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

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

10 day averaged volume of Loyal Textile is 1869

Date Daily Closing Price Open High Low Volume
17 Fri May 2024 591.05 587.90 602.55 583.90 1.144 times
16 Thu May 2024 587.90 574.00 592.00 574.00 0.385 times
15 Wed May 2024 575.90 575.00 584.50 569.95 0.488 times
14 Tue May 2024 572.15 570.00 586.05 562.00 0.401 times
13 Mon May 2024 571.15 562.50 586.90 551.80 0.579 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 587.2, but if it comes below 587.2, then a intra day sell could be more profitable.
If you take a sell trade below 587.2, then use 587.2 as stoploss and 574.22 as target. However if you take a buy trade in stock , then use 587.2 as stoploss and 602.8 as target.

Share price targets for Loyal Textile (LOYALTEX)

Target Type Value
Downside Target 484.20
Downside Target 501.10
Downside Target 545.20
Downside Target 583.35
Upside Target 600.00
Upside Target 619.70
Upside Target 629.95
Upside Target 630.00
Upside Target 679.00
Upside Target 701.10
Upside Target 729.00

Intraday share price targets for Loyal Textile (LOYALTEX)

Target Type Value
Downside Intraday Target 561.05
Downside Intraday Target 531.05
Upside Intraday Target 611.8
Upside Intraday Target 632.55
Downside Intraday Target 581.8

Weekly technical analysis of Loyal Textile (LOYALTEX)

Date Weekly Closing Price Open High Low Volume
17 Fri May 2024 591.05 562.50 602.55 551.80 0.428 times
10 Fri May 2024 559.70 592.05 619.70 550.00 1.351 times
03 Fri May 2024 589.35 560.00 629.95 559.80 1.028 times
26 Fri Apr 2024 570.20 568.15 583.35 547.75 3.597 times
19 Fri Apr 2024 559.45 545.20 588.00 545.20 0.265 times

Price has moved up 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 Loyal Textile (LOYALTEX)

Date Monthly Closing Price Open High Low Volume
17 Fri May 2024 591.05 568.15 629.95 550.00 0.596 times
30 Tue Apr 2024 565.50 525.00 630.00 501.10 0.138 times
28 Thu Mar 2024 514.60 617.40 679.00 484.20 14.949 times
29 Thu Feb 2024 618.90 648.95 729.00 600.00 1.288 times

Price has moved up 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 Loyal Textile (LOYALTEX)

Indicator Name Indicator Value Indicator Signal
ADX 20, 11, 27 Buy
MACD 0, -3Buy
Stochastics 49None
CCI 100Buy
RSI 47Sell
OBV 48Sell
VWAP 579Buy
ADL 0Sell
ROC 0Buy
Force Index 0Sell

Price action analysis of Loyal Textile ( (LOYALTEX) ) based on a short term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of Loyal Textile ( (LOYALTEX) ) based on a short term time period is positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

Price action analysis of Loyal Textile ( (LOYALTEX) ) based on a short to mid term time period is

Price action analysis of Loyal Textile ( (LOYALTEX) ) 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 Loyal Textile stock for short term is BUY. Signal strength is Strong and stock is gaining momentum.

MACD generated a BUY signal for Loyal Textile in short term and the buy signal is strong.

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

Loyal Textile Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bears are weakening, and bulls are picking up momentum!

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

CCI has generated a buy signal for Loyal Textile in short term and BUY signal is strong.

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 Loyal Textile is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 578.62 and Loyal Textile (LOYALTEX) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is falling down

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

Loyal Textile Stock is giving positive returns over a short term period. Returns for a longer term period have been positive

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

Click here for Loyal Textile charts

Click here for further forecast and predictions for tomorrow

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