Mundra Port and Special Economic Zone ltd.
Last Price 438.60
The current movement of the stock price is shown in fig. 1. Further, there are 3 lines drawn that are helpful in figuring out the current trend of the stock. These 3 lines are the SMAs as mentioned in the figure. As the SMA(4) line is above all other lines, the trend is Bullish. Therefore, the stock price is expected to increase in the coming sessions. This is further supported by other tools, as shown below.
Before having a look out at other tools, it is better to first look at the current state of the stock i.e. it is whether trending or trading. This is done by the ADX graph. The current value of ADX is 44.12, therefore indicating that the stock is in the trending phase and thus trend followers to be used for further analysis.
Bollinger band is one of the general indicators which gives a faint idea of how the stock is moving. As shown in fig. 3, the price is moving close to the upper band (above the SMA(20) base line). It has been like that for almost 2 months. This adds some more probability to the presence of Bulls.
This graph helps in identifying the strength of the current trend (Bullish). As can be seen, the trend is gaining momentum therefore more upward movement is expected to come in the coming sessions.
Thus, it is figured out that the stock of Mundra Port is in the Bullish phase as of now and thus it is advised to buy the stock and wait for further signals. Obviously keeping a Stop loss at Rs. 435 will help if the trend changes suddenly.