Understanding the Technical Landscape
The technical trend change to mildly bullish suggests a tentative positive outlook, yet the overall picture remains mixed when individual indicators are analysed. The stock closed at ₹1,541.10, slightly up from the previous close of ₹1,527.70, indicating modest buying interest. However, the 52-week high of ₹1,732.45 and low of ₹1,075.70 highlight a wide trading range, reflecting volatility and investor uncertainty over the past year.
Examining the Moving Average Convergence Divergence (MACD), a key momentum indicator, reveals a mildly bearish stance on both weekly and monthly charts. This suggests that despite the recent trend shift, momentum has not decisively turned positive. Similarly, the Know Sure Thing (KST) indicator aligns ...
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