Shri Venkatesh Refineries Shows Mixed Technical Trends Amid Strong Yearly Performance

Shri Venkatesh Refineries, a microcap player in the edible oil industry, has recently undergone an evaluation revision reflecting its current market dynamics. The stock is currently priced at 256.00, slightly down from its previous close of 260.40. Over the past year, the company has demonstrated a notable return of 57.06%, significantly outperforming the Sensex, which recorded a return of 5.94% during the same period.
In terms of technical indicators, the company shows a mixed picture. The MACD indicates a mildly bearish trend on a weekly basis while remaining bullish on a monthly scale. The Relative Strength Index (RSI) presents no signal weekly but is bearish monthly, suggesting varied momentum. Bollinger Bands reflect a mildly bullish stance on both weekly and monthly charts, while moving averages indicate a mildly bullish trend daily. The KST remains bullish on both weekly and monthly evaluations.

The company's performance over different time frames highlights its resilience, particularly with a year-to-date return of 11.79%, compared to the Sensex's 6.81%. Over three years, Shri Venkatesh has achieved a remarkable return of 121.65%, further emphasizing its strong market position in the edible oil sector.