Munjal Showa Limited (MUNJALSHOW) Stock - Complete Technical Analysis - Oct 04, 2024

Munjal Showa Stock Analysis Key Trading Levels and Insights

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. Munjal Showa Limited (MUNJALSHOW) is currently trading at 163.53, showing resilience just below the recent high of 211.9. The stock has experienced some volatility, particularly over the past few days, indicating a potential consolidation phase.

The Relative Strength Index (RSI) suggests that the stock is approaching neutral territory, while the Stochastic oscillator indicates that it may be oversold, pointing to a possible upward momentum. The MACD shows a slightly bearish trend, but the overall price action remains within a defined range.

Key support levels can be identified around 162 and 155, while resistance appears at 170 and 174. Traders should keep an eye on price action around these levels. A break above 170 may signal a continuation of bullish momentum, whereas a dip below 162 could lead to further downside risk. Overall, MUNJALSHOW presents an interesting opportunity for traders watching for potential rebounds in the context of the prevailing market dynamics.