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(SANCO_BE) Sanco Industries complete technical analysis [charts+indicators] | Buy/Sell Sanco Industries | (SANCO_BE) share price targets

Complete technical analysis of Sanco Industries (SANCO_BE) by charts plus indicators, forecast predictions and share price targets for Sanco Industries (SANCO_BE)

10 day averaged volume of Sanco Industries is 8300

Date	Daily Closing Price	Open	High	Low	Volume
24 Fri Mar 2023	7.30	7.65	7.95	7.25	2.603 times
23 Thu Mar 2023	7.60	7.50	7.85	7.15	1.292 times
22 Wed Mar 2023	7.50	7.65	8.00	7.30	0.698 times
21 Tue Mar 2023	7.65	7.60	7.90	7.55	0.415 times
20 Mon Mar 2023	7.75	7.95	7.95	7.75	2.724 times
17 Fri Mar 2023	8.15	7.60	8.30	7.60	0.792 times
16 Thu Mar 2023	7.95	8.15	8.40	7.95	0.988 times
15 Wed Mar 2023	8.35	8.00	8.40	7.60	1.025 times
14 Tue Mar 2023	8.00	8.25	8.25	8.00	0.812 times
13 Mon Mar 2023	8.40	8.65	8.95	8.40	0.684 times

Stock of Sanco Industries (SANCO_BE) has showed a significant fall. This could be a good time to exit from this stock.

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 7.6, but if it comes above 7.6, then a intra day buy could be more profitable.
If you take a sell trade below 7.6, then use 7.6 as stoploss and 7.1 as target. However if you take a buy trade in stock , then use 7.6 as stoploss and 7.99 as target.

Share price targets for Sanco Industries (SANCO_BE)

Target Type	Value
Downside Target	7.15
Upside Target	7.60
Upside Target	8.00
Upside Target	8.20
Upside Target	8.65
Upside Target	8.95
Upside Target	9.30
Upside Target	10.05
Upside Target	10.35
Upside Target	10.55
Upside Target	10.65
Upside Target	12.25

Intraday share price targets for Sanco Industries (SANCO_BE)

Target Type	Value
Downside Intraday Target	6.97
Downside Intraday Target	6.63
Upside Intraday Target	7.82
Upside Intraday Target	8.33
Upside Intraday Target	7.48

Weekly technical analysis of Sanco Industries (SANCO_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
24 Fri Mar 2023	7.30	7.95	8.00	7.15	1.798 times
17 Fri Mar 2023	8.15	8.65	8.95	7.60	1.188 times
10 Fri Mar 2023	8.80	7.60	9.30	7.60	0.839 times
03 Fri Mar 2023	8.00	7.80	8.20	7.30	0.435 times
24 Fri Feb 2023	7.80	8.30	8.70	7.25	2.099 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 Sanco Industries (SANCO_BE)

Date	Monthly Closing Price	Open	High	Low	Volume
24 Fri Mar 2023	7.30	7.75	9.30	7.15	0.27 times
28 Tue Feb 2023	7.60	8.25	10.35	7.25	16.061 times
30 Mon Jan 2023	8.65	10.05	10.05	8.65	0.141 times
26 Mon Dec 2022	10.55	11.15	12.25	10.55	0.594 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 Sanco Industries (SANCO_BE)

Price action analysis of Sanco Industries ( (SANCO_BE) ) 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 Sanco Industries ( (SANCO_BE) ) 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 Sanco Industries ( (SANCO_BE) ) based on a mid to longer term time period is neutral. A longer time frame might give a better analysis.

ADX buy sell signal for Sanco Industries stock for short term is SELL. Signal strength is Strong and stock is losing momentum.

MACD generated a SELL signal for Sanco Industries in short term and the sell signal is strong.

Sanco Industries 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 SELL signal for Sanco Industries 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 positive zone. This is a BUY zone

Stock of Sanco Industries is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 7.77 and Sanco Industries (SANCO_BE) 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 Sanco Industries (SANCO_BE) stock. Volume based technical analysis of Sanco Industries (SANCO_BE) stock is negative.

Sanco Industries 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.