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(SPLPETRO) Supreme Petrochem complete technical analysis [charts+indicators] | Buy/Sell Supreme Petrochem | (SPLPETRO) share price targets

Complete technical analysis of Supreme Petrochem (SPLPETRO) by charts plus indicators, forecast predictions and share price targets for Supreme Petrochem (SPLPETRO)

Showing technical analysis as on 2024-03-21 View latest technical analysis

10 day averaged volume of Supreme Petrochem is 339755

Date	Daily Closing Price	Open	High	Low	Volume
21 Thu Mar 2024	613.90	597.05	618.00	597.00	0.166 times
20 Wed Mar 2024	597.20	600.00	605.65	589.55	0.254 times
19 Tue Mar 2024	599.20	614.00	619.35	595.40	0.172 times
18 Mon Mar 2024	614.45	630.95	644.85	607.05	0.24 times
15 Fri Mar 2024	604.10	630.00	663.00	589.85	5.831 times
14 Thu Mar 2024	628.55	594.70	640.00	586.50	0.499 times
13 Wed Mar 2024	597.75	642.35	659.70	593.40	0.835 times
12 Tue Mar 2024	652.90	662.70	685.25	650.05	0.501 times
11 Mon Mar 2024	660.45	672.40	673.95	631.20	0.573 times
07 Thu Mar 2024	674.50	684.45	702.25	664.00	0.435 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 618.9, but if it comes above 618.9, then a intra day buy could be more profitable.
If you take a sell trade below 618.9, then use 618.9 as stoploss and 549.7 as target. However if you take a buy trade in stock , then use 618.9 as stoploss and 676.55 as target.

Share price targets for Supreme Petrochem (SPLPETRO)

Target Type	Value
Downside Target	521.25
Downside Target	536.10
Downside Target	580.00
Downside Target	612.00
Upside Target	644.85
Upside Target	685.25
Upside Target	714.15
Upside Target	731.00
Upside Target	757.80
Upside Target	758.50
Upside Target	783.00

Intraday share price targets for Supreme Petrochem (SPLPETRO)

Target Type	Value
Downside Intraday Target	587.35
Downside Intraday Target	560.8
Upside Intraday Target	642.65
Upside Intraday Target	671.4
Upside Intraday Target	616.1

Weekly technical analysis of Supreme Petrochem (SPLPETRO)

Date	Weekly Closing Price	Open	High	Low	Volume
21 Thu Mar 2024	613.90	630.95	644.85	589.55	0.101 times
15 Fri Mar 2024	604.10	672.40	685.25	586.50	4.63 times
07 Thu Mar 2024	674.50	725.80	731.00	664.00	0.775 times
02 Sat Mar 2024	718.30	752.40	783.00	714.15	0.469 times
23 Fri Feb 2024	752.40	654.95	758.50	653.65	2.867 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 Supreme Petrochem (SPLPETRO)

Date	Monthly Closing Price	Open	High	Low	Volume
21 Thu Mar 2024	613.90	731.00	757.80	586.50	0.986 times
29 Thu Feb 2024	729.90	604.40	783.00	584.95	1.472 times
31 Wed Jan 2024	600.95	561.00	612.00	521.25	1.758 times
29 Fri Dec 2023	559.60	565.00	580.00	536.10	0.997 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 Supreme Petrochem (SPLPETRO)

Price action analysis of Supreme Petrochem ( (SPLPETRO) ) 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 Supreme Petrochem ( (SPLPETRO) ) 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 Supreme Petrochem ( (SPLPETRO) ) 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 Supreme Petrochem stock for short term is SELL. Signal strength is Strong and stock is losing momentum.

MACD generated a SELL signal for Supreme Petrochem in short term and the sell signal is strong.

Supreme Petrochem 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 green color and prices are in or below the green cloud Prices appear to be moving up

CCI has generated a buy signal for Supreme Petrochem in short term but BUY signal is weak.

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 Supreme Petrochem is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 614.17 and Supreme Petrochem (SPLPETRO) 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 Supreme Petrochem (SPLPETRO) stock. Volume based technical analysis of Supreme Petrochem (SPLPETRO) stock is negative.

Supreme Petrochem 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.