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Technicals for Chemplast Sanmar Limited
By MusingTheNews
2025-10-17 20:29
Overall Technical outlook
Price Summary
In today's trading session, CHEMPLASTS's shares spiked by 4.59%, marking a impressive day. Chemplast Sanmar Limited's stock started trading at 377.0 on 2025-10-16, climbed to 397.0, fell to 376.95, and closed 4.59% up at 394.3, with 147493 shares traded. Throughout the 52-week period, the stock hit a high of 515.0 and a low of 365.2. 4 analysts suggest that CHEMPLASTS's future price will lie between 470.0 and 680.0, with an average expected price of roughly 553.25.
Technicals
Support and Resistance: The current price of 394.3 for CHEMPLASTS is supported at 381.8 and faces resistance at 415.35. These levels indicate that 381.8 could act as a floor, while 415.35 might limit any further price increases. Support/Resistance for CHEMPLASTS
Aroon: The AROON is showing a neutral stance, with no definitive indication of an upward or downward trend for CHEMPLASTS. This neutral position suggests a period of indecision in the market, making it difficult to predict the next move. Aroon chart for Chemplast Sanmar Limited
Bol. Bands: The current state of the BOLL BANDS is neutral, providing no clear signals for either an upward or downward movement. This indicates that the market may be in a state of equilibrium, with no strong momentum in either direction. Bolinger Bands chart for Chemplast Sanmar Limited
Parabolic SAR: The PSAR has recently reversed from bearish to bullish, suggesting a possible upward trend. If this move is confirmed by other indicators, it could indicate a strong bullish signal. Investors may want to consider this as a potential opportunity, especially if additional trends support the PSAR's new direction. Parabolic Stop and Reverse chart for Chemplast Sanmar Limited
Stochastic: The current state of the STOCHASTIC is neutral for CHEMPLASTS, providing no clear indication of a trend in either direction. This suggests that the market may be lacking momentum, making it difficult to predict future movements. Stochastic chart for Chemplast Sanmar Limited
Tripple Moving Agerage: The moving averages for the 20-50-100 periods indicate a bullish trend, though the slopes of the faster averages suggest that this trend may not last. The weakening signals from the shorter-term averages point to a potential reversal, indicating that the current upward momentum could be approaching a turning point. Tripple SMA chart for Chemplast Sanmar Limited
To accurately interpret a company's technical data, it is important to first examine its fundamentals. These include financial performance, management quality, and growth prospects. In addition, understanding the dynamics of the industry in which the company operates—such as competition, market trends, and regulatory factors—provides further insights. This combined analysis helps create a fuller picture, allowing for more precise conclusions to be drawn from the company's technical performance and stock behavior.
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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