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(SELMC) Sel Manufacturing complete technical analysis [charts+indicators] | Buy/Sell Sel Manufacturing | (SELMC) share price targets

Complete technical analysis of Sel Manufacturing (SELMC) by charts plus indicators, forecast predictions and share price targets for Sel Manufacturing (SELMC)

Showing technical analysis as on 2024-04-02 View latest technical analysis

10 day averaged volume of Sel Manufacturing is 8390

Date	Daily Closing Price	Open	High	Low	Volume
02 Tue Apr 2024	71.40	71.40	71.40	71.40	0.116 times
01 Mon Apr 2024	70.00	70.00	70.00	68.65	0.214 times
28 Thu Mar 2024	68.65	68.65	69.45	68.65	1.279 times
27 Wed Mar 2024	70.05	70.30	72.40	70.05	1.391 times
26 Tue Mar 2024	71.45	72.90	72.90	71.45	0.811 times
22 Fri Mar 2024	72.90	73.05	75.10	72.90	1.509 times
21 Thu Mar 2024	74.35	74.35	74.35	74.35	0.405 times
20 Wed Mar 2024	75.85	77.40	77.40	75.85	0.53 times
19 Tue Mar 2024	77.40	79.00	80.50	77.40	2.255 times
18 Mon Mar 2024	78.95	79.70	79.75	77.70	1.166 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 72, but if it comes above 72, then a intra day buy could be more profitable.
If you take a sell trade below 72, then use 72 as stoploss and 66.2 as target. However if you take a buy trade in stock , then use 72 as stoploss and 76.87 as target.

Share price targets for Sel Manufacturing (SELMC)

Target Type	Value
Downside Target	68.65
Downside Target	71.40
Upside Target	72.90
Upside Target	75.55
Upside Target	80.05
Upside Target	85.95
Upside Target	86.00
Upside Target	87.80
Upside Target	129.00
Upside Target	136.85
Upside Target	309.80
Upside Target	415.00

Intraday share price targets for Sel Manufacturing (SELMC)

Target Type	Value
Downside Intraday Target	69.57
Downside Intraday Target	67.73
Upside Intraday Target	72.32
Upside Intraday Target	73.23
Downside Intraday Target	70.48

Weekly technical analysis of Sel Manufacturing (SELMC)

Date	Weekly Closing Price	Open	High	Low	Volume
02 Tue Apr 2024	71.40	70.00	71.40	68.65	0.095 times
28 Thu Mar 2024	68.65	72.90	72.90	68.65	0.594 times
22 Fri Mar 2024	72.90	79.70	80.50	72.90	1.755 times
15 Fri Mar 2024	78.20	79.50	81.85	75.55	1.72 times
07 Thu Mar 2024	81.05	85.95	85.95	80.05	0.433 times

Price has moved up 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 Sel Manufacturing (SELMC)

Date	Monthly Closing Price	Open	High	Low	Volume
02 Tue Apr 2024	71.40	70.00	71.40	68.65	0.021 times
28 Thu Mar 2024	68.65	82.50	86.00	68.65	4.502 times
29 Thu Feb 2024	83.10	87.50	87.80	82.85	0.276 times
04 Tue Jul 2023	131.75	129.00	136.85	129.00	512.689 times

Scroll below to view daily charts

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

Indicators analysis of Sel Manufacturing (SELMC)

Price action analysis of Sel Manufacturing ( (SELMC) ) 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 Sel Manufacturing ( (SELMC) ) based on a short to mid 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 Sel Manufacturing ( (SELMC) ) based on a mid to longer 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.

ADX buy sell signal for Sel Manufacturing stock for short term is SELL. Signal strength is Strong and stock is losing momentum.

MACD generated a BUY signal for Sel Manufacturing in short term but the buy signal is initial and weak.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Sel Manufacturing Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls are picking up momentum!

Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be moving up

CCI has generated a buy signal for Sel Manufacturing in short term but BUY signal is weak.

RSI is generating a BUY signal in short term but buying 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 Sel Manufacturing is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 73.73 and Sel Manufacturing (SELMC) 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 Sel Manufacturing (SELMC) stock. Volume based technical analysis of Sel Manufacturing (SELMC) stock is negative.

Sel Manufacturing 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.