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Butterfly Gandhimathi Appliances Limited (BUTTERFLY) Stock - Complete Technical Analysis - Sep 13, 2024

Butterfly Gandhimathi Stock Analysis Key Support & Resistance Levels Bullish Indicators

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. Butterfly Gandhimathi Appliances Limited (BUTTERFLY) is currently trading at 1047. The technical indicators suggest a strong bullish trend. The RSI is showing strength, indicating that the stock is in a positive momentum phase. Both the MACD and Momentum are also reflecting strong bullish signals, while the Awesome Oscillator supports the uptrend. The stock is trading above several key moving averages, including the Exponential and Simple Moving Averages, which reinforces the bullish sentiment. Resistance levels are anticipated around 1060 and 1160, while support is seen near 1040 and 940. With an average true range (ATR) indicating high volatility, traders should expect potential price swings. Overall, the stock's technical setup suggests a continuation of the uptrend, but close monitoring of support and resistance levels is recommended.





 

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