Surya Roshni Faces Mixed Technical Trends Amidst Market Evaluation Revision

Surya Roshni, a midcap player in the Steel/Sponge Iron/Pig Iron industry, has recently undergone an evaluation revision reflecting its current market dynamics. The stock is currently priced at 250.00, showing a slight increase from the previous close of 243.90. Over the past year, Surya Roshni has experienced a stock return of 0.20%, while the Sensex has returned 6.32% in the same period.
In terms of technical indicators, the MACD shows a bearish trend on a weekly basis and a mildly bearish trend monthly. The Relative Strength Index (RSI) indicates no signal for both weekly and monthly assessments. Bollinger Bands also reflect a mildly bearish stance on both timeframes. Moving averages suggest a mildly bearish trend on a daily basis, while the KST indicates a bearish trend weekly and mildly bearish monthly. Interestingly, the Dow Theory presents a mildly bullish outlook weekly, with no trend observed monthly.

When comparing the company's performance to the Sensex, Surya Roshni has shown notable returns over longer periods, particularly a remarkable 1460.06% return over five years, significantly outpacing the Sensex's 160.29% return. This highlights the company's resilience and potential in the market despite recent fluctuations.