Stock analysis Sunflag Iron And Steel Company Limited SUNFLAG

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Moving Averages for Sunflag Iron And Steel Company Limited

5Day Average: 201.29
12Day Average: 208.59
20Day Average: 213.84
50Day Average: 217.88
100Day Average: 226.84
150Day Average: 221.14
200Day Average: 218.34

SUNFLAG Indicators & signals

Indicator MACD (12,26,9)

207.67, 213.55, -4.34
Indicator MACD is in negative zone

Indicator ADX (14)

20.33, 16.48, 24.89
Indicator ADX is indicating that momentum is weak.
Momentum is towards selling.

Indicator RSI (14)

Current RSI is: 47
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of SUNFLAG Sunflag Iron And Steel Company Limited are as follows: Daily volume is divided by 10 day averaged volume

Date	Close	Range	Change %	Volume
30 Wed Oct 2024	205.08	202.30 to 208.34	0.81%	0.59 times
29 Tue Oct 2024	203.43	198.41 to 204.49	1.65%	0.54 times
28 Mon Oct 2024	200.12	195.72 to 205.55	0.82%	0.81 times
25 Fri Oct 2024	198.50	194.00 to 202.00	-0.41%	1.15 times
24 Thu Oct 2024	199.31	197.00 to 204.00	-1.33%	0.69 times
23 Wed Oct 2024	202.00	198.61 to 206.39	0.07%	1.21 times
22 Tue Oct 2024	201.86	199.00 to 213.00	-5.12%	2.38 times
21 Mon Oct 2024	212.75	211.00 to 220.70	-2.7%	0.84 times
18 Fri Oct 2024	218.65	209.10 to 220.80	1.75%	1.04 times
17 Thu Oct 2024	214.88	213.55 to 223.25	-3.49%	0.88 times
16 Wed Oct 2024	222.66	221.20 to 225.10	-0.5%	0.45 times
15 Tue Oct 2024	223.78	223.00 to 226.90	-1.57%	0.78 times

Technical analysis forecast for Sunflag Iron And Steel Company 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 Sunflag Iron And Steel Company Limited SUNFLAG at this time. Stock is falling and might fall more.

It appears as if Sunflag Iron And Steel Company Limited SUNFLAG gave a large move recently.

Stock of Sunflag Iron And Steel Company Limited (SUNFLAG) 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 Sunflag Iron And Steel Company Limited is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 201.4 as stoploss in an intra day buy trade for a target of 211.61. However, stock will show a bearish move below 201.4.

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