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(SGBMAY25_GB) Sgb2 50 complete technical analysis [charts+indicators] | Buy/Sell Sgb2 50 | (SGBMAY25_GB) share price targets

Complete technical analysis of Sgb2 50 (SGBMAY25_GB) by charts plus indicators, forecast predictions and share price targets for Sgb2 50 (SGBMAY25_GB)

Showing technical analysis as on 2024-06-19 View latest technical analysis

10 day averaged volume of Sgb2 50 is 69

Date	Daily Closing Price	Open	High	Low	Volume
19 Wed Jun 2024	7236.47	7288.00	7348.00	7220.00	4.478 times
18 Tue Jun 2024	7288.00	7287.10	7288.00	7287.10	0.275 times
14 Fri Jun 2024	7281.12	7299.00	7299.00	7273.00	0.768 times
13 Thu Jun 2024	7274.73	7213.00	7398.97	7212.10	1.623 times
12 Wed Jun 2024	7277.00	7210.01	7399.99	7210.01	0.232 times
11 Tue Jun 2024	7252.01	7240.10	7364.99	7240.10	1.754 times
10 Mon Jun 2024	7240.10	7419.03	7419.03	7240.10	0.855 times
07 Fri Jun 2024	7287.85	7524.90	7524.90	7285.05	0.58 times
06 Thu Jun 2024	7400.00	7380.00	7400.00	7380.00	0.072 times
05 Wed Jun 2024	7300.00	7280.00	7487.90	7230.11	0.348 times

Stock of Sgb2 50 (SGBMAY25_GB) has showed a significant fall. This could be a good time to exit from this stock.

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 7259.4, but if it comes above 7259.4, then a intra day buy could be more profitable.
If you take a sell trade below 7259.4, then use 7259.4 as stoploss and 7207.8 as target. However if you take a buy trade in stock , then use 7259.4 as stoploss and 7302.32 as target.

Share price targets for Sgb2 50 (SGBMAY25_GB)

Target Type	Value
Downside Target	6185.00
Downside Target	6683.00
Downside Target	7072.01
Upside Target	7348.00
Upside Target	7399.00
Upside Target	7419.03
Upside Target	7449.79
Upside Target	7475.00
Upside Target	7524.90

Intraday share price targets for Sgb2 50 (SGBMAY25_GB)

Target Type	Value
Downside Intraday Target	7188.31
Downside Intraday Target	7140.16
Upside Intraday Target	7316.31
Upside Intraday Target	7396.16
Upside Intraday Target	7268.16

Weekly technical analysis of Sgb2 50 (SGBMAY25_GB)

Date	Weekly Closing Price	Open	High	Low	Volume
19 Wed Jun 2024	7236.47	7287.10	7348.00	7220.00	0.909 times
14 Fri Jun 2024	7281.12	7419.03	7419.03	7210.01	0.603 times
07 Fri Jun 2024	7287.85	7270.00	7524.90	7227.00	5.931 times
31 Fri May 2024	7300.00	7299.00	7475.00	7233.01	0.205 times
23 Thu May 2024	7300.00	7280.00	7449.79	7250.01	1.542 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 Sgb2 50 (SGBMAY25_GB)

Date	Monthly Closing Price	Open	High	Low	Volume
19 Wed Jun 2024	7236.47	7270.00	7524.90	7210.01	1.028 times
31 Fri May 2024	7300.00	7287.99	7475.00	7072.01	0.381 times
30 Tue Apr 2024	7287.99	6700.00	7399.00	6700.00	2.386 times
28 Thu Mar 2024	6667.37	6230.00	6683.00	6200.00	0.68 times

Scroll below to view daily charts

Price has moved down 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 Sgb2 50 (SGBMAY25_GB)

Price action analysis of Sgb2 50 ( (SGBMAY25_GB) ) 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 Sgb2 50 ( (SGBMAY25_GB) ) based on a short to mid term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

Price action analysis of Sgb2 50 ( (SGBMAY25_GB) ) 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 Sgb2 50 stock for short term is BUY. Signal strength is Strong and stock is losing momentum.

MACD generated a SELL signal for Sgb2 50 in short term but the sell signal is initial and weak.

Sgb2 50 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 Sgb2 50 in short term and SELL signal is strong!

RSI is generating a SELL signal in short term and selling is picking up 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 Sgb2 50 is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 7255.96 and Sgb2 50 (SGBMAY25_GB) 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 Sgb2 50 (SGBMAY25_GB) stock. Volume based technical analysis of Sgb2 50 (SGBMAY25_GB) stock is negative.

Sgb2 50 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.