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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: 77.06
  • 12Day Average: 79.91
  • 20Day Average: 80.58
  • 50Day Average: 85.06
  • 100Day Average: 87.8
  • 150Day Average: 82.75
  • 200Day Average: 80.27

SURYALAXMI Indicators & signals

Indicator MACD (12,26,9)

79.37, 81.58, -2.02
Indicator MACD is in negative zone

Indicator ADX (14)

10.95, 13.17, 16.41
Indicator ADX is indicating that momentum is weak.
Momentum is towards selling.

Indicator RSI (14)

Current RSI is: 50
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
22 Fri Nov 2024 77.53 77.05 to 82.40 -3.11% 0.57 times
21 Thu Nov 2024 80.02 73.59 to 81.40 4.14% 2.76 times
19 Tue Nov 2024 76.84 75.36 to 78.78 3.14% 0.67 times
18 Mon Nov 2024 74.50 73.75 to 78.40 -2.51% 0.85 times
14 Thu Nov 2024 76.42 75.65 to 79.97 -3.6% 1.45 times
13 Wed Nov 2024 79.27 78.01 to 84.65 -3.18% 0.93 times
12 Tue Nov 2024 81.87 80.00 to 83.39 1.11% 1.19 times
11 Mon Nov 2024 80.97 80.50 to 83.11 -1.7% 0.51 times
08 Fri Nov 2024 82.37 82.10 to 84.19 -0.27% 0.36 times
07 Thu Nov 2024 82.59 82.20 to 84.89 -0.9% 0.49 times
06 Wed Nov 2024 83.34 82.40 to 85.20 0.17% 0.8 times
05 Tue Nov 2024 83.20 82.00 to 83.99 0.75% 0.63 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, 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 Suryalakshmi Cotton Mills Limited is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if Suryalakshmi Cotton Mills Limited stays below 78.2, but if it comes above 78.2, then a intra day buy could be more profitable.
If you take a sell trade below 78.2, then use 78.2 as stoploss and 75.2 as target. However if you take a buy trade in Suryalakshmi Cotton Mills Limited, then use 78.2 as stoploss and 80.71 as target.

More indepth analysis on MunafaSutra.com