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Stock analysis Sterlite Technologies Ltd STLTECH

More indepth analysis on MunafaSutra.com

Moving Averages for Sterlite Technologies Ltd

  • 5Day Average: 121.08
  • 12Day Average: 122.81
  • 20Day Average: 125.07
  • 50Day Average: 130.66
  • 100Day Average: 133.82
  • 150Day Average: 131.69
  • 200Day Average: 133.94

STLTECH Indicators & signals

Indicator MACD (12,26,9)

122.79, 125.72, -2.75
Indicator MACD is in negative zone

Indicator ADX (14)

33.33, 11.06, 22.12
Indicator ADX is indicating that momentum is weak.
Momentum is towards selling.

Indicator RSI (14)

Current RSI is: 46
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of STLTECH Sterlite Technologies Ltd are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
14 Mon Oct 2024 121.41 119.00 to 121.99 0.62% 0.26 times
11 Fri Oct 2024 120.66 119.21 to 121.72 1.55% 0.29 times
10 Thu Oct 2024 118.82 118.10 to 125.30 -3.56% 1.13 times
09 Wed Oct 2024 123.20 121.40 to 124.88 1.57% 0.75 times
08 Tue Oct 2024 121.30 117.86 to 122.20 2.41% 0.32 times
07 Mon Oct 2024 118.45 117.54 to 125.69 -5.29% 0.46 times
04 Fri Oct 2024 125.06 122.56 to 126.70 0.36% 0.89 times
03 Thu Oct 2024 124.61 120.56 to 128.10 2.16% 3.16 times
01 Tue Oct 2024 121.97 121.12 to 127.38 -3.2% 2.13 times
30 Mon Sep 2024 126.00 124.21 to 126.75 -0.02% 0.27 times
27 Fri Sep 2024 126.02 125.50 to 128.50 -0.15% 0.6 times
26 Thu Sep 2024 126.21 126.00 to 128.43 -0.79% 0.2 times

Technical analysis forecast for Sterlite Technologies Ltd 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 Sterlite Technologies Ltd STLTECH at this time. Stock is falling and might fall more.

It appears as if Sterlite Technologies Ltd STLTECH gave a large move recently.

Stock of Sterlite Technologies Ltd (STLTECH) 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 Sterlite Technologies Ltd is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 121 as stoploss in an intra day buy trade for a target of 124.55. However, stock will show a bearish move below 121.

More indepth analysis on MunafaSutra.com