Anand Rathi Wealth Limited (ANANDRATHI) Stock - Complete Technical Analysis - Sep 27, 2024

Anand Rathi Wealth Stock Analysis Key Levels, MACD, RSI & Price Action Insights Partha Kuchana

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. Anand Rathi Wealth Limited (ANANDRATHI) is currently trading at 3,875, which is 9.88% below its 52-week high, and 134.69% above its 52-week low, reflecting a strong bullish trend over the past year. The stock shows a moderate trend strength, as indicated by the ADX, signaling a consolidation phase. The RSI suggests that the stock is neither overbought nor oversold, pointing towards a neutral momentum at the current price levels.

The MACD indicates mild bullish momentum, but the Awesome Oscillator and Momentum indicators reflect some weakness in the short-term, which might signal a potential pullback or consolidation. The Stochastic Oscillator shows that the stock is near mid-range, confirming the neutral trend, but with potential for volatility. The Williams Percent Range aligns with this, showing that ANANDRATHI is in a moderate trading range.

From a moving averages perspective, the stock is trading near its shorter-term averages, suggesting that it's hovering around key support and resistance zones. The key support level is around the 3,550 mark, and resistance is near 4,300, which coincides with the recent 52-week high. Traders should watch for breakouts or pullbacks from these levels. Additionally, the stock recently formed a spinning top candle, indicating indecision in the market, which could lead to a trend reversal or continuation depending on future price action.

Given its technical setup, ANANDRATHI could see more consolidation in the short term before the next major move. Traders may want to watch for any breakout above resistance or a dip below support for potential trading opportunities.