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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 2024-03-15 View latest technical analysis

10 day averaged volume of Sutlej Textiles is 235756

Date	Daily Closing Price	Open	High	Low	Volume
15 Fri Mar 2024	52.95	53.00	54.25	51.60	0.991 times
14 Thu Mar 2024	53.30	51.00	54.40	50.45	1.338 times
13 Wed Mar 2024	51.10	56.85	57.75	50.25	1.963 times
12 Tue Mar 2024	56.75	59.50	60.35	56.15	1.138 times
11 Mon Mar 2024	59.70	61.95	62.60	59.20	0.759 times
07 Thu Mar 2024	62.00	61.65	63.00	60.80	0.487 times
06 Wed Mar 2024	61.65	65.20	65.20	60.40	1.384 times
05 Tue Mar 2024	64.60	64.05	66.40	63.15	1.054 times
04 Mon Mar 2024	64.50	65.45	66.75	64.30	0.598 times
02 Sat Mar 2024	66.10	66.85	67.95	65.55	0.119 times

Although my analysis for stock is bearish for shortterm, but stock is in heavy over sold zones and there are high chances of some recovery tomorrow. You might want to buy the stock tomorrow in intra day with a stoploss of 50.8, for a target of 57.7 or 63.53

Share price targets for Sutlej Textiles (SUTLEJTEX)

Target Type	Value
Downside Target	50.25
Downside Target	52.80
Upside Target	54.15
Upside Target	57.30
Upside Target	60.40
Upside Target	62.60
Upside Target	65.80
Upside Target	68.30
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	47.93
Downside Intraday Target	42.92
Upside Intraday Target	60.28
Upside Intraday Target	67.62
Upside Intraday Target	55.27

Weekly technical analysis of Sutlej Textiles (SUTLEJTEX)

Date	Weekly Closing Price	Open	High	Low	Volume
15 Fri Mar 2024	52.95	61.95	62.60	50.25	1.757 times
07 Thu Mar 2024	62.00	65.45	66.75	60.40	0.524 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

Price has moved down this week, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Sutlej Textiles (SUTLEJTEX)

Date	Monthly Closing Price	Open	High	Low	Volume
15 Fri Mar 2024	52.95	65.45	67.95	50.25	0.178 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 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 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 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 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 and the sell signal is strong.

Sutlej Textiles 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 red color and prices are below the red cloud Prices appear to be coming down

CCI has generated a buy signal for Sutlej Textiles in short term but BUY signal is weak.

RSI is generating a SELL signal in short term but selling 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 Sutlej Textiles is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 57.37 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.