Stock has fallen by more than 25% in last three Month from its highest level of 1898.0 dt 18-Mar-20.
Stock has fallen by more than 50% in last three Month from its highest level of 2317.95 dt 16-Jan-20.
SKF India Ltd. is trending up for 6 days or in other words , the stock is daily closing at a higher price than previous days close.
Bullish engulfing Candlestick pattern was formed by SKF India Ltd. on 04/06/2020 Prior to pattern formation this share was in uptrend.
As Per ADX, stock is not trending with ADX of 11.4958 and is not trending for 27 Days
As Per Chaikin Money Flow, stock has Strong Selling pressure with CMF = -0.227879. Strong Selling pressure is for 37 Days
Stock of SKF India Ltd. has formed Resistance (trend line) with dates 29/05/2020, 15/05/2020, 08/05/2020, on daily Charts. Lowest point touched during this period is 1389.5.Resistance line is now broken and former resistance line of 1443.7 is expected to act as support.
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Share Price History of SKF India Ltd.
Date
Open
High
Low
Close
Volume
04-Jun-20
1457.00
1468.70
1450.00
1464.70
23213
03-Jun-20
1460.80
1477.95
1448.60
1457.40
27143
02-Jun-20
1469.90
1475.00
1440.00
1450.90
110 K
01-Jun-20
1459.00
1459.00
1433.00
1449.75
39379
29-May-20
1449.95
1450.00
1430.00
1443.70
5207
28-May-20
1425.00
1439.85
1400.00
1432.30
56341
27-May-20
1440.00
1440.00
1410.00
1421.45
4719
26-May-20
1399.95
1448.90
1396.50
1431.35
37367
22-May-20
1404.95
1418.95
1387.90
1396.45
8352
21-May-20
1400.05
1410.00
1388.00
1389.50
94809
About SKF India Limited
SKF India Limited manufactures and supplies products, solutions, and services in the area of bearings, seals, mechatronics, and lubrication systems primarily in India. The company's products primarily include bearings, units, and housings; seals; lubrication solutions; actuation systems and engineering tools; magnetic bearings/permanent magnet electric motors; drive-by-wire products; maintenance products; condition monitoring products; power transmission products; coupling systems; test and measurement equipment; and vehicle aftermarket products. It also provides services, such as asset management, training, engineering consultancy, logistics, mechanical maintenance, lubrication management, life cycle management, remanufacturing and maintenance, and products reuse and recycling services. The company was formerly known as SKF Bearings India Limited and changed its name to SKF India Limited in 2004. SKF India Limited was founded in 1907 and is based in Mumbai, India. SKF India Limited is a subsidiary of Aktiebolaget SKF. About Strength
Strength is based on Deep Analysis, Back Testing and Historical Trend Analysis using Machine Learning. Overall Technical Strength is based on 50+ indicators including Technicals, moving Avg, chart patterns, candlestick and proprietary algorithms.Technical Strength is currently calculated around around 5 to 6 PM. This is an automated process and in NO WAY should be considered as a tip as its based on past data. We strongly recommend to use these signals for information only and seek advise from a certified professional for any trading decision.If you like it then please share. The more the visitors the more the innovations. Feedback
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( Intraday Analysis is on Real Time Data (Updated every 5 Mins). All Other analysis is based on End of Trade day's Value. Expected time of update is between 5 to 5.30 PM exchange time Zone)
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