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(SUTLEJTEX) Sutlej Textiles complete technical analysis [charts+indicators] | Buy/Sell Sutlej Textiles | (SUTLEJTEX) share price targets

Complete technical analysis of Sutlej Textiles (SUTLEJTEX) by charts plus indicators, forecast predictions and share price targets for Sutlej Textiles (SUTLEJTEX)

Sutlej Textiles trades in NSE in Textiles sector.

Showing technical analysis as on 2024-03-06 View latest technical analysis

10 day averaged volume of Sutlej Textiles is 283304

Date	Daily Closing Price	Open	High	Low	Volume
06 Wed Mar 2024	61.65	65.20	65.20	60.40	1.152 times
05 Tue Mar 2024	64.60	64.05	66.40	63.15	0.877 times
04 Mon Mar 2024	64.50	65.45	66.75	64.30	0.498 times
02 Sat Mar 2024	66.10	66.85	67.95	65.55	0.099 times
01 Fri Mar 2024	66.15	65.45	67.00	65.10	0.965 times
29 Thu Feb 2024	65.20	63.70	65.70	63.10	1.037 times
28 Wed Feb 2024	64.40	67.05	67.40	63.10	1.431 times
27 Tue Feb 2024	66.65	67.85	68.95	66.05	0.934 times
26 Mon Feb 2024	67.25	69.40	69.70	66.75	1.132 times
23 Fri Feb 2024	68.90	68.95	70.90	68.50	1.683 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 61.1 as stoploss in an intra day buy trade for a target of 65.1. However, stock will show a bearish move below 61.1.

Share price targets for Sutlej Textiles (SUTLEJTEX)

Target Type	Value
Downside Target	52.80
Downside Target	54.15
Downside Target	57.30
Downside Target	60.40
Upside Target	63.10
Upside Target	65.80
Upside Target	68.30
Upside Target	69.30
Upside Target	69.70
Upside Target	69.90
Upside Target	70.00
Upside Target	73.45

Intraday share price targets for Sutlej Textiles (SUTLEJTEX)

Target Type	Value
Downside Intraday Target	59.12
Downside Intraday Target	56.58
Upside Intraday Target	65.47
Upside Intraday Target	69.28
Upside Intraday Target	62.93

Weekly technical analysis of Sutlej Textiles (SUTLEJTEX)

Date	Weekly Closing Price	Open	High	Low	Volume
06 Wed Mar 2024	61.65	65.45	66.75	60.40	0.451 times
02 Sat Mar 2024	66.10	69.40	69.70	63.10	0.29 times
23 Fri Feb 2024	68.90	69.40	73.45	67.60	1.275 times
16 Fri Feb 2024	68.45	59.50	69.90	54.15	1.522 times
09 Fri Feb 2024	59.05	66.00	69.30	58.15	0.893 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 Sutlej Textiles (SUTLEJTEX)

Date	Monthly Closing Price	Open	High	Low	Volume
06 Wed Mar 2024	61.65	65.45	67.95	60.40	0.07 times
29 Thu Feb 2024	65.20	66.45	73.45	54.15	1.442 times
31 Wed Jan 2024	65.70	58.00	68.30	57.70	0.859 times
29 Fri Dec 2023	58.15	65.00	70.00	57.30	0.995 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 Sutlej Textiles (SUTLEJTEX)

Price action analysis of Sutlej Textiles ( (SUTLEJTEX) ) based on a short 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 Sutlej Textiles ( (SUTLEJTEX) ) 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 Sutlej Textiles ( (SUTLEJTEX) ) based on a short to mid term time period is neutral. A longer time frame might give a better analysis.

Price action analysis of Sutlej Textiles ( (SUTLEJTEX) ) 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 Sutlej Textiles stock for short term is SELL. Signal strength is Strong and stock is gaining momentum.

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

Sutlej Textiles 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 Sutlej Textiles 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

Stock of Sutlej Textiles is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 65.69 and Sutlej Textiles (SUTLEJTEX) 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 Sutlej Textiles (SUTLEJTEX) stock. Volume based technical analysis of Sutlej Textiles (SUTLEJTEX) stock is negative.

Sutlej Textiles 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.