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(SURYALAXMI) Suryalakshmi Cotton complete technical analysis [charts+indicators] | Buy/Sell Suryalakshmi Cotton | (SURYALAXMI) share price targets

Complete technical analysis of Suryalakshmi Cotton (SURYALAXMI) by charts plus indicators, forecast predictions and share price targets for Suryalakshmi Cotton (SURYALAXMI)

Suryalakshmi Cotton trades in NSE in Textiles sector.

Showing technical analysis as on 2024-04-08 View latest technical analysis

10 day averaged volume of Suryalakshmi Cotton is 40498

Date	Daily Closing Price	Open	High	Low	Volume
08 Mon Apr 2024	73.45	75.00	76.30	72.90	0.253 times
05 Fri Apr 2024	75.00	74.80	75.50	73.45	0.744 times
04 Thu Apr 2024	73.65	70.40	75.75	69.45	1.059 times
03 Wed Apr 2024	69.20	71.00	71.00	67.30	0.637 times
02 Tue Apr 2024	70.05	68.40	71.00	66.05	0.692 times
01 Mon Apr 2024	68.00	67.40	76.25	63.65	3.843 times
28 Thu Mar 2024	65.35	66.05	67.95	63.90	0.544 times
27 Wed Mar 2024	64.70	65.05	66.65	64.50	1.253 times
26 Tue Mar 2024	65.50	68.15	68.15	64.05	0.808 times
22 Fri Mar 2024	68.10	66.50	69.65	66.50	0.219 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 71.6, but if it comes below 71.6, then a intra day sell could be more profitable.
If you take a sell trade below 71.6, then use 71.6 as stoploss and 68.27 as target. However if you take a buy trade in stock , then use 71.6 as stoploss and 75.7 as target.

Share price targets for Suryalakshmi Cotton (SURYALAXMI)

Target Type	Value
Downside Target	63.00
Downside Target	68.15
Downside Target	69.65
Downside Target	72.90
Upside Target	74.40
Upside Target	76.25
Upside Target	76.30
Upside Target	79.90
Upside Target	86.50
Upside Target	88.30
Upside Target	89.50

Intraday share price targets for Suryalakshmi Cotton (SURYALAXMI)

Target Type	Value
Downside Intraday Target	72.13
Downside Intraday Target	70.82
Upside Intraday Target	75.53
Upside Intraday Target	77.62
Upside Intraday Target	74.22

Weekly technical analysis of Suryalakshmi Cotton (SURYALAXMI)

Date	Weekly Closing Price	Open	High	Low	Volume
08 Mon Apr 2024	73.45	75.00	76.30	72.90	0.036 times
05 Fri Apr 2024	75.00	67.40	76.25	63.65	2.678 times
28 Thu Mar 2024	65.35	68.15	68.15	63.90	1.281 times
22 Fri Mar 2024	68.10	64.75	69.65	64.75	0.702 times
15 Fri Mar 2024	64.75	72.45	74.40	63.00	1.733 times

Price has moved down 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 Suryalakshmi Cotton (SURYALAXMI)

Date	Monthly Closing Price	Open	High	Low	Volume
08 Mon Apr 2024	73.45	67.40	76.30	63.65	0.719 times
28 Thu Mar 2024	65.35	76.05	79.90	63.00	0.36 times
29 Thu Feb 2024	76.70	83.50	88.30	66.00	0.8 times
31 Wed Jan 2024	82.45	75.70	86.50	70.55	0.704 times

Scroll below to view daily charts

Price has moved up 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 Suryalakshmi Cotton (SURYALAXMI)

Price action analysis of Suryalakshmi Cotton ( (SURYALAXMI) ) based on a short 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.

Price action analysis of Suryalakshmi Cotton ( (SURYALAXMI) ) based on a short to mid 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.

Price action analysis of Suryalakshmi Cotton ( (SURYALAXMI) ) 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 Suryalakshmi Cotton stock for short term is BUY. Signal strength is Strong and stock is gaining momentum.

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

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

Suryalakshmi Cotton Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting stronger in this stock.

Ichimoku cloud is of red color and prices are in or above the red cloud Prices appear to be coming down

CCI has generated a SELL signal for Suryalakshmi Cotton in short term but SELL signal is weak.

RSI is generating a BUY signal in short term and the buying is gaining 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 Suryalakshmi Cotton is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 68.71 and Suryalakshmi Cotton (SURYALAXMI) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is rising upwards.

People seem to be coming out and selling the Suryalakshmi Cotton (SURYALAXMI) stock. Volume based technical analysis of Suryalakshmi Cotton (SURYALAXMI) stock is negative.

Suryalakshmi Cotton 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.