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Stock analysis Suryalakshmi Cotton Mills Limited SURYALAXMI

More indepth analysis on MunafaSutra.com

Moving Averages for Suryalakshmi Cotton Mills Limited

  • 5Day Average: 83.27
  • 12Day Average: 84.84
  • 20Day Average: 84.44
  • 50Day Average: 75.98
  • 100Day Average: 73.53
  • 150Day Average: 74.66
  • 200Day Average: 72.65

SURYALAXMI Indicators & signals

Indicator MACD (12,26,9)

83.73, 81.56, 3.12
Indicator MACD is in positive zone

Indicator ADX (14)

9.52, 20.32, 16.78
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 SURYALAXMI Suryalakshmi Cotton Mills Limited are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
23 Tue Jul 2024 81.80 80.10 to 86.69 0% 0.34 times
23 Tue Jul 2024 81.80 80.10 to 86.69 -2.71% 0.34 times
22 Mon Jul 2024 84.08 82.61 to 86.57 3.42% 0.33 times
19 Fri Jul 2024 81.30 80.20 to 87.48 -6.97% 0.69 times
18 Thu Jul 2024 87.39 86.11 to 92.40 -2.75% 0.91 times
16 Tue Jul 2024 89.86 83.34 to 94.00 8.23% 4.98 times
15 Mon Jul 2024 83.03 81.25 to 86.90 -2.43% 0.56 times
12 Fri Jul 2024 85.10 85.01 to 88.89 -2.01% 0.24 times
11 Thu Jul 2024 86.85 85.41 to 90.77 1.45% 0.63 times
10 Wed Jul 2024 85.61 85.10 to 90.30 -0.17% 0.79 times
09 Tue Jul 2024 85.76 84.80 to 89.00 0.27% 0.53 times
08 Mon Jul 2024 85.53 84.55 to 89.28 -1.43% 0.74 times

Technical analysis forecast for Suryalakshmi Cotton Mills 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 Suryalakshmi Cotton Mills Limited SURYALAXMI at this time. Stock is falling and might fall more.

It appears as if Suryalakshmi Cotton Mills Limited SURYALAXMI gave a large move recently.

Stock of Suryalakshmi Cotton Mills Limited (SURYALAXMI) is trading below an important moving average line, but it crossed this line recently, which means that it could show a small or a large recovery soon enough depending on its trend.

My analysis of Suryalakshmi Cotton Mills Limited is bearish for shortterm, and stock might move down till 78.5 or till 73.5. Use a stoploss of 82.61 and if the stock hits stoploss, then it can shoot up till 86.73

More indepth analysis on MunafaSutra.com