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(SPANDANA) Spandana Sphoorty complete technical analysis [charts+indicators] | Buy/Sell Spandana Sphoorty | (SPANDANA) share price targets

Complete technical analysis of Spandana Sphoorty (SPANDANA) by charts plus indicators, forecast predictions and share price targets for Spandana Sphoorty (SPANDANA)

Showing technical analysis as on 2024-05-03 View latest technical analysis

10 day averaged volume of Spandana Sphoorty is 196899

Date	Daily Closing Price	Open	High	Low	Volume
03 Fri May 2024	859.45	879.00	884.40	853.00	0.781 times
02 Thu May 2024	871.40	890.00	890.00	868.10	1.488 times
30 Tue Apr 2024	873.35	910.05	935.60	864.00	3.968 times
29 Mon Apr 2024	879.15	886.40	913.60	868.40	1.445 times
26 Fri Apr 2024	880.10	894.70	894.70	874.20	0.357 times
25 Thu Apr 2024	889.35	901.30	908.65	884.85	0.546 times
24 Wed Apr 2024	897.85	892.95	910.50	883.25	0.565 times
23 Tue Apr 2024	880.55	886.60	888.80	869.10	0.506 times
22 Mon Apr 2024	878.65	874.90	882.95	865.00	0.344 times
19 Fri Apr 2024	870.25	858.00	873.50	838.00	0.394 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 865.5, but if it comes above 865.5, then a intra day buy could be more profitable.
If you take a sell trade below 865.5, then use 865.5 as stoploss and 848.6 as target. However if you take a buy trade in stock , then use 865.5 as stoploss and 879.7 as target.

Share price targets for Spandana Sphoorty (SPANDANA)

Target Type	Value
Downside Target	786.35
Downside Target	838.00
Upside Target	910.50
Upside Target	912.45
Upside Target	914.00
Upside Target	935.60
Upside Target	961.00
Upside Target	1008.00
Upside Target	1069.00
Upside Target	1243.20

Intraday share price targets for Spandana Sphoorty (SPANDANA)

Target Type	Value
Downside Intraday Target	829.77
Downside Intraday Target	800.08
Upside Intraday Target	912.37
Upside Intraday Target	965.28
Upside Intraday Target	882.68

Weekly technical analysis of Spandana Sphoorty (SPANDANA)

Date	Weekly Closing Price	Open	High	Low	Volume
03 Fri May 2024	859.45	886.40	935.60	853.00	3.315 times
26 Fri Apr 2024	880.10	874.90	910.50	865.00	1.421 times
19 Fri Apr 2024	870.25	875.00	892.00	838.00	0.768 times
12 Fri Apr 2024	879.20	908.90	912.45	874.55	0.593 times
05 Fri Apr 2024	897.90	847.15	914.00	839.55	0.503 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 Spandana Sphoorty (SPANDANA)

Date	Monthly Closing Price	Open	High	Low	Volume
03 Fri May 2024	859.45	890.00	890.00	853.00	0.151 times
30 Tue Apr 2024	873.35	847.15	935.60	838.00	0.699 times
28 Thu Mar 2024	840.55	920.00	961.00	786.35	1.212 times
29 Thu Feb 2024	915.65	1069.00	1069.00	903.75	0.779 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 Spandana Sphoorty (SPANDANA)

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

Price action analysis of Spandana Sphoorty ( (SPANDANA) ) 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 Spandana Sphoorty stock for short term is BUY. Signal strength is Weak and stock is losing momentum.

MACD generated a BUY signal for Spandana Sphoorty in short term but the buy signal is initial and weak.

Spandana Sphoorty Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. 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 Spandana Sphoorty 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 Spandana Sphoorty is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 875.65 and Spandana Sphoorty (SPANDANA) 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 Spandana Sphoorty (SPANDANA) stock. Volume based technical analysis of Spandana Sphoorty (SPANDANA) stock is negative.

Spandana Sphoorty Stock is giving positive 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.