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. In this technical analysis, we focus on Supreme Infrastructure India Limited, currently trading at 93. The stock is positioned 40.18% below its 52-week high of 117.02, but notably, it has rallied 209.73% from its 52-week low of 22.6. The Relative Strength Index indicates that the stock is nearing overbought territory, suggesting a potential pullback.
Key support levels can be identified around 82, while resistance may be found at approximately 100. The MACD is showing bullish momentum, and the Awesome Oscillator confirms a strong buying interest. The Average Directional Index suggests a trend that is gaining strength, which could favor continued upward movement. However, traders should monitor the RSI and other indicators for signs of a potential reversal as the stock approaches resistance.
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