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Technicals for SKF India Limited
By MusingTheNews
2025-04-25 20:52
Overall Technical outlook
Price Summary
On 2025-04-25, SKF India Limited's shares started at 3915.0, peaked at 3926.0, bottomed out at 3833.0, and ended -0.98% lower at 3876.7, with 172739 shares traded. Over the past 52 weeks, the stock reached a maximum price of 6921.2 and a minimum price of 3638.8. The anticipated price is forecasted to be between 3565.0 and 5870.0, with an average price expectation of 4638.1, based on input from 10 analysts.
Technicals
Support and Resistance: The price for SKFINDIA is 3876.7, with support at 3687.85 and resistance at 3937.35. This suggests a range where 3687.85 acts as a base, preventing declines, and 3937.35 caps gains, defining key trading levels. Support/Resistance for SKFINDIA
Aroon: The AROON 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. Aroon chart for SKF India Limited
Bol. Bands: The current reading of the BOLL BANDS 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. Bolinger Bands chart for SKF 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 SKFINDIA. Investors might see this as an opportunity to capitalize on the ongoing bullish sentiment. Parabolic Stop and Reverse chart for SKF India Limited
Stochastic: The stochastic indicator shows the K-line below the D-line and above 80, pointing to the potential onset of a bearish price move. This setup could indicate that the market's recent gains are starting to reverse, possibly leading to a downturn. Traders should monitor this closely for further bearish signals. Stochastic chart for SKF India Limited
Tripple Moving Agerage: The current state of the Tripple MOVING AVG is neutral, offering no clear signals of movement in either direction. This suggests a potential pause in market activity, with no strong trend emerging at the moment. Tripple SMA chart for SKF India Limited
Before focusing on a company's technical data, such as stock price movements, it's essential to analyze its fundamentals. These include factors like profitability, cash flow, and debt management. Additionally, considering the broader industry landscape—including market trends, competition, and regulatory changes—offers deeper insights. This comprehensive approach allows for a more meaningful interpretation of the company's technical indicators, providing a clearer picture of its financial health and future prospects.
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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