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(SPLPETRO) Supreme Petrochem complete technical analysis [charts+indicators] | Buy/Sell Supreme Petrochem | (SPLPETRO) share price targets

Complete technical analysis of Supreme Petrochem (SPLPETRO) by charts plus indicators, forecast predictions and share price targets for Supreme Petrochem (SPLPETRO)

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

10 day averaged volume of Supreme Petrochem is 69916

Date	Daily Closing Price	Open	High	Low	Volume
04 Thu Apr 2024	676.05	681.45	681.60	655.00	0.82 times
03 Wed Apr 2024	674.70	661.45	677.00	659.25	0.482 times
02 Tue Apr 2024	661.45	660.30	670.40	652.30	0.77 times
01 Mon Apr 2024	652.85	632.45	656.55	631.75	1.054 times
28 Thu Mar 2024	624.45	615.00	635.05	615.00	0.788 times
27 Wed Mar 2024	608.10	618.70	624.80	600.35	2.494 times
26 Tue Mar 2024	615.90	619.50	625.00	610.10	0.649 times
22 Fri Mar 2024	620.00	613.95	624.40	608.50	0.882 times
21 Thu Mar 2024	613.90	597.05	618.00	597.00	0.806 times
20 Wed Mar 2024	597.20	600.00	605.65	589.55	1.237 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 672.9, but if it comes below 672.9, then a intra day sell could be more profitable.
If you take a sell trade below 672.9, then use 672.9 as stoploss and 638.98 as target. However if you take a buy trade in stock , then use 672.9 as stoploss and 713.7 as target.

Share price targets for Supreme Petrochem (SPLPETRO)

Target Type	Value
Downside Target	521.25
Downside Target	536.10
Downside Target	580.00
Downside Target	631.75
Downside Target	644.85
Downside Target	664.00
Upside Target	681.60
Upside Target	685.25
Upside Target	731.00
Upside Target	757.80
Upside Target	783.00

Intraday share price targets for Supreme Petrochem (SPLPETRO)

Target Type	Value
Downside Intraday Target	644.67
Downside Intraday Target	613.28
Upside Intraday Target	694.52
Upside Intraday Target	712.98
Downside Intraday Target	663.13

Weekly technical analysis of Supreme Petrochem (SPLPETRO)

Date	Weekly Closing Price	Open	High	Low	Volume
04 Thu Apr 2024	676.05	632.45	681.60	631.75	0.795 times
28 Thu Mar 2024	624.45	619.50	635.05	600.35	0.797 times
22 Fri Mar 2024	620.00	630.95	644.85	589.55	0.123 times
15 Fri Mar 2024	604.10	672.40	685.25	586.50	4.63 times
07 Thu Mar 2024	674.50	725.80	731.00	664.00	0.775 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 Supreme Petrochem (SPLPETRO)

Date	Monthly Closing Price	Open	High	Low	Volume
04 Thu Apr 2024	676.05	632.45	681.60	631.75	0.052 times
28 Thu Mar 2024	624.45	731.00	757.80	586.50	1.072 times
29 Thu Feb 2024	729.90	604.40	783.00	584.95	1.472 times
31 Wed Jan 2024	600.95	561.00	612.00	521.25	1.758 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 Supreme Petrochem (SPLPETRO)

Price action analysis of Supreme Petrochem ( (SPLPETRO) ) 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 Supreme Petrochem ( (SPLPETRO) ) based on a short to mid term time period is positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

Price action analysis of Supreme Petrochem ( (SPLPETRO) ) 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 Supreme Petrochem stock for short term is BUY. Signal strength is Strong and stock is gaining momentum.

MACD generated a BUY signal for Supreme Petrochem 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.

Supreme Petrochem Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting stronger in this stock.

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 Supreme Petrochem in short term and BUY signal is strong.

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 Supreme Petrochem is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 627.7 and Supreme Petrochem (SPLPETRO) 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 Supreme Petrochem (SPLPETRO) stock. Volume based technical analysis of Supreme Petrochem (SPLPETRO) stock is negative.

Supreme Petrochem Stock is giving positive 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.