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Technicals for DCM Shriram Limited
By MusingTheNews
2025-06-13 20:30
Overall Technical outlook
Price Summary
On 2025-06-12, DCMSHRIRAM's stock started at 1108.0, reached a high of 1127.9, fell to 1091.0, and ended 1.54% higher at 1125.1, with 152298 shares traded. The stock's highest value over the last 52 weeks is 1321.7, and the lowest value is 923.6.
Technicals
Support and Resistance: The price for DCMSHRIRAM at 1125.1 finds support at 1070.25 and resistance at 1185.05. This suggests a trading range, where 1070.25 serves as a support level and 1185.05 acts as a resistance point, potentially capping further gains. Support/Resistance for DCMSHRIRAM
Aroon: The Aroon indicator shows a continued bullish trend, with Aroon Up staying at the 100 level. This sustained strength suggests a strong upward momentum. However, further analysis is required, especially when combined with other indicators, to confirm the trend's durability and potential future direction. Aroon chart for DCM Shriram Limited
Bol. Bands: In the latest move, the current price has surpassed the upper Bollinger Band, marking a bullish signal for DCMSHRIRAM. This breakout indicates that buying pressure is strong, pushing prices beyond their typical range. Such a move could suggest that the market is gaining momentum, with the potential for further upward movement. Bolinger Bands chart for DCM Shriram Limited
Parabolic SAR: The PSAR remains bullish in its outlook, setting a key support level that could sustain the ongoing upward trend. This strong support indicates that the market may continue to rise, with the bullish momentum likely to persist for DCMSHRIRAM. Parabolic Stop and Reverse chart for DCM Shriram Limited
Stochastic: DCMSHRIRAM's stochastic indicator reflects a bullish trend, with the K-line positioned above the D-line and surpassing the 80 threshold. This setup suggests strong upward momentum, indicating that the market may continue to rise. Investors could interpret this as a positive signal for further gains. Stochastic chart for DCM Shriram Limited
Tripple Moving Agerage: The Tripple MOVING AVG is currently in a neutral position for DCM Shriram Limited, offering no clear guidance on whether the market is likely to move up or down. This neutral stance suggests that further observation may be necessary before a trend becomes apparent. Tripple SMA chart for DCM Shriram Limited
When assessing a company's technical performance, such as stock price fluctuations and trading volume, it is crucial to first examine its fundamentals. These fundamentals include financial health, profitability, and growth potential. Additionally, understanding the industry's dynamics, including competitive pressures and market trends, is key to contextualizing the company's performance. By integrating these factors, a more comprehensive and meaningful analysis can be conducted, leading to more informed investment decisions.
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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