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Technicals for Shree Renuka Sugars Limited
By MusingTheNews
2025-10-17 20:55
Overall Technical outlook
Price Summary
On 2025-10-17, Shree Renuka Sugars Limited's stock started at 29.64, soared to 29.7, dropped to 29.11, and finished the day -1.45% down at 29.21, with a trading volume of 1961019 shares. Over the course of 52 weeks, the stock peaked at 44.48 and hit a low of 26.12.
Technicals
Support and Resistance: At 29.21, the price is supported at 28.36 and faces resistance at 29.89. This range suggests that the price for RENUKA might stay between these levels, with 28.36 acting as a floor and 29.89 as a ceiling. Support/Resistance for RENUKA
Aroon: AROON shows a bearish trend, with Aroon Down moving up and the Aroon Oscillator reversing. This combination suggests a downward trend reversal, signaling that the stock may be entering a period of decline. Investors should be aware of this change as it may reflect increasing bearish momentum. Aroon chart for Shree Renuka Sugars Limited
Bol. Bands: The BOLL BANDS 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. Bolinger Bands chart for Shree Renuka Sugars Limited
Parabolic SAR: The PSAR maintains its bearish stance, establishing a resistance level that could cap any attempts at upward movement. This persistent bearish outlook suggests that the market may continue to face downward pressure, with resistance preventing significant gains. Parabolic Stop and Reverse chart for Shree Renuka Sugars Limited
Stochastic: The Stochastic K-line for RENUKA has moved below the D-line and sits under 20, indicating a mildly bearish signal. This suggests that the market might experience some weakness, though the bearish sentiment is not particularly strong. Investors should stay alert for any additional signals. Stochastic chart for Shree Renuka Sugars Limited
Tripple Moving Agerage: The Tripple MOVING AVG is currently neutral, offering no clear guidance on market direction. This suggests that the market may be in a state of pause, with no strong trend emerging. Tripple SMA chart for Shree Renuka Sugars Limited
Before diving into the technical aspects of a company, such as stock price charts or volume trends, it's important to understand its fundamentals. These fundamentals include financial stability, growth potential, and strategic positioning. Additionally, knowing the broader industry landscape, including competitive pressures and regulatory factors, offers deeper insights. When this fundamental analysis is combined with technical indicators, it leads to more informed, accurate evaluations of the company's overall performance.
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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