SRF Limited (SRF) Stock - Complete Technical Analysis - Sep 25, 2024

SRF Limited Technical Analysis: Key Support & Resistance Levels Revealed

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.

Welcome to the technical analysis of SRF Limited stock. Currently, SRF is trading at 2,451.75, which places it approximately 9% below its 52-week high of 2,693.95, reached on May 3, 2024. The stock is also 17.75% above its 52-week low of 2,082.25, recorded on October 26, 2023.

Examining the momentum indicators, the MACD shows a bearish trend, indicating that selling pressure may persist. The RSI is hovering around the mid-level, suggesting that the stock is neither overbought nor oversold, but it could be approaching a critical support level. The Stochastic indicator is in the oversold territory, hinting at a potential price reversal if buying interest returns.

Looking at the moving averages, the price is currently trading below the shorter-term averages but remains above the longer-term averages, reflecting a mixed sentiment among traders. The Average Directional Index indicates a weak trend, suggesting that volatility is relatively low, which may present a cautious outlook for short-term traders.

Support levels are identified at around 2,437 and 2,410, while resistance can be expected at 2,545 and 2,580.

Overall, SRF Limited appears to be at a crossroads. Traders should watch for confirmation from the technical indicators, especially with the MACD and RSI, before making any trading decisions.