Mukand Limited (MUKANDLTD) Stock - Complete Technical Analysis - Sep 13, 2024

"Mukand Limited Technical Analysis: Key Support & Resistance Levels and Market Trends"

Disclaimer: This analysis is for informational purposes only and should not be considered financial advice. Investing in stocks involves risks, and it's essential to conduct thorough research or consult with a financial advisor before making investment decisions.

Analyzing Mukand Limited (MUKANDLTD), the stock is currently trading at 159. The Average Directional Index (ADX) suggests a weak trend, indicating potential consolidation. The Relative Strength Index (RSI) is near neutral, reflecting a balance between buying and selling pressure. The Stochastic Oscillator is in a lower range, while the Stochastic RSI is also moderate, suggesting a potential for price movement in either direction.

The MACD is below the zero line, hinting at bearish momentum, and the Awesome Oscillator is negative, which could imply a weakening bullish trend. Despite these indicators, the stock shows some positive momentum as indicated by the Momentum indicator.

Price action is close to its Exponential Moving Averages (EMAs) and Simple Moving Averages (SMAs), signaling that the stock is in a range-bound phase. The Ichimoku Base Line is slightly above the current price, indicating a potential resistance level.

Support levels are close to recent lows and classic pivot points, with immediate support around 140.5 and further support at 125.59. Resistance is found near 178.36 and beyond, making these levels crucial for traders to watch.

The stock is trading significantly below its 52-week high and moderately above its 52-week low, suggesting potential for either breakout or further consolidation. Traders should monitor these key levels and the overall trend to make informed decisions.