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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 2024-03-22 View latest technical analysis

10 day averaged volume of Sutlej Textiles is 215811

Date	Daily Closing Price	Open	High	Low	Volume
22 Fri Mar 2024	53.25	52.65	54.65	52.60	0.721 times
21 Thu Mar 2024	52.65	51.55	53.55	51.55	0.678 times
20 Wed Mar 2024	51.25	52.50	53.50	51.05	0.647 times
19 Tue Mar 2024	52.10	53.60	53.90	51.80	0.651 times
18 Mon Mar 2024	53.15	52.60	54.80	52.60	0.73 times
15 Fri Mar 2024	52.95	53.00	54.25	51.60	1.083 times
14 Thu Mar 2024	53.30	51.00	54.40	50.45	1.462 times
13 Wed Mar 2024	51.10	56.85	57.75	50.25	2.144 times
12 Tue Mar 2024	56.75	59.50	60.35	56.15	1.243 times
11 Mon Mar 2024	59.70	61.95	62.60	59.20	0.83 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 53.2 as stoploss in an intra day buy trade for a target of 59.24. However, stock will show a bearish move below 53.2.

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	67.95
Upside Target	68.30
Upside Target	69.70
Upside Target	70.00
Upside Target	73.45

Intraday share price targets for Sutlej Textiles (SUTLEJTEX)

Target Type	Value
Downside Intraday Target	51.27
Downside Intraday Target	49.28
Upside Intraday Target	55.02
Upside Intraday Target	56.78
Downside Intraday Target	53.03

Weekly technical analysis of Sutlej Textiles (SUTLEJTEX)

Date	Weekly Closing Price	Open	High	Low	Volume
22 Fri Mar 2024	53.25	52.60	54.80	51.05	0.507 times
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

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 Sutlej Textiles (SUTLEJTEX)

Date	Monthly Closing Price	Open	High	Low	Volume
22 Fri Mar 2024	53.25	65.45	67.95	50.25	0.229 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 positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

Price action analysis of Sutlej Textiles ( (SUTLEJTEX) ) based on a short 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 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 losing momentum.

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

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

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 moving up

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 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 53.48 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.