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

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

Showing technical analysis as on 2024-01-17 View latest technical analysis

10 day averaged volume of Sel Manufacturing is 17363

Date	Daily Closing Price	Open	High	Low	Volume
17 Wed Jan 2024	93.45	93.45	93.45	93.45	0.906 times
16 Tue Jan 2024	91.65	91.65	91.65	91.50	1.918 times
15 Mon Jan 2024	89.90	89.90	89.90	89.90	0.352 times
12 Fri Jan 2024	88.15	88.15	88.15	88.15	0.591 times
11 Thu Jan 2024	86.45	86.45	86.45	84.80	2.46 times
10 Wed Jan 2024	84.80	81.50	84.80	81.50	0.681 times
09 Tue Jan 2024	83.15	83.15	83.15	83.15	0.676 times
08 Mon Jan 2024	84.85	84.85	84.85	84.85	0.851 times
05 Fri Jan 2024	86.55	87.65	87.65	84.25	2.087 times
04 Thu Jan 2024	85.95	85.95	85.95	85.95	0.201 times

Although my analysis for stock is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 95.2, for a target of 88.5 or 82.91

Share price targets for Sel Manufacturing (SELMC_BE)

Target Type	Value
Downside Target	72.50
Downside Target	73.95
Downside Target	79.50
Downside Target	86.50
Downside Target	89.90
Downside Target	93.45
Upside Target	99.00
Upside Target	102.45
Upside Target	116.70
Upside Target	120.95
Upside Target	128.40

Intraday share price targets for Sel Manufacturing (SELMC_BE)

Target Type	Value
Downside Intraday Target	91.08
Downside Intraday Target	88.72
Upside Intraday Target	94.63
Upside Intraday Target	95.82
Downside Intraday Target	92.27

Weekly technical analysis of Sel Manufacturing (SELMC_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
17 Wed Jan 2024	93.45	89.90	93.45	89.90	0.604 times
12 Fri Jan 2024	88.15	84.85	88.15	81.50	1.863 times
05 Fri Jan 2024	86.55	81.05	87.65	81.05	0.476 times
29 Fri Dec 2023	79.50	73.00	79.50	72.50	1.202 times
22 Fri Dec 2023	73.95	81.95	81.95	73.95	0.662 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_BE)

Date	Monthly Closing Price	Open	High	Low	Volume
17 Wed Jan 2024	93.45	81.05	93.45	81.05	0.459 times
29 Fri Dec 2023	79.50	85.65	87.45	72.50	1.75 times
30 Thu Nov 2023	87.40	101.85	102.45	86.50	1.452 times
31 Tue Oct 2023	101.80	120.90	120.95	99.00	0.925 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_BE)

Price action analysis of Sel Manufacturing ( (SELMC_BE) ) based on a short 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 Sel Manufacturing ( (SELMC_BE) ) 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 Sel Manufacturing ( (SELMC_BE) ) 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 BUY. Signal strength is Strong and stock is gaining momentum.

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

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 HIGHS, which reflects strong buying momentum in short term! Bulls are getting tired and bears are picking up momentum.

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

CCI has generated a buy signal for Sel Manufacturing in short term and BUY signal is strong.

RSI is generating a BUY signal in short term and the buying is gaining momentum.

MRSI is in negative zone. This is the SELL zone

Stock of Sel Manufacturing is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 87.75 and Sel Manufacturing (SELMC_BE) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is rising upwards.

People seem to be coming out and selling the Sel Manufacturing (SELMC_BE) stock. Volume based technical analysis of Sel Manufacturing (SELMC_BE) stock is negative.

Sel Manufacturing Stock is giving positive returns over a short term period. Returns for a longer term period have been positive

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