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(SUNDRMFAST) Sundram Fasteners complete technical analysis [charts+indicators] | Buy/Sell Sundram Fasteners | (SUNDRMFAST) share price targets

Complete technical analysis of Sundram Fasteners (SUNDRMFAST) by charts plus indicators, forecast predictions and share price targets for Sundram Fasteners (SUNDRMFAST)

Sundram Fasteners trades in NSE in Auto Parts & Equipment sector.

Showing technical analysis as on 2024-03-18 View latest technical analysis

10 day averaged volume of Sundram Fasteners is 128958

Date	Daily Closing Price	Open	High	Low	Volume
18 Mon Mar 2024	1022.05	1018.00	1072.00	1013.55	0.498 times
15 Fri Mar 2024	1017.85	1040.00	1059.45	1003.05	1.912 times
14 Thu Mar 2024	1033.25	1034.90	1048.00	1016.85	1.566 times
13 Wed Mar 2024	1027.80	1052.00	1054.40	1016.00	0.889 times
12 Tue Mar 2024	1060.70	1058.00	1072.00	1032.60	0.513 times
11 Mon Mar 2024	1062.10	1039.00	1067.30	1005.30	1.144 times
07 Thu Mar 2024	1037.95	1038.00	1055.00	1026.10	1.494 times
06 Wed Mar 2024	1037.20	1035.00	1045.75	1015.10	0.809 times
05 Tue Mar 2024	1033.40	1062.00	1068.20	1021.00	1.258 times
04 Mon Mar 2024	1062.65	1096.00	1098.35	1058.05	0.398 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 1036, but if it comes above 1036, then a intra day buy could be more profitable.
If you take a sell trade below 1036, then use 1036 as stoploss and 999 as target. However if you take a buy trade in stock , then use 1036 as stoploss and 1066.82 as target.

Share price targets for Sundram Fasteners (SUNDRMFAST)

Target Type	Value
Downside Target	1003.05
Upside Target	1122.00
Upside Target	1124.70
Upside Target	1205.90
Upside Target	1215.00
Upside Target	1216.00
Upside Target	1276.00
Upside Target	1286.50
Upside Target	1295.00
Upside Target	1309.80

Intraday share price targets for Sundram Fasteners (SUNDRMFAST)

Target Type	Value
Downside Intraday Target	999.73
Downside Intraday Target	977.42
Upside Intraday Target	1058.18
Upside Intraday Target	1094.32
Upside Intraday Target	1035.87

Weekly technical analysis of Sundram Fasteners (SUNDRMFAST)

Date	Weekly Closing Price	Open	High	Low	Volume
18 Mon Mar 2024	1022.05	1018.00	1072.00	1013.55	0.083 times
15 Fri Mar 2024	1017.85	1039.00	1072.00	1003.05	1.522 times
07 Thu Mar 2024	1037.95	1096.00	1098.35	1015.10	1.275 times
02 Sat Mar 2024	1093.30	1098.80	1124.70	1051.40	1.627 times
23 Fri Feb 2024	1099.50	1103.45	1122.00	1087.55	0.311 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 Sundram Fasteners (SUNDRMFAST)

Date	Monthly Closing Price	Open	High	Low	Volume
18 Mon Mar 2024	1022.05	1074.00	1103.65	1003.05	0.522 times
29 Thu Feb 2024	1070.50	1225.25	1286.50	1035.00	1.731 times
31 Wed Jan 2024	1219.15	1242.95	1295.00	1215.00	0.558 times
29 Fri Dec 2023	1248.90	1239.40	1276.00	1216.00	1.503 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 Sundram Fasteners (SUNDRMFAST)

Price action analysis of Sundram Fasteners ( (SUNDRMFAST) ) 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 Sundram Fasteners ( (SUNDRMFAST) ) 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 Sundram Fasteners ( (SUNDRMFAST) ) 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 Sundram Fasteners stock for short term is SELL. Signal strength is Strong and stock is losing momentum.

MACD generated a SELL signal for Sundram Fasteners 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.

Sundram Fasteners Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.

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 Sundram Fasteners 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 positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying might be slowing down

Stock of Sundram Fasteners is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 1036.05 and Sundram Fasteners (SUNDRMFAST) 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 Sundram Fasteners (SUNDRMFAST) stock. Volume based technical analysis of Sundram Fasteners (SUNDRMFAST) stock is negative.

Sundram Fasteners 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.