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

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

Showing technical analysis as on 2023-03-29 View latest technical analysis

10 day averaged volume of Mirc Elect is 49143

Date	Daily Closing Price	Open	High	Low	Volume
29 Wed Mar 2023	11.75	11.20	12.09	11.20	0.607 times
28 Tue Mar 2023	11.31	11.70	11.84	11.10	1.812 times
27 Mon Mar 2023	11.85	12.12	12.45	11.55	1.883 times
24 Fri Mar 2023	12.25	13.35	13.35	12.00	0.978 times
23 Thu Mar 2023	12.82	13.05	13.05	12.67	0.673 times
22 Wed Mar 2023	13.01	12.64	13.25	12.60	0.802 times
21 Tue Mar 2023	12.59	12.10	12.95	12.10	0.599 times
20 Mon Mar 2023	12.57	14.40	14.40	12.45	1.253 times
17 Fri Mar 2023	13.27	13.19	13.30	13.00	0.407 times
16 Thu Mar 2023	13.11	13.60	13.60	12.80	0.891 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 12.3, but if it comes above 12.3, then a intra day buy could be more profitable.
If you take a sell trade below 12.3, then use 12.3 as stoploss and 11.1 as target. However if you take a buy trade in stock , then use 12.3 as stoploss and 13.24 as target.

Share price targets for Mirc Elect (MircElect)

Target Type	Value
Downside Target	11.10
Upside Target	12.00
Upside Target	12.45
Upside Target	12.80
Upside Target	13.25
Upside Target	13.85
Upside Target	14.40
Upside Target	14.90
Upside Target	15.00
Upside Target	16.50
Upside Target	19.25
Upside Target	19.35
Upside Target	21.50

Intraday share price targets for Mirc Elect (MircElect)

Target Type	Value
Downside Intraday Target	11.08
Downside Intraday Target	10.42
Upside Intraday Target	12.43
Upside Intraday Target	13.12
Upside Intraday Target	11.77

Weekly technical analysis of Mirc Elect (MircElect)

Date	Weekly Closing Price	Open	High	Low	Volume
29 Wed Mar 2023	11.75	12.12	12.45	11.10	0.999 times
24 Fri Mar 2023	12.25	14.40	14.40	12.00	1.171 times
17 Fri Mar 2023	13.27	14.67	14.67	12.80	1.254 times
10 Fri Mar 2023	14.03	14.55	14.90	13.86	0.876 times
03 Fri Mar 2023	14.42	14.65	14.90	13.85	0.531 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 Mirc Elect (MircElect)

Date	Monthly Closing Price	Open	High	Low	Volume
29 Wed Mar 2023	11.75	14.40	14.90	11.10	0.864 times
28 Tue Feb 2023	14.25	16.40	16.50	13.25	0.85 times
31 Tue Jan 2023	16.20	18.80	19.25	14.00	0.232 times
30 Fri Dec 2022	19.10	15.40	21.50	15.00	3.288 times

Scroll below to view daily charts

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

Indicators analysis of Mirc Elect (MircElect)

Price action analysis of Mirc Elect ( (MircElect) ) 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 Mirc Elect ( (MircElect) ) based on a short to mid 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 Mirc Elect ( (MircElect) ) 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 Mirc Elect stock for short term is SELL. Signal strength is Strong and stock is losing momentum.

MACD generated a SELL signal for Mirc Elect in short term and the sell signal is strong.

Mirc Elect Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls are picking up momentum!

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 Mirc Elect in short term but BUY signal is weak.

RSI is generating a SELL signal in short term but selling is losing momentum.

MRSI is in negative zone. This is the SELL zone

Although the stock is in the SELL zone, but selling might be slowing down

Stock of Mirc Elect is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 12.25 and Mirc Elect (MircElect) 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 Mirc Elect (MircElect) stock. Volume based technical analysis of Mirc Elect (MircElect) stock is negative.

Mirc Elect 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.