Stock analysis Scoda Tubes Limited SCODATUBES
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Technical analysis forecast for Scoda Tubes Limited 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 Scoda Tubes Limited SCODATUBES at this time. Stock is falling and might fall more.
It appears as if Scoda Tubes Limited SCODATUBES gave a large move recently.
Stock of Scoda Tubes Limited (SCODATUBES) 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 Scoda Tubes Limited is bearish for shortterm, and stock might move down till 196.3 or till 188.5. Use a stoploss of 202.78 and if the stock hits stoploss, then it can shoot up till 209.26
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