Stock analysis Saurashtra Cem. SAURASHCEM

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Moving Averages for Saurashtra Cem.

5Day Average: 112.5
12Day Average: 116.44
20Day Average: 113.32
50Day Average: 112.4
100Day Average: 116.8
150Day Average: 121.91
200Day Average: 120.62

SAURASHCEM Indicators & signals

Indicator MACD (12,26,9)

113.51, 113.26, 0.9
Indicator MACD is in positive zone

Indicator ADX (14)

11.91, 21.4, 27.19
Indicator ADX is indicating that momentum is weak.
Momentum is towards selling.

Indicator RSI (14)

Current RSI is: 55
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of SAURASHCEM Saurashtra Cem. are as follows: Daily volume is divided by 10 day averaged volume

Date	Close	Range	Change %	Volume
10 Fri Jan 2025	107.09	104.99 to 112.70	-4.72%	0.6 times
09 Thu Jan 2025	112.40	112.00 to 117.19	-2.13%	0.68 times
08 Wed Jan 2025	114.85	113.50 to 117.00	0.75%	0.29 times
07 Tue Jan 2025	114.00	112.40 to 116.38	-0.12%	0.38 times
06 Mon Jan 2025	114.14	113.50 to 120.37	-3.55%	0.41 times
03 Fri Jan 2025	118.34	117.40 to 119.59	-0.27%	0.18 times
02 Thu Jan 2025	118.66	117.33 to 123.40	0.47%	0.53 times
01 Wed Jan 2025	118.10	117.06 to 119.43	-0.13%	0.18 times
31 Tue Dec 2024	118.25	115.36 to 121.87	2.51%	1.67 times
30 Mon Dec 2024	115.36	113.43 to 122.50	-4.47%	0.78 times
27 Fri Dec 2024	120.76	118.75 to 129.20	-3.62%	4.91 times
26 Thu Dec 2024	125.29	104.51 to 125.97	19.35%	10.32 times

Technical analysis forecast for Saurashtra Cem. Stock is that its in a downtrend for shortterm, and I will avoid taking a BUY or a LONG trade in this stock. Look for opportunities to sell or SHORT Saurashtra Cem. SAURASHCEM at this time. Stock is falling and might fall more.

It appears as if Saurashtra Cem. SAURASHCEM gave a large move recently.

Stock of Saurashtra Cem. (SAURASHCEM) is trading below an important moving average line, but it crossed this line recently, which means that it could show a small or a large recovery soon enough depending on its trend.

My analysis of Saurashtra Cem. is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if Saurashtra Cem. stays below 107.8, but if it comes above 107.8, then a intra day buy could be more profitable.
If you take a sell trade below 107.8, then use 107.8 as stoploss and 101.1 as target. However if you take a buy trade in Saurashtra Cem., then use 107.8 as stoploss and 113.4 as target.

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