong directional signal.

Takeaway:Magna Electro Castings Limited shows a firm trend supported by momentum, though one signal suggests caution.

Support & Resistance indicators
Bollinger Bands
Upper Band
$1233.04
Middle Band (SMA 20)
$1175.14
Lower Band
$1117.24
Current Position
Within Bands

Takeaway:Magna Electro Castings Limited trades closer to resistance, supported by stronger momentum within bands.

Keltner Channels
Upper Channel
$1270.55
Middle Line (EMA 20)
$1147.55
Lower Channel
$1024.54
Squeeze Status
Squeeze On

Takeaway:Magna Electro Castings Limited trades above the trend line, showing healthy momentum within the channel.

Volume & Money Flow Analysis
On-Balance Volume6.31K
Money Flow Index37.56Bearish, selling pressure outweighs inflows.
Relative Vigor Index63.61Bullish, 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.

MACD above 0 → bullish trend confirmation.

ADX above 20 → strong underlying trend.

Price trading above middle Bollinger Band → mid-term support intact.

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

Bearish Signals

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

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

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