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Southern Magnesium and Chemicals Limited

SOUTHMG.BO•BSE
Basic Materials
Other Precious Metals
₹76.00
₹4.20(5.85%)
Indian Market opens in 55h 46m

Southern Magnesium and Chemicals Limited (SOUTHMG.BO) Stock Technical Analysis & Trading Signals

Live technical indicators, trading signals, and momentum insights for Southern Magnesium and Chemicals Limited (BSE:SOUTHMG.BO).

Disclaimer for Technical Analysis Page

The technical indicators and trading signals shown on this page are for informational purposes only and do not constitute financial advice. Stock market investments involve risk, and past performance is not a guarantee of future results. Always conduct your own research or consult a licensed financial advisor before making investment decisions.Read our Full Disclaimer

SOUTHMG.BO Technical Analysis Summary

Southern Magnesium and Chemicals Limited stock currently trades in a neutral range, with no clear dominance from buyers or sellers.

Overall Sentiment:Neutral
Momentum:Neutral to Bullish (RSI: 51.25)
Trend Strength:Weak (ADX: 12.29)
Volatility:High (ATR: 5.97)
Support/Resistance:$61.37 – $80.70 (Bollinger Bands)

Overall, Southern Magnesium and Chemicals Limited remains neutral, with indicators showing mixed momentum.

Momentum Indicators

RSI (14): 51.25

Bullish
Above midpoint suggests upward bias.

Stochastic %K: 54.78

Neutral
Mid-range signal with no clear trend.

Williams %R: -43.81

Neutral
Balanced market without strong signals.

Rate of Change (ROC): 5.70

Strongly Bullish
Strong upside momentum.

Takeaway:Southern Magnesium and Chemicals Limited shows neutral momentum, with indicators pointing to indecision.

Trend & Volatility

MACD: -2.90

Bearish
Bearish, trend momentum is strengthening to the downside.

ADX: 12.29

Weak
Weak trend, market trading sideways.

ATR (14): 5.97

High
High volatility, wide price fluctuations.

CCI (14): 171.86

Bearish Risk
Bearish risk, overbought levels suggest caution.

Takeaway:Southern Magnesium and Chemicals Limited shows a neutral trend, with weak conviction and limited volatility.

Support & Resistance indicators
Bollinger Bands
Upper Band
$80.70
Middle Band (SMA 20)
$71.03
Lower Band
$61.37
Current Position
Within Bands

Takeaway:Southern Magnesium and Chemicals Limited trades closer to resistance, supported by stronger momentum within bands.

Keltner Channels
Upper Channel
$83.48
Middle Line (EMA 20)
$71.55
Lower Channel
$59.61
Squeeze Status
Squeeze On

Takeaway:Southern Magnesium and Chemicals Limited trades above the trend line, showing healthy momentum within the channel.

Volume & Money Flow Analysis
On-Balance Volume15.53K
Money Flow Index51.27Neutral, balanced money flows with no clear signal.
Relative Vigor Index66.23Bullish, price momentum strongly favors buyers.

Overall Takeaway:SOUTHMG.BO shows bullish money flow, with volume and vigor supporting buyers.

Technical Trading Signals Summary
Based on the current technical analysis of Southern Magnesium and Chemicals Limited, here are the key trading signals and recommendations:

Bullish Signals

RSI above 50 → positive momentum from buyers.

Price trading above middle Bollinger Band → mid-term support intact.

MFI below 80 → room for more buying without overbought risk.

Bearish Signals

No significant bearish signals detected.

Overall Recommendation:Technical indicators for Southern Magnesium and Chemicals Limited are mixed, suggesting a Hold or wait-and-see approach.

Technical Analysis FAQ