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Stock analysis Supreme Petrochem Limited SPLPETRO

More indepth analysis on MunafaSutra.com

Moving Averages for Supreme Petrochem Limited

  • 5Day Average: 738.4
  • 12Day Average: 708.1
  • 20Day Average: 693.59
  • 50Day Average: 681.08
  • 100Day Average: 665.99
  • 150Day Average: 629.73
  • 200Day Average: 602.35

SPLPETRO Indicators & signals

Indicator MACD (12,26,9)

718.14, 700.39, 10.26
Indicator MACD is in positive zone

Indicator ADX (14)

39.15, 26.86, 11.75
Indicator ADX is indicating that momentum is weak.
Indicator ADX is showing that momentum is towards buying

Indicator RSI (14)

Current RSI is: 62
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of SPLPETRO Supreme Petrochem Limited are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
19 Wed Jun 2024 760.00 718.90 to 762.95 4.56% 2.35 times
18 Tue Jun 2024 726.85 724.10 to 736.90 -1.54% 0.62 times
14 Fri Jun 2024 738.25 725.60 to 744.00 0.34% 0.73 times
13 Thu Jun 2024 735.75 730.45 to 741.35 0.63% 0.4 times
12 Wed Jun 2024 731.15 727.05 to 754.90 -2.07% 1.1 times
11 Tue Jun 2024 746.60 684.20 to 754.90 5.95% 3.12 times
10 Mon Jun 2024 704.70 680.00 to 715.00 -0.01% 0.68 times
07 Fri Jun 2024 704.80 680.25 to 714.85 2.03% 0.97 times
06 Thu Jun 2024 690.75 651.55 to 695.45 6.02% 0.73 times
05 Wed Jun 2024 651.50 632.80 to 656.30 0.77% 0.21 times
04 Tue Jun 2024 646.50 623.85 to 661.55 -2.09% 1.44 times
03 Mon Jun 2024 660.30 652.10 to 670.85 1.55% 0.52 times

Technical analysis forecast of Supreme Petrochem Limited Stock is that its in a uptrend for shortterm, and I will avoid taking a SHORT or SELL trade in this stock. Look for opportunities to BUY or go LONG in Supreme Petrochem Limited SPLPETRO at this time. Stock is rising and might rise more.

It appears as if Supreme Petrochem Limited SPLPETRO gave a large move recently.

Stock of Supreme Petrochem Limited (SPLPETRO) is trading above an important moving average line, and it has been above this line for quite some time now. This is a good sign, and the stock might keep rising and move higher!

My analysis of Supreme Petrochem Limited is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if Supreme Petrochem Limited stays above 741.1, but if it comes below 741.1, then a intra day sell could be more profitable.
If you take a sell trade below 741.1, then use 741.1 as stoploss and 706.08 as target. However if you take a buy trade in Supreme Petrochem Limited, then use 741.1 as stoploss and 783.2 as target.

More indepth analysis on MunafaSutra.com