Stock analysis Sudarshan Chemical Industries Limited SUDARSCHEM

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Moving Averages for Sudarshan Chemical Industries Limited

5Day Average: 689.29
12Day Average: 662.52
20Day Average: 656.82
50Day Average: 608.97
100Day Average: 563.7
150Day Average: 533.82
200Day Average: 525.59

SUDARSCHEM Indicators & signals

Indicator MACD (12,26,9)

672.93, 646.05, 20.23
Indicator MACD is in positive zone

Indicator ADX (14)

47.91, 32.75, 11.53
Indicator ADX is indicating that momentum is weak.
Indicator ADX is showing that momentum is towards buying

Indicator RSI (14)

Current RSI is: 64
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of SUDARSCHEM Sudarshan Chemical Industries Limited are as follows: Daily volume is divided by 10 day averaged volume

Date	Close	Range	Change %	Volume
25 Thu Apr 2024	728.35	710.60 to 747.70	-1.79%	0.68 times
24 Wed Apr 2024	741.60	716.25 to 766.50	3.42%	3.61 times
23 Tue Apr 2024	717.05	630.95 to 748.65	13.87%	5.11 times
22 Mon Apr 2024	629.70	625.00 to 640.00	-0.01%	0.07 times
19 Fri Apr 2024	629.75	608.00 to 637.00	1.24%	0.24 times
18 Thu Apr 2024	622.05	615.30 to 642.00	-1.73%	0.12 times
16 Tue Apr 2024	633.00	620.65 to 644.40	1.75%	0.15 times
15 Mon Apr 2024	622.10	615.10 to 668.80	-4.11%	0.23 times
12 Fri Apr 2024	648.75	645.10 to 670.80	-1.77%	0.17 times
10 Wed Apr 2024	660.45	650.50 to 671.10	0.83%	0.16 times
09 Tue Apr 2024	655.00	652.00 to 681.45	-1.12%	0.13 times
08 Mon Apr 2024	662.45	654.45 to 678.45	-2.11%	0.15 times

Technical analysis forecast of Sudarshan Chemical Industries 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 Sudarshan Chemical Industries Limited SUDARSCHEM at this time. Stock is rising and might rise more.

It appears as if Sudarshan Chemical Industries Limited SUDARSCHEM gave a large move recently.

Stock of Sudarshan Chemical Industries Limited (SUDARSCHEM) is trading above an important moving average line, but it crossed this line recently, which means that it could show a small or a large fall soon enough depending on its trend.

Although my analysis for Sudarshan Chemical Industries Limited is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 738.7, for a target of 693.6 or 656.07

More indepth analysis on MunafaSutra.com