Overall Technical outlook

Price Summary

RHI Magnesita India Limited's stock saw a 5.26% boost, showcasing an fantastic market day.
On 2025-06-13, RHI Magnesita India Limited's shares started at 478.0, peaked at 516.4, bottomed out at 472.0, and ended 5.26% higher at 503.15, with 3459912 shares traded.
During the 52-week span, the stock hit a high of 694.05 and a low of 382.6.
Analysts' predictions indicate that RHIM's future price will be between 507.0 and 744.0, with a mean price expectation of approximately 598.3333.

Technicals

Support and Resistance: The current price sits at 503.15, supported at 489.2 and capped by resistance at 510.15. These levels define a range for RHIM where the price might stabilize, with 489.2 as a floor and 510.15 as a ceiling.
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Support/Resistance for RHIM


Aroon: Aroon's bullish trend persists, with Aroon Up staying at the 100 level. This indicates strong market momentum, but further analysis using additional indicators is necessary to determine the trend's sustainability and future direction.
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Aroon chart for RHI Magnesita India Limited


Bol. Bands: The current price has broken above the upper Bollinger Band, marking a bullish move in its latest action. This upward movement suggests that the market is experiencing strong buying interest, driving the price higher. Traders may view this as a positive indicator of continued momentum, potentially leading to further price increases.
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Bolinger Bands chart for RHI Magnesita India Limited


Parabolic SAR: The PSAR remains bullish, reinforcing a significant support level. This steady support suggests that the market's upward trend may continue, providing a solid foundation for potential gains for RHIM. Investors might see this as an opportunity to capitalize on the ongoing bullish sentiment.
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Parabolic Stop and Reverse chart for RHI Magnesita India Limited


Stochastic: The current reading of the STOCHASTIC indicator suggests a neutral stance, with no clear signals indicating an upward or downward direction. This lack of directional bias suggests the market may be in a period of consolidation or uncertainty.
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Stochastic chart for RHI Magnesita India Limited


Tripple Moving Agerage: The Tripple MOVING AVG is showing a neutral stance, with no definitive indication of an upward or downward trend for RHIM. This neutral position suggests a period of indecision in the market, making it difficult to predict the next move.
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Tripple SMA chart for RHI Magnesita India Limited


A thorough analysis of a company involves looking beyond its stock price movements and trading patterns. You must also examine its fundamentals, which include profitability, growth prospects, and competitive advantages. Additionally, the industry in which the company operates provides important context, as factors like technological innovations, regulation, and market demand influence performance. By integrating this information with technical analysis, more accurate predictions about the company's future can be made.