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Technicals for SKF India Limited
By MusingTheNews
2026-02-03 20:54
Overall Technical outlook
Price Summary
SKF India Limited's stock began trading at 1730.0 on 2026-02-03, soared to 1769.0, dipped to 1696.2, and finished the day -1.17% lower at 1709.7, with 64954 shares exchanged. The stock reached its highest price of 5017.2 and lowest price of 1671.4 over the last 52 weeks. The anticipated price is forecasted to be between 1670.0 and 5100.0, with an average price expectation of 3010.125, based on input from 8 analysts.
Technicals
Aroon: The current reading of the AROON is neutral for SKFINDIA, 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 SKF India Limited
Bol. Bands: The BOLL BANDS is showing a neutral reading, with no clear direction indicated for upward or downward movement. This neutral position suggests a possible period of consolidation. Bolinger Bands chart for SKF India 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 SKF India Limited
Stochastic: The stochastic indicator shows the K-line rising above the D-line, yet staying below 20, which is generally seen as the start of a bullish move for SKF India Limited. This suggests that the market may be in the early stages of a recovery, possibly leading to an uptrend. Traders could consider this a sign to start buying. Stochastic chart for SKF India Limited
Tripple Moving Agerage: A bullish trend is indicated by the alignment of the 20-50-100 period moving averages, though the slopes of the faster averages hint at a potential reversal. The weakening momentum in the shorter-term averages suggests that the current trend may not hold, signaling the possibility of an upcoming change in direction for SKFINDIA. Tripple SMA chart for SKF India Limited
A company's technical data, including stock price and trading volume, can provide valuable insights when considered alongside its fundamentals. These include financial performance, market share, and growth strategy, as well as broader industry dynamics. Examining these factors helps investors or analysts make more informed decisions, as the company's fundamentals offer context for understanding how and why certain technical patterns may emerge in the market.
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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