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Technicals for Triveni Engineering & Industries Limited
By MusingTheNews
2025-04-25 20:58
Overall Technical outlook
Price Summary
A -3.83% slide in Triveni Engineering & Industries Limited's stock marked an lousy day on the market. On 2025-04-25, TRIVENI's stock began at 437.65, peaked at 437.65, dipped to 416.0, and closed up -3.83% at 420.9, with a volume of 566672 shares. The stock's highest price in the past 52 weeks is 507.5, while its lowest price during the same period is 305.35. TRIVENI's future price is expected to lie between 358.0 and 582.0, with an average expectation of 489.2, as per the recommendations of 5 analysts.
Technicals
Support and Resistance: The price currently sits at 420.9, finding support at 397.2 and resistance at 454.8. These levels define a range for Triveni Engineering & Industries Limited where the price may move, with 397.2 offering a base and 454.8 limiting upward momentum. Support/Resistance for TRIVENI
Aroon: The AROON is showing a neutral reading, with no clear direction indicated for upward or downward movement. This neutral position suggests a possible period of consolidation. Aroon chart for Triveni Engineering & Industries Limited
Bol. Bands: The price dipping under the upper Bollinger Band could signal an upcoming decline. This technical indicator suggests that the asset is overbought and may be poised for a correction. Traders might interpret this as a potential reversal, where the bullish momentum is slowing down, making it a key moment for evaluating trading strategies. Bolinger Bands chart for Triveni Engineering & Industries Limited
Parabolic SAR: The PSAR remains bullish in its outlook, reinforcing a key support level that could help sustain the market's upward movement for TRIVENI. This support suggests that the bullish momentum is likely to persist, offering a foundation for further growth. Parabolic Stop and Reverse chart for Triveni Engineering & Industries Limited
Stochastic: The stochastic indicator reflects the K-line dropping below the D-line, though it remains above 80, pointing to a possible start of a bearish price move. This could be an early sign that the market's upward trend is reversing, potentially leading to a decline. Traders should be on the lookout for further bearish signals. Stochastic chart for Triveni Engineering & Industries Limited
Tripple Moving Agerage: The Tripple MOVING AVG 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. Tripple SMA chart for Triveni Engineering & Industries Limited
A comprehensive approach to analyzing a company requires considering both its technical and fundamental aspects. The company's fundamentals, such as its earnings, growth prospects, and financial health, provide a strong foundation for understanding technical indicators. Additionally, examining the industry it operates in helps contextualize the company's position within the broader market. By integrating these factors, one can gain more valuable insights into the company's stock performance and potential investment opportunities.
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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