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(SURYALAXMI) Suryalakshmi Cotton complete technical analysis [charts+indicators] | Buy/Sell Suryalakshmi Cotton | (SURYALAXMI) share price targets

Complete technical analysis of Suryalakshmi Cotton (SURYALAXMI) by charts plus indicators, forecast predictions and share price targets for Suryalakshmi Cotton (SURYALAXMI)

Suryalakshmi Cotton trades in NSE in Textiles sector.

Showing technical analysis as on 2024-05-27 View latest technical analysis

10 day averaged volume of Suryalakshmi Cotton is 14339

Date	Daily Closing Price	Open	High	Low	Volume
27 Mon May 2024	69.85	69.85	71.00	67.05	1.232 times
24 Fri May 2024	71.00	71.65	71.95	70.50	0.951 times
23 Thu May 2024	70.65	70.55	72.40	70.50	1.271 times
22 Wed May 2024	70.75	71.45	71.90	70.50	0.658 times
21 Tue May 2024	71.15	72.00	72.80	70.25	1.009 times
18 Sat May 2024	71.20	72.40	72.40	70.80	0.287 times
17 Fri May 2024	72.40	72.05	73.85	71.40	0.583 times
16 Thu May 2024	71.90	72.45	75.70	71.55	2.372 times
15 Wed May 2024	71.55	71.20	72.80	71.20	0.787 times
14 Tue May 2024	72.60	71.90	74.25	70.55	0.962 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 70.4, but if it comes above 70.4, then a intra day buy could be more profitable.
If you take a sell trade below 70.4, then use 70.4 as stoploss and 68.8 as target. However if you take a buy trade in stock , then use 70.4 as stoploss and 71.69 as target.

Share price targets for Suryalakshmi Cotton (SURYALAXMI)

Target Type	Value
Downside Target	63.00
Downside Target	66.00
Downside Target	69.00
Upside Target	72.80
Upside Target	74.50
Upside Target	75.70
Upside Target	76.20
Upside Target	78.95
Upside Target	79.90
Upside Target	86.50
Upside Target	88.30

Intraday share price targets for Suryalakshmi Cotton (SURYALAXMI)

Target Type	Value
Downside Intraday Target	67.6
Downside Intraday Target	65.35
Upside Intraday Target	71.55
Upside Intraday Target	73.25
Downside Intraday Target	69.3

Weekly technical analysis of Suryalakshmi Cotton (SURYALAXMI)

Date	Weekly Closing Price	Open	High	Low	Volume
27 Mon May 2024	69.85	69.85	71.00	67.05	0.317 times
24 Fri May 2024	71.00	72.00	72.80	70.25	0.636 times
18 Sat May 2024	71.20	69.30	75.70	69.00	1.481 times
10 Fri May 2024	70.55	73.15	74.50	69.30	0.367 times
03 Fri May 2024	72.95	72.00	78.95	70.50	2.098 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 Suryalakshmi Cotton (SURYALAXMI)

Date	Monthly Closing Price	Open	High	Low	Volume
27 Mon May 2024	69.85	75.30	76.20	67.05	0.427 times
30 Tue Apr 2024	75.35	67.40	78.95	63.65	1.517 times
28 Thu Mar 2024	65.35	76.05	79.90	63.00	0.36 times
29 Thu Feb 2024	76.70	83.50	88.30	66.00	0.8 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 Suryalakshmi Cotton (SURYALAXMI)

Price action analysis of Suryalakshmi Cotton ( (SURYALAXMI) ) 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 Suryalakshmi Cotton ( (SURYALAXMI) ) based on a short to mid 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 Suryalakshmi Cotton ( (SURYALAXMI) ) 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 Suryalakshmi Cotton stock for short term is SELL. Signal strength is Weak and stock is losing momentum.

MACD generated a SELL signal for Suryalakshmi Cotton in short term and the sell signal is strong.

Suryalakshmi Cotton 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 green color and prices are in or below the green cloud Prices appear to be coming down

CCI has generated a SELL signal for Suryalakshmi Cotton in short term and SELL 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 Suryalakshmi Cotton is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 71.31 and Suryalakshmi Cotton (SURYALAXMI) 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 Suryalakshmi Cotton (SURYALAXMI) stock. Volume based technical analysis of Suryalakshmi Cotton (SURYALAXMI) stock is negative.

Suryalakshmi Cotton 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.