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Technicals for RHI Magnesita India Limited
By MusingTheNews
2025-12-15 20:53
Overall Technical outlook
Price Summary
On 2025-12-10, RHI Magnesita India Limited's stock began at 448.05, climbed to 453.0, dropped to 438.05, and had -1.92% to end at 439.45, with a volume of 79337 shares. The top price for the stock in the last 52 weeks is 553.15, with the bottom price being 382.6. RHIM's future price is expected to lie between 571.0 and 697.0, with an average expectation of 622.6667, as per the recommendations of 3 analysts.
Technicals
Support and Resistance: At 439.45, the price is supported at 440.05 and faces resistance at 440.05. This range suggests that the price for RHIM might stay between these levels, with 440.05 acting as a floor and 440.05 as a ceiling. Support/Resistance for RHIM
Aroon: The current reading of the AROON is neutral for RHIM, with no clear signals for an upward or downward trend. This indicates that the market may be in a state of uncertainty, with no dominant force driving the direction. Aroon chart for RHI Magnesita India Limited
Bol. Bands: The BOLL BANDS 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. Bolinger Bands chart for RHI Magnesita India Limited
Parabolic SAR: The PSAR maintains its bearish stance, setting a strong resistance level that could limit any potential upward movement. This ongoing bearish outlook suggests that the market may continue to face resistance, making it difficult to achieve significant gains for RHI Magnesita India Limited. Parabolic Stop and Reverse chart for RHI Magnesita India Limited
Stochastic: The stochastic indicator for RHIM shows the K-line crossing over the D-line while remaining below 20, which is generally seen as the start of a bullish move. This setup indicates that the market may be emerging from a lower level, potentially signaling the beginning of an uptrend. Traders could view this as an early buying signal. Stochastic chart for RHI Magnesita India Limited
Tripple Moving Agerage: The Tripple MOVING AVG is in a neutral stance, with no clear direction indicated for the market. This lack of clarity suggests that the market may be in a state of equilibrium for RHIM, with no strong trend emerging. Tripple SMA chart for RHI Magnesita India 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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