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Technicals for Britannia Industries Limited
By MusingTheNews
2026-02-02 20:27
Overall Technical outlook
Price Summary
The stock of Britannia Industries Limited experienced a 2.71% rise, showcasing a phenomenal market performance. Britannia Industries Limited's stock opened at 5733.0 on 2026-02-02, surged to 5899.0, hit a low of 5697.5, and closed up 2.71% at 5888.5, with 279212 shares traded. Throughout the 52-week period, the stock hit a high of 6300.5 and a low of 4575.2. Based on recommendations from 34 analysts, the future price of BRITANNIA is expected to range from 5250.0 to 7530.0, with an average price expectation around 6586.2354.
Technicals
Support and Resistance: At 5888.5, the price is held up by support at 5824.0 and faces resistance at 5991.0 for BRITANNIA. This suggests a trading range where 5824.0 provides a base and 5991.0 limits upward movement. Support/Resistance for BRITANNIA
Aroon: The AROON is currently neutral, showing no clear bias toward a rising or falling trend. This lack of directional clarity suggests that the market may be in a holding pattern, awaiting further developments. Aroon chart for Britannia Industries Limited
Bol. Bands: The current reading of the BOLL BANDS is neutral, offering no clear signals for a movement in either direction. This suggests that the market may be in a holding pattern, with no dominant trend in place. Bolinger Bands chart for Britannia Industries Limited
Parabolic SAR: The PSAR remains in a bearish mode, establishing a resistance level that could hinder any attempts at upward movement for BRITANNIA. This resistance reinforces the bearish sentiment, indicating that the market may continue to face challenges in pushing higher. Parabolic Stop and Reverse chart for Britannia Industries Limited
Stochastic: The STOCHASTIC is in a neutral stance, with no clear direction indicated for the market. This lack of clarity suggests that the market may be in a state of equilibrium for BRITANNIA, with no strong trend emerging. Stochastic chart for Britannia Industries Limited
Tripple Moving Agerage: A bullish trend is indicated by the alignment of the 20-50-100 period moving averages for BRITANNIA, but this strength is tempered by the slopes of the faster averages, which hint at a possible reversal. The overall trend remains positive, yet the weakening signals from the shorter-term averages suggest that a change in direction may be imminent. Tripple SMA chart for Britannia Industries Limited
When analyzing a company, its fundamentals—such as earnings, management efficiency, and strategic initiatives—must be considered alongside technical data. The context of the industry in which the company operates also plays a key role, as market trends and competitive dynamics can significantly impact performance. By taking a comprehensive approach, combining both fundamental and technical analysis, one can gain a deeper understanding of the company's potential for growth or risk.
DISCLAIMER: We provide information and our musings based on events, but nothing on this site can be considered professional advice of any kind.
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