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Stock analysis Siyaram Silk Mills Limited SIYSIL

More indepth analysis on MunafaSutra.com

Moving Averages for Siyaram Silk Mills Limited

  • 5Day Average: 470.45
  • 12Day Average: 469.44
  • 20Day Average: 471.17
  • 50Day Average: 477.79
  • 100Day Average: 505.74
  • 150Day Average: 519.23
  • 200Day Average: 527.57

SIYSIL Indicators & signals

Indicator MACD (12,26,9)

469.41, 470.77, -2.01
Indicator MACD is in negative zone

Indicator ADX (14)

4.78, 18.95, 17.22
Indicator ADX is indicating that momentum is weak.
Indicator ADX is showing that momentum is towards buying

Indicator RSI (14)

Current RSI is: 55
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of SIYSIL Siyaram Silk Mills Limited are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
02 Thu May 2024 465.15 461.25 to 471.05 -0.48% 0.98 times
30 Tue Apr 2024 467.40 465.00 to 472.05 -0.22% 0.84 times
29 Mon Apr 2024 468.45 466.80 to 477.00 -1.04% 1.41 times
26 Fri Apr 2024 473.35 471.05 to 480.25 -0.95% 0.51 times
25 Thu Apr 2024 477.90 472.15 to 483.85 0.88% 1.27 times
24 Wed Apr 2024 473.75 469.80 to 480.40 0.61% 1.21 times
23 Tue Apr 2024 470.90 470.00 to 490.00 -0.58% 0.8 times
22 Mon Apr 2024 473.65 467.00 to 476.50 0.84% 0.69 times
19 Fri Apr 2024 469.70 458.85 to 474.15 2.03% 1.4 times
18 Thu Apr 2024 460.35 459.65 to 469.80 -1.42% 1.24 times
16 Tue Apr 2024 467.00 457.95 to 472.70 0.28% 0.63 times
15 Mon Apr 2024 465.70 455.70 to 468.25 -1.17% 0.67 times

Technical analysis forecast for Siyaram Silk Mills 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 Siyaram Silk Mills Limited SIYSIL at this time. Stock is falling and might fall more.

It appears as if Siyaram Silk Mills Limited SIYSIL gave a large move recently.

Stock of Siyaram Silk Mills Limited (SIYSIL) 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 Siyaram Silk Mills Limited is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 464.5 as stoploss in an intra day buy trade for a target of 469.64. However, stock will show a bearish move below 464.5.

More indepth analysis on MunafaSutra.com