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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: 72.1
  • 12Day Average: 71.55
  • 20Day Average: 70.51
  • 50Day Average: 72.51
  • 100Day Average: 74.02
  • 150Day Average: 71.18
  • 200Day Average: 68.68

SURYALAXMI Indicators & signals

Indicator MACD (12,26,9)

71.58, 71.27, -0.17
Indicator MACD is in positive zone

Indicator ADX (14)

18.62, 22.22, 15.25
Indicator ADX is indicating that momentum is weak.
Indicator ADX is showing that momentum is towards buying

Indicator RSI (14)

Current RSI is: 56
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
25 Thu Apr 2024 73.00 72.30 to 74.10 -0.21% 0.5 times
24 Wed Apr 2024 73.15 71.15 to 73.95 -0.41% 1.27 times
23 Tue Apr 2024 73.45 70.35 to 74.70 3.38% 1.02 times
22 Mon Apr 2024 71.05 69.85 to 72.70 1.72% 0.69 times
19 Fri Apr 2024 69.85 68.05 to 70.75 -0.43% 0.84 times
18 Thu Apr 2024 70.15 69.75 to 71.20 -0.92% 0.56 times
16 Tue Apr 2024 70.80 69.35 to 71.55 1.22% 0.31 times
15 Mon Apr 2024 69.95 68.30 to 71.55 -2.91% 0.39 times
12 Fri Apr 2024 72.05 69.10 to 75.95 2.78% 2.33 times
10 Wed Apr 2024 70.10 67.05 to 73.05 -2.16% 1.93 times
09 Tue Apr 2024 71.65 70.30 to 75.40 -2.45% 0.66 times
08 Mon Apr 2024 73.45 72.90 to 76.30 -2.07% 0.55 times

Technical analysis forecast of Suryalakshmi Cotton Mills 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 Suryalakshmi Cotton Mills Limited SURYALAXMI at this time. Stock is rising and might rise more.

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

Stock of Suryalakshmi Cotton Mills Limited (SURYALAXMI) 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.

My analysis of Suryalakshmi Cotton Mills Limited is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 74 as stoploss in an intra day sell trade for a target of 71.22. However, stock will show a bullish move above 74.

More indepth analysis on MunafaSutra.com