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Stock analysis Seshasayee Paper and Boards Limited SESHAPAPER

More indepth analysis on MunafaSutra.com

Moving Averages for Seshasayee Paper and Boards Limited

  • 5Day Average: 301.39
  • 12Day Average: 308.16
  • 20Day Average: 318.96
  • 50Day Average: 330.29
  • 100Day Average: 339.08
  • 150Day Average: 345.65
  • 200Day Average: 328.96

SESHAPAPER Indicators & signals

Indicator MACD (12,26,9)

307.96, 318.29, -7.81
Indicator MACD is in negative zone

Indicator ADX (14)

64.91, 7.26, 34.14
Indicator ADX is indicating that momentum is still strong.
Momentum is towards selling.

Indicator RSI (14)

Current RSI is: 43
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of SESHAPAPER Seshasayee Paper and Boards Limited are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
28 Thu Mar 2024 294.25 290.00 to 303.00 1.19% 1.77 times
27 Wed Mar 2024 290.80 286.20 to 302.90 -2.84% 2.03 times
26 Tue Mar 2024 299.30 298.00 to 307.10 -4.12% 2.06 times
22 Fri Mar 2024 312.15 308.40 to 315.00 0.55% 0.36 times
21 Thu Mar 2024 310.45 303.75 to 315.20 2.95% 0.89 times
20 Wed Mar 2024 301.55 296.55 to 312.10 -2.88% 0.9 times
19 Tue Mar 2024 310.50 308.00 to 314.90 -0.46% 0.35 times
18 Mon Mar 2024 311.95 310.00 to 318.80 -1.9% 0.76 times
15 Fri Mar 2024 318.00 312.15 to 319.95 0.44% 0.36 times
14 Thu Mar 2024 316.60 300.05 to 320.15 3.96% 1.04 times
13 Wed Mar 2024 304.55 300.35 to 327.95 -7.11% 1.25 times
12 Tue Mar 2024 327.85 322.70 to 333.30 -0.77% 0.74 times

Technical analysis forecast for Seshasayee Paper and Boards 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 Seshasayee Paper and Boards Limited SESHAPAPER at this time. Stock is falling and might fall more.

It appears as if Seshasayee Paper and Boards Limited SESHAPAPER gave a large move recently.

Stock of Seshasayee Paper and Boards Limited (SESHAPAPER) is trading below an important moving average line, and it has been below this line for quite some time now. This is not a good sign, stock might keep falling and stock might move lower...

My analysis of Seshasayee Paper and Boards Limited is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if Seshasayee Paper and Boards Limited stays below 298.9, but if it comes above 298.9, then a intra day buy could be more profitable.
If you take a sell trade below 298.9, then use 298.9 as stoploss and 279.9 as target. However if you take a buy trade in Seshasayee Paper and Boards Limited, then use 298.9 as stoploss and 314.65 as target.

More indepth analysis on MunafaSutra.com