Skip to content
Smart Money

Textile Spinning

SUTM Sunrays Textile Mills Limited

Latest results: FY2026 · Jun 2026

Last close · 16 Oct 2026

Rs 111.23 +0.15%

Technical analysis · updated after the close, 16 Oct 2026

Sunrays Textile Mills Limited (SUTM) technical analysis

SUTM closed at Rs 111.23 on 16 Oct 2026 (+0.15%). The daily picture is neutral: the price is above 3 of its 6 simple moving averages, MACD is above its signal line and RSI at 50.4 is neutral. The weekly trend is bearish, and the monthly chart is bearish. Nearest support is the daily pivot at 110.65, resistance R1 at 111.41.

Daily

Neutral

Weekly

Bearish

Monthly

Bearish

Details for Daily Weekly Monthly

Oscillators

Neutral

2 bullish · 7 neutral · 1 bearish

Indicator Value Reading
RSI (14) 50.40 Neutral
Stochastic %K (14, 3, 3) 50.65 Neutral
Stochastic RSI (14, 3, 3) 100.00 Neutral
CCI (20) 70.72 Neutral
ADX (14) 16.04 Neutral
Williams %R (14) -48.72 Neutral
MACD (12, 26, 9) 0.01 Bullish
Momentum (10) -2.46 Bearish
Ultimate Oscillator (7, 14, 28) 51.15 Neutral
Bull Bear Power (13) 1.99 Bullish

Moving averages

Neutral

6 bullish · 0 neutral · 6 bearish

Period Simple Exponential
MA 10 111.12 111.11
MA 20 110.46 110.93
MA 30 109.88 111.10
MA 50 112.63 111.39
MA 100 112.64 111.98
MA 200 113.02 116.43

Support & resistance

Daily pivots
  • R3 112.51
  • R2 111.75
  • R1 111.41
  • Pivot 110.65
  • S1 110.31
  • S2 109.55
  • S3 109.21
  • Close 111.23

Pivot points

Level Classic Fibonacci Camarilla
R3 112.51 111.75 111.36
R2 111.75 111.33 111.26
R1 111.41 111.07 111.16
Pivot 110.65 110.65 110.65
S1 110.31 110.23 110.96
S2 109.55 109.97 110.86
S3 109.21 109.55 110.76

Range & volatility

52-week range

77.10173.29

ATR (14)
6.155.5% of price
Bollinger Bands (20, 2)
106.87 – 114.05
From the 52-week high
-35.8%
Bars analysed
3,060

Oscillators

Bullish

3 bullish · 6 neutral · 1 bearish

Indicator Value Reading
RSI (14) 47.39 Neutral
Stochastic %K (14, 3, 3) 31.92 Neutral
Stochastic RSI (14, 3, 3) 0.00 Neutral
CCI (20) -3.74 Neutral
ADX (14) 22.98 Bullish
Williams %R (14) -71.94 Neutral
MACD (12, 26, 9) -1.05 Bullish
Momentum (10) 1.73 Bearish
Ultimate Oscillator (7, 14, 28) 54.20 Neutral
Bull Bear Power (13) 2.99 Bullish

Moving averages

Strongly bearish

1 bullish · 0 neutral · 11 bearish

Period Simple Exponential
MA 10 113.75 112.52
MA 20 113.56 112.76
MA 30 108.86 114.34
MA 50 117.23 118.17
MA 100 128.10 122.26
MA 200 115.53 127.00

Support & resistance

Weekly pivots
  • R3 129.18
  • R2 123.09
  • R1 118.25
  • Pivot 112.16
  • S1 107.32
  • S2 101.23
  • S3 96.39
  • Close 111.23

Pivot points

Level Classic Fibonacci Camarilla
R3 129.18 123.09 116.42
R2 123.09 118.91 115.41
R1 118.25 116.34 114.41
Pivot 112.16 112.16 112.16
S1 107.32 107.98 112.41
S2 101.23 105.41 111.41
S3 96.39 101.23 110.40

Range & volatility

52-week range

77.10173.29

ATR (14)
15.0313.5% of price
Bollinger Bands (20, 2)
106.85 – 120.27
From the 52-week high
-35.8%
Bars analysed
1,136

Oscillators

Bearish

1 bullish · 6 neutral · 3 bearish

Indicator Value Reading
RSI (14) 46.73 Neutral
Stochastic %K (14, 3, 3) 28.96 Neutral
Stochastic RSI (14, 3, 3) 18.95 Neutral
CCI (20) -56.17 Neutral
ADX (14) 25.16 Bullish
Williams %R (14) -70.03 Neutral
MACD (12, 26, 9) -4.38 Bearish
Momentum (10) -32.62 Bearish
Ultimate Oscillator (7, 14, 28) 41.33 Neutral
Bull Bear Power (13) -11.67 Bearish

Moving averages

Bearish

3 bullish · 0 neutral · 9 bearish

Period Simple Exponential
MA 10 109.31 115.02
MA 20 134.14 119.22
MA 30 117.74 121.67
MA 50 116.54 125.52
MA 100 133.00 121.80
MA 200 93.23 97.44

Support & resistance

Monthly pivots
  • R3 157.98
  • R2 144.49
  • R1 126.99
  • Pivot 113.50
  • S1 96.00
  • S2 82.51
  • S3 65.01
  • Close 111.23

Pivot points

Level Classic Fibonacci Camarilla
R3 157.98 144.49 118.01
R2 144.49 132.65 115.17
R1 126.99 125.34 112.33
Pivot 113.50 113.50 113.50
S1 96.00 101.66 106.65
S2 82.51 94.35 103.81
S3 65.01 82.51 100.97

Range & volatility

52-week range

77.10173.29

ATR (14)
32.2729.0% of price
Bollinger Bands (20, 2)
65.87 – 202.41
From the 52-week high
-35.8%
Bars analysed
335

How these readings work

Computed after each close from SUTM's daily prices; weekly and monthly bars are built from them, and days without trading are left out. Each oscillator and moving average gives a bullish, neutral or bearish reading, and the summary weighs them: strongly bullish when clearly more readings are bullish, strongly bearish when clearly more are bearish. Pivot levels come from the previous completed bar. Readings describe the chart; they are not a recommendation. For information purposes only, not investment advice.

History before 27 Nov 1996 is left out: a price move on that day was too large to compare earlier prices (for example an unadjusted split or bonus issue).

SUTM overview and price history →