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Technicals for CreditAccess Grameen Limited
By MusingTheNews
2025-10-17 20:30
Overall Technical outlook
Price Summary
With a -7.0% dip, CreditAccess Grameen Limited enjoyed a lacklustre day in the stock market. CreditAccess Grameen Limited's stock opened at 1385.9 on 2025-10-17, surged to 1385.9, dropped to 1281.2, and ended -7.0% lower at 1288.9, with 630637 shares traded. The stock reached its highest price of 1416.5 and its lowest price of 813.9 during the 52-week period. CREDITACC's future price is expected to lie between 1090.0 and 1650.0, with an average expectation of 1378.2, as per the recommendations of 15 analysts.
Technicals
Support and Resistance: At 1288.9, the price for CREDITACC is supported at 1195.5 and resisted at 1306.5. This indicates a trading range where 1195.5 serves as a support level, potentially preventing further decline, while 1306.5 could limit upward movement. Support/Resistance for CREDITACC
Aroon: The AROON indicator is showing a strong bearish trend, with Aroon Down rising and the Aroon Oscillator staying low. This suggests that the downward trend is likely to continue, indicating sustained bearish momentum in the market. The persistence of the Aroon Oscillator at a low level reinforces the expectation of ongoing declines. Aroon chart for CreditAccess Grameen Limited
Bol. Bands: In a marked bearish move, the current price has crossed below the lower Bollinger Band, having fallen sharply from above the middle band. This significant drop, moving across two bands in one motion, highlights strong selling pressure and downward momentum. Such a move suggests the continuation of the bearish trend, though it could also indicate an oversold condition, where traders might anticipate a potential reversal. Bolinger Bands chart for CreditAccess Grameen Limited
Parabolic SAR: The PSAR has just shifted from bullish to bearish, hinting at a potential market decline. If this reversal is supported by other trends, it could be a very bearish signal for CREDITACC. Investors should be vigilant and seek further confirmation before taking action. Parabolic Stop and Reverse chart for CreditAccess Grameen Limited
Stochastic: The STOCHASTIC is currently in a neutral position, offering no clear indication of movement up or down. This suggests that the market may be experiencing a period of equilibrium, with no strong trend in play. Stochastic chart for CreditAccess Grameen Limited
Tripple Moving Agerage: The Tripple MOVING AVG is currently neutral, showing no clear bias toward an upward or downward trend. This suggests that the market may be in a phase of indecision or consolidation. Tripple SMA chart for CreditAccess Grameen Limited
Analyzing the technical indicators of a company, such as stock price and trading volume, requires first understanding its fundamentals. These fundamentals include profitability, growth potential, and market position. Furthermore, knowing the broader industry trends and competitive landscape provides critical context. When both the company's internal data and the external environment are considered, it allows for more meaningful conclusions about the company's technical performance and future trajectory.
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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