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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: 331.54
  • 12Day Average: 339.53
  • 20Day Average: 343.97
  • 50Day Average: 346.13
  • 100Day Average: 343.85
  • 150Day Average: 336.31
  • 200Day Average: 338.33

SESHAPAPER Indicators & signals

Indicator MACD (12,26,9)

337.57, 342.24, -2.81
Indicator MACD is in negative zone

Indicator ADX (14)

31.74, 11.22, 21.65
Indicator ADX is indicating that momentum is weak.
Momentum is towards selling.

Indicator RSI (14)

Current RSI is: 54
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
09 Wed Oct 2024 332.30 327.60 to 334.85 0.32% 0.6 times
08 Tue Oct 2024 331.25 321.70 to 332.90 2.7% 0.72 times
07 Mon Oct 2024 322.55 320.00 to 338.60 -3.83% 1.72 times
04 Fri Oct 2024 335.40 331.00 to 343.20 -0.24% 1.51 times
03 Thu Oct 2024 336.20 335.05 to 339.50 -1.02% 0.84 times
01 Tue Oct 2024 339.65 339.10 to 343.70 -0.67% 0.6 times
30 Mon Sep 2024 341.95 341.00 to 347.45 -0.6% 0.9 times
27 Fri Sep 2024 344.00 341.35 to 351.85 -1.32% 0.88 times
26 Thu Sep 2024 348.60 345.35 to 353.00 0.33% 0.34 times
25 Wed Sep 2024 347.45 343.20 to 350.00 0.35% 1.21 times
24 Tue Sep 2024 346.25 343.20 to 352.10 -0.72% 1.28 times
23 Mon Sep 2024 348.75 344.00 to 351.45 -0.54% 0.8 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 stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 332 as stoploss in an intra day buy trade for a target of 340.81. However, stock will show a bearish move below 332.

More indepth analysis on MunafaSutra.com