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Schneider Electric Infrastructure Limited (SCHNEIDER) Stock - Complete Technical Analysis - Sep 19, 2024

Schneider Electric Stock Analysis: Bearish Signals & Key Support Levels NSE Technical Review

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.

The technical analysis of Schneider Electric Infrastructure Limited (SCHNEIDER) reveals several important insights for traders. The current price stands at 750, which is notably 23.42% below the 52-week high of 980 and 150.15% above the 52-week low of 300. This indicates significant volatility and potential opportunities in this stock.

Support and Resistance Levels:

Immediate support is observed around 765.43, aligning closely with the Classic Pivot S1. Below this, the stock may find further support near 701.22 and 593.22.

Resistance levels are likely to be found at 873.43, with potential further resistance at 917.22 and 1025.22 based on Classic Pivot R1, R2, and R3.

Technical Indicators:

MACD is negative, signaling bearish momentum.

RSI is at 36.38, suggesting the stock is nearing oversold conditions, which could signal a potential rebound.

ADX at 12.29 indicates a weak trend, suggesting that the market is currently lacking direction.

Stochastic %K and Stochastic RSI are both very low, pointing to potential oversold conditions and possible reversal.

Commodity Channel Index and Williams Percent Range are also in the oversold zone, confirming the bearish sentiment.

The Awesome Oscillator and Bull Bear Power are negative, reinforcing the current downtrend.

Moving Averages:

The stock is trading below its short-term Exponential Moving Averages (EMA) and Simple Moving Averages (SMA), including the 10, 20, and 30-period averages, indicating a bearish trend. However, the price is still above the longer-term 200-day EMA and SMA, suggesting long-term support.

The Hull Moving Average is at 758.01, which aligns closely with current support levels.

Overall, the stock appears to be in a bearish phase with potential support around 765.43. However, the oversold indicators suggest that a price reversal could be imminent. Traders should watch these support levels closely for potential buying opportunities or signs of trend reversal.







 

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