Stock analysis Salasar Techno Engg. Ltd. SALASAR

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Moving Averages for Salasar Techno Engg. Ltd.

5Day Average: 18.54
12Day Average: 18.04
20Day Average: 18.18
50Day Average: 18.09
100Day Average: 19.1
150Day Average: 20.66
200Day Average: 32.29

SALASAR Indicators & signals

Indicator MACD (12,26,9)

18.34, 18.17, 0.01
Indicator MACD is in positive zone

Indicator ADX (14)

36.36, 33.71, 15.73
Indicator ADX is indicating that momentum is weak.
Indicator ADX is showing that momentum is towards buying

Indicator RSI (14)

Current RSI is: 67
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of SALASAR Salasar Techno Engg. Ltd. are as follows: Daily volume is divided by 10 day averaged volume

Date	Close	Range	Change %	Volume
06 Fri Sep 2024	19.39	18.38 to 20.30	-0.56%	4.26 times
05 Thu Sep 2024	19.50	17.72 to 19.53	9.8%	4.28 times
04 Wed Sep 2024	17.76	17.69 to 17.97	-1.5%	0.25 times
03 Tue Sep 2024	18.03	17.84 to 18.24	0%	0.3 times
02 Mon Sep 2024	18.03	17.85 to 18.30	1.63%	0.46 times
30 Fri Aug 2024	17.74	17.43 to 17.87	0.23%	0.36 times
29 Thu Aug 2024	17.70	17.35 to 17.90	0%	0.67 times
29 Thu Aug 2024	17.70	17.35 to 17.90	0%	0.67 times
29 Thu Aug 2024	17.70	17.35 to 17.90	0.06%	0.67 times
28 Wed Aug 2024	17.69	17.55 to 18.90	1.2%	1.54 times
27 Tue Aug 2024	17.48	17.43 to 18.12	-1.63%	0.79 times
26 Mon Aug 2024	17.77	17.65 to 18.64	-3.89%	0.84 times

Technical analysis forecast of Salasar Techno Engg. Ltd. Stock is that its in a uptrend for shortterm, and I will avoid taking a SHORT or SELL trade in this stock. Look for opportunities to BUY or go LONG in Salasar Techno Engg. Ltd. SALASAR at this time. Stock is rising and might rise more.

It appears as if Salasar Techno Engg. Ltd. SALASAR gave a large move recently.

Stock of Salasar Techno Engg. Ltd. (SALASAR) is trading above an important moving average line, but it crossed this line recently, which means that it could show a small or a large fall soon enough depending on its trend.

My analysis of Salasar Techno Engg. Ltd. is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if Salasar Techno Engg. Ltd. stays above 19, but if it comes below 19, then a intra day sell could be more profitable.
If you take a sell trade below 19, then use 19 as stoploss and 18.22 as target. However if you take a buy trade in Salasar Techno Engg. Ltd., then use 19 as stoploss and 20 as target.

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