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Stock analysis Salasar Techno Engg. Ltd. SALASAR

More indepth analysis on MunafaSutra.com

Moving Averages for Salasar Techno Engg. Ltd.

  • 5Day Average: 20.08
  • 12Day Average: 19.95
  • 20Day Average: 20.33
  • 50Day Average: 21.21
  • 100Day Average: 39.45
  • 150Day Average: 42.81
  • 200Day Average: 45.11

SALASAR Indicators & signals

Indicator MACD (12,26,9)

20.17, 20.85, -0.91
Indicator MACD is in negative zone

Indicator ADX (14)

6.98, 23.53, 27.06
Indicator ADX is indicating that momentum is weak.
Momentum is towards selling.

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
17 Fri May 2024 20.25 20.15 to 20.50 -0.49% 0.7 times
16 Thu May 2024 20.35 20.20 to 21.10 -2.4% 0.96 times
15 Wed May 2024 20.85 20.50 to 20.90 4.51% 2.3 times
14 Tue May 2024 19.95 19.00 to 19.95 5% 0.51 times
13 Mon May 2024 19.00 18.50 to 19.35 -1.81% 1.08 times
10 Fri May 2024 19.35 19.05 to 19.70 -0.26% 0.71 times
09 Thu May 2024 19.40 19.20 to 20.20 -2.27% 0.74 times
08 Wed May 2024 19.85 19.50 to 20.20 1.02% 0.68 times
07 Tue May 2024 19.65 19.50 to 20.20 -1.75% 1.01 times
06 Mon May 2024 20.00 19.65 to 20.65 -1.96% 1.05 times
03 Fri May 2024 20.40 20.20 to 20.75 0.49% 0.97 times
02 Thu May 2024 20.30 20.15 to 20.70 -1.46% 1.41 times

Technical analysis forecast for Salasar Techno Engg. Ltd. Stock is that its in a downtrend for shortterm, and I will avoid taking a BUY or a LONG trade in this stock. Look for opportunities to sell or SHORT Salasar Techno Engg. Ltd. SALASAR at this time. Stock is falling and might fall more.

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

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

My analysis of Salasar Techno Engg. Ltd. is bearish for shortterm, and stock might move down till 19.8 or till 19.1. Use a stoploss of 20.44 and if the stock hits stoploss, then it can shoot up till 21.06

More indepth analysis on MunafaSutra.com