Surya Roshni's Technical Indicators Reflect Mixed Trends Amid Market Resilience

Surya Roshni, a midcap player in the Iron & Steel Products industry, has recently undergone an evaluation revision reflecting its current market dynamics. The stock is currently priced at 342.50, slightly down from the previous close of 344.30. Over the past year, Surya Roshni has demonstrated resilience, with a return of 2.71%, while the Sensex has returned 5.00% in the same period.
In terms of technical indicators, the weekly MACD remains bullish, while the monthly outlook shows a mildly bearish trend. The Relative Strength Index (RSI) indicates a bearish stance on a weekly basis, with no signal on a monthly scale. Bollinger Bands and moving averages suggest a mildly bullish trend on both weekly and daily charts.

Notably, Surya Roshni has shown impressive long-term performance, with a staggering 285.75% return over three years and an extraordinary 1075.46% return over five years, significantly outperforming the Sensex during these periods. This strong historical performance underscores the company's robust position in the market, despite recent fluctuations.