Ksb Limited (KSB) Stock - Complete Technical Analysis - Sep 19, 2024

KSB Limited Stock Analysis Key Support & Resistance Levels September 2024

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. KSB Limited (KSB) is currently trading at 882, which is 16.8% below its 52-week high of 1,060 and 63.4% above its 52-week low of 540. The stock is showing signs of indecision, as evidenced by the recent Doji and Spinning Top patterns. These patterns suggest that the market is uncertain about the stock's next move.

Looking at technical indicators, the ADX is low, indicating a weak trend, while the RSI is in the neutral zone, pointing to a balanced market sentiment. The Stochastic %K and Williams %R suggest the stock may be in an oversold condition, potentially signaling a reversal or consolidation phase. The MACD is negative, which could imply bearish momentum, but the Awesome Oscillator and Commodity Channel Index are also bearish, reinforcing the downside risk.

Support levels are likely around 860 and 840, with resistance seen at 900 and 920. The current price being below most of its moving averages suggests a bearish bias in the near term. Traders should watch for a breakout from the current consolidation range to gauge the next direction of the stock.