Share has hit One Month high on 24-Jan-20 (Yesterday).
Inverted hammer structure Candlestick pattern was formed by Vardhman Acrylics on 23/01/2020
As Per ADX, stock is not trending with ADX of 14.5279 and is not trending for 83 Days
ADX minus DI has crossed above plus DI Values Adx : 14.5279, +DI : 13.6526, -DI : 16.9706 , 2 Days ago.
Bearish MACD line is crossed Below Signal line , 3 Days ago.
As Per Chaikin Money Flow, stock has Strong Selling pressure with CMF = -0.261574. Strong Selling pressure is for 20 Days
Chart of Vardhman Acrylics has formed Pattern - Head & Shoulder. Validity of this pattern is atleast for duration : 06/01/2020 to 27/01/2020 This formation is first detected on 24/01/2020. and as per our algorithm it is still valid till 27/01/2020.
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Share Price History of Vardhman Acrylics
Date
Open
High
Low
Close
Volume
27-Jan-20
35.75
35.75
34.55
35.00
6900
24-Jan-20
34.55
35.85
34.10
35.00
24125
23-Jan-20
35.00
35.25
34.95
34.95
20327
22-Jan-20
35.30
35.50
35.00
35.10
8793
21-Jan-20
35.70
35.70
34.55
35.15
14310
20-Jan-20
36.60
36.60
34.75
35.10
36400
17-Jan-20
36.40
37.00
35.55
36.30
13090
16-Jan-20
35.50
36.50
35.50
36.20
7178
15-Jan-20
35.85
36.05
35.20
36.00
10719
14-Jan-20
35.45
35.45
35.10
35.10
2962
About Vardhman Acrylics Limited
Vardhman Acrylics Limited manufactures and supplies acrylic fiber and tow in India. The company markets its products under the VARLAN brand name. Vardhman Acrylics Limited was incorporated in 1990 and is based in Ludhiana, India. Vardhman Acrylics Limited is a subsidiary of Vardhman Textiles Limited. About Strength
Strength is based on Deep Analysis, Back Testing and Historical Trend Analysis using Machine Learning. Overall Technical Strength is based on 50+ indicators including Technicals, moving Avg, chart patterns, candlestick and proprietary algorithms.Technical Strength is currently calculated around around 5 to 6 PM. This is an automated process and in NO WAY should be considered as a tip as its based on past data. We strongly recommend to use these signals for information only and seek advise from a certified professional for any trading decision.If you like it then please share. The more the visitors the more the innovations. Feedback
We are working on fundamental strength also. Please share your views to help shape up the requirement.
( Intraday Analysis is on 15 Mins Delayed Data. All Other analysis is based on End of Trade day's Value. Expected time of update is between 5 to 5.30 PM exchange time Zone)
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