Shares of Avenue Supermarts Ltd declined by 1.77% to Rs 4474.2 in Monday’s trade. The stock traded between a high of Rs 4560.0 and a low of Rs 4450.0. Technical analysis showed that the stock’s 200-day moving average (DMA) was at Rs 3889.41, while the 50-DMA stood at Rs 4217.23. When a stock trades above both the 50-DMA and 200-DMA, it usually indicates an upward trend. Conversely, if the stock trades below both averages, it suggests a bearish trend. The stock trading below the signal line of the MACD further supports a bearish bias. The stock’s RSI currently stands at 48.07, indicating a neutral position. The RoE and RoCE for the stock were at 14.83% and 12.31% respectively.