Surya Roshni Faces Technical Trend Shifts Amid Market Volatility and Declining Performance

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 245.15, having closed at 250.00 previously. Over the past year, Surya Roshni has experienced a decline of 3.96%, contrasting with a 5.11% gain in the Sensex during the same period.
In terms of technical indicators, the weekly MACD and Bollinger Bands suggest a bearish sentiment, while the monthly metrics indicate a mildly bearish trend. The daily moving averages also reflect a bearish outlook. Notably, the KST and OBV indicators present a mixed picture, with weekly readings showing bearish tendencies and monthly readings leaning mildly bearish.

Surya Roshni's performance over various time frames reveals significant volatility. The stock has seen a remarkable return of 1429.80% over the past five years, compared to a 159.65% return for the Sensex. However, year-to-date, it has faced a decline of 17.46%, while the Sensex has remained relatively stable with a slight drop of 0.93%. This juxtaposition highlights the challenges Surya Roshni faces in the current market environment.