Stock analysis Sreeleathers Limited SREEL

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Moving Averages for Sreeleathers Limited

5Day Average: 249.54
12Day Average: 247.81
20Day Average: 251.08
50Day Average: 253.6
100Day Average: 261.18
150Day Average: 274.44
200Day Average: 278.29

SREEL Indicators & signals

Indicator MACD (12,26,9)

250.35, 251.76, -2.76
Indicator MACD is in negative zone

Indicator ADX (14)

33.74, 26.3, 13.03
Indicator ADX is indicating that momentum is weak.
Indicator ADX is showing that momentum is towards buying

Indicator RSI (14)

Current RSI is: 60
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of SREEL Sreeleathers Limited are as follows: Daily volume is divided by 10 day averaged volume

Date	Close	Range	Change %	Volume
29 Wed Jan 2025	262.90	258.05 to 270.00	0.98%	1.46 times
28 Tue Jan 2025	260.35	230.00 to 279.70	8.52%	7.57 times
27 Mon Jan 2025	239.90	235.00 to 245.45	-1.5%	0.31 times
24 Fri Jan 2025	243.55	241.15 to 247.10	1.06%	0.14 times
23 Thu Jan 2025	241.00	238.95 to 249.70	-0.54%	0.15 times
22 Wed Jan 2025	242.30	242.00 to 246.30	-1.26%	0.25 times
21 Tue Jan 2025	245.40	243.80 to 248.80	-0.08%	0.3 times
20 Mon Jan 2025	245.60	244.50 to 249.70	-0.65%	0.29 times
17 Fri Jan 2025	247.20	245.25 to 252.35	-0.96%	0.37 times
16 Thu Jan 2025	249.60	245.00 to 253.95	1.11%	0.26 times
15 Wed Jan 2025	246.85	242.80 to 254.45	-0.9%	0.36 times
14 Tue Jan 2025	249.10	245.05 to 251.60	2.83%	0.43 times

Technical analysis forecast of Sreeleathers Limited Stock is that its in a uptrend for shortterm, and I will avoid taking a SHORT or SELL trade in this stock. Look for opportunities to BUY or go LONG in Sreeleathers Limited SREEL at this time. Stock is rising and might rise more.

It appears as if Sreeleathers Limited SREEL gave a large move recently.

Stock of Sreeleathers Limited (SREEL) is trading above an important moving average line, but it crossed this line recently, which means that it could show a small or a large fall soon enough depending on its trend.

My analysis of Sreeleathers Limited is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if Sreeleathers Limited stays above 260, but if it comes below 260, then a intra day sell could be more profitable.
If you take a sell trade below 260, then use 260 as stoploss and 251.07 as target. However if you take a buy trade in Sreeleathers Limited, then use 260 as stoploss and 270.6 as target.

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