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(SANGHIIND) Sanghi Industries complete technical analysis [charts+indicators] | Buy/Sell Sanghi Industries | (SANGHIIND) share price targets

Complete technical analysis of Sanghi Industries (SANGHIIND) by charts plus indicators, forecast predictions and share price targets for Sanghi Industries (SANGHIIND)

Sanghi Industries trades in NSE in Cement & Cement Products sector.

Showing technical analysis as on 2024-01-22 View latest technical analysis

10 day averaged volume of Sanghi Industries is 3591144

Date	Daily Closing Price	Open	High	Low	Volume
22 Mon Jan 2024	120.35	121.25	121.45	120.00	1.31 times
19 Fri Jan 2024	120.50	121.50	123.40	120.30	1.764 times
18 Thu Jan 2024	120.45	122.20	124.00	120.25	4.038 times
17 Wed Jan 2024	133.60	133.60	137.80	133.60	0.644 times
16 Tue Jan 2024	148.40	153.60	154.75	146.00	0.436 times
15 Mon Jan 2024	151.85	145.00	156.00	143.90	1.009 times
12 Fri Jan 2024	142.90	130.50	142.90	129.60	1.039 times
11 Thu Jan 2024	129.95	130.00	131.00	129.15	0.324 times
10 Wed Jan 2024	129.95	127.95	131.80	126.00	0.415 times
09 Tue Jan 2024	127.35	132.90	133.05	126.00	0.186 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 122.3, but if it comes above 122.3, then a intra day buy could be more profitable.
If you take a sell trade below 122.3, then use 122.3 as stoploss and 112.5 as target. However if you take a buy trade in stock , then use 122.3 as stoploss and 130.37 as target.

Share price targets for Sanghi Industries (SANGHIIND)

Target Type	Value
Downside Target	68.60
Downside Target	93.05
Downside Target	97.65
Downside Target	112.45
Downside Target	116.70
Downside Target	120.00
Upside Target	125.00
Upside Target	131.50
Upside Target	135.00
Upside Target	140.00
Upside Target	142.90
Upside Target	156.00

Intraday share price targets for Sanghi Industries (SANGHIIND)

Target Type	Value
Downside Intraday Target	119.75
Downside Intraday Target	119.15
Upside Intraday Target	121.2
Upside Intraday Target	122.05
Upside Intraday Target	120.6

Weekly technical analysis of Sanghi Industries (SANGHIIND)

Date	Weekly Closing Price	Open	High	Low	Volume
22 Mon Jan 2024	120.35	121.25	121.45	120.00	0.166 times
19 Fri Jan 2024	120.50	145.00	156.00	120.25	3.742 times
12 Fri Jan 2024	142.90	129.70	142.90	126.00	2.627 times
05 Fri Jan 2024	129.70	127.00	135.00	125.45	1.737 times
29 Fri Dec 2023	126.90	131.30	131.50	125.00	0.623 times

Price has moved down this week, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming weeks.

Monthly technical analysis of Sanghi Industries (SANGHIIND)

Date	Monthly Closing Price	Open	High	Low	Volume
22 Mon Jan 2024	120.35	127.00	156.00	120.00	2.106 times
29 Fri Dec 2023	126.90	122.40	140.00	122.05	1.832 times
30 Thu Nov 2023	121.25	115.85	121.30	112.45	0.266 times
14 Mon Aug 2023	110.10	95.65	116.70	93.05	0.923 times

Scroll below to view daily charts

Price has moved down this month, and volume has increased substantially. This means that the move can continue in coming months.

Indicators analysis of Sanghi Industries (SANGHIIND)

Price action analysis of Sanghi Industries ( (SANGHIIND) ) based on a short term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Price action analysis of Sanghi Industries ( (SANGHIIND) ) based on a short term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

Price action analysis of Sanghi Industries ( (SANGHIIND) ) based on a short to mid term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of Sanghi Industries ( (SANGHIIND) ) based on a mid to longer term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

ADX buy sell signal for Sanghi Industries stock for short term is SELL. Signal strength is Weak and stock is gaining momentum.

MACD generated a SELL signal for Sanghi Industries in short term but the sell signal is initial and weak.

Sanghi Industries Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.

Ichimoku cloud is of green color and prices are in or below the green cloud Prices appear to be coming down

CCI has generated a SELL signal for Sanghi Industries in short term and SELL signal is strong!

RSI is generating a SELL signal in short term but selling is losing momentum.

MRSI is in negative zone. This is the SELL zone

Although the stock is in the SELL zone, but selling might be slowing down

Stock of Sanghi Industries is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 127.97 and Sanghi Industries (SANGHIIND) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down

People seem to be coming out and selling the Sanghi Industries (SANGHIIND) stock. Volume based technical analysis of Sanghi Industries (SANGHIIND) stock is negative.

Sanghi Industries Stock has given negative returns over a short term period. Returns for a longer term period have been negative.

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.