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523309 NEWS why is Shrigang Ind price falling or rising

523309 NEWS reasons for why stock price of Shrigang Ind is falling or rising

523309 Shrigang Ind is falling or rising technical reasons

Technical analysis forecast for Shrigang Ind 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 Shrigang Ind 523309 at this time. Stock is falling and might fall more.

It appears as if Shrigang Ind 523309 gave a large move recently.

Stock of Shrigang Ind (523309) is trading below an important moving average line, and it has been below this line for quite some time now. This is not a good sign, stock might keep falling and stock might move lower...

My analysis of Shrigang Ind is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if Shrigang Ind stays below 68.2, but if it comes above 68.2, then a intra day buy could be more profitable.
If you take a sell trade below 68.2, then use 68.2 as stoploss and 60.5 as target. However if you take a buy trade in Shrigang Ind, then use 68.2 as stoploss and 74.56 as target.

523309 Shrigang Ind is falling or rising NEWS fundamental reasons

More announcements and NEWS

523309 Shrigang Ind current price & indicator signals

Moving Averages for Shrigang Ind

  • 5Day Average: 70.46
  • 12Day Average: 71.97
  • 20Day Average: 75.89
  • 50Day Average: 80.69
  • 100Day Average: 77.49
  • 150Day Average: 76.74
  • 200Day Average: 79.76

523309 Indicators & signals

Indicator MACD (12,26,9)

72.35, 75.75, -2.79
Indicator MACD is in negative zone

Indicator ADX (14)

7, 21.18, 24.37
Indicator ADX is indicating that momentum is weak.
Momentum is towards selling.

Indicator RSI (14)

Current RSI is: 45
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of 523309 Shrigang Ind are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
03 Wed Jun 2026 68.09 66.56 to 70.94 0.04% 0.77 times
02 Tue Jun 2026 68.06 66.35 to 73.79 -3.49% 1.69 times
01 Mon Jun 2026 70.52 68.80 to 74.67 -4.63% 0.6 times
29 Fri May 2026 73.94 72.10 to 78.00 3.17% 0.98 times
27 Wed May 2026 71.67 70.00 to 71.91 0.93% 0.47 times
26 Tue May 2026 71.01 70.25 to 74.99 -4.04% 0.76 times
25 Mon May 2026 74.00 73.00 to 74.55 1.43% 0.15 times
22 Fri May 2026 72.96 72.01 to 73.99 0.57% 0.43 times
21 Thu May 2026 72.55 72.50 to 74.20 -0.3% 0.86 times
20 Wed May 2026 72.77 72.50 to 78.10 -2.79% 3.03 times
19 Tue May 2026 74.86 73.50 to 75.01 2.27% 1.02 times
18 Mon May 2026 73.20 72.00 to 77.00 -4.63% 1.01 times

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