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Stock analysis Sundaram Multi Pap Limited SUNDARAM

More indepth analysis on MunafaSutra.com

Moving Averages for Sundaram Multi Pap Limited

  • 5Day Average: 3.33
  • 12Day Average: 3.12
  • 20Day Average: 2.88
  • 50Day Average: 2.44
  • 100Day Average: 2.36
  • 150Day Average: 2.37
  • 200Day Average: 2.47

SUNDARAM Indicators & signals

Indicator MACD (12,26,9)

3.14, 2.84, 0.24
Indicator MACD is in positive zone

Indicator ADX (14)

12.5, 36, 28
Indicator ADX is indicating that momentum is weak.
Indicator ADX is showing that momentum is towards buying

Indicator RSI (14)

Current RSI is: 60
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of SUNDARAM Sundaram Multi Pap Limited are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
21 Thu Sep 2023 3.45 3.35 to 3.70 0% 1.43 times
20 Wed Sep 2023 3.45 3.35 to 3.65 1.47% 1.06 times
18 Mon Sep 2023 3.40 3.25 to 3.55 6.25% 1.94 times
15 Fri Sep 2023 3.20 3.10 to 3.25 1.59% 0.69 times
14 Thu Sep 2023 3.15 3.10 to 3.20 1.61% 0.29 times
13 Wed Sep 2023 3.10 3.00 to 3.25 -1.59% 0.39 times
12 Tue Sep 2023 3.15 2.85 to 3.45 -3.08% 1.37 times
11 Mon Sep 2023 3.25 3.05 to 3.35 4.84% 0.95 times
08 Fri Sep 2023 3.10 3.00 to 3.20 5.08% 1.38 times
07 Thu Sep 2023 2.95 2.55 to 3.10 13.46% 1.71 times
06 Wed Sep 2023 2.60 2.55 to 2.75 -1.89% 0.22 times
05 Tue Sep 2023 2.65 2.60 to 2.75 1.92% 0.62 times

Technical analysis forecast of Sundaram Multi Pap 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 Sundaram Multi Pap Limited SUNDARAM at this time. Stock is rising and might rise more.

It appears as if Sundaram Multi Pap Limited SUNDARAM gave a large move recently.

Stock of Sundaram Multi Pap Limited (SUNDARAM) 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 Sundaram Multi Pap Limited is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if Sundaram Multi Pap Limited stays above 3.3, but if it comes below 3.3, then a intra day sell could be more profitable.
If you take a sell trade below 3.3, then use 3.3 as stoploss and 2.94 as target. However if you take a buy trade in Sundaram Multi Pap Limited, then use 3.3 as stoploss and 3.8 as target.

More indepth analysis on MunafaSutra.com