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.
Today, KRBL Limited's stock is trading at 286.90, reflecting a notable 27.37% decline from its 52-week high of 395.0, reached on October 11, 2023. The current price is 11.14% above its 52-week low of 258.15, which occurred on June 4, 2024.
Recent trading activity reveals a potential bullish reversal pattern, identified as a Bullish Harami, alongside a spinning top, indicating market indecision. This pattern emerged after the stock opened at 285.90 today, with a high of 289.45 and a low of 284.55, closing slightly higher at 286.90. The last five trading sessions showed significant price fluctuations, highlighting the stock's volatility, with an Average True Range (ATR) of 47.86.
Support levels are evident around 282.17 and 290.98, while resistance is seen at 310.12 and beyond, with recent price movements suggesting a possible test of these levels. Notably, the Average Directional Index (ADX) indicates a weak trend, while the RSI indicates oversold conditions, suggesting a potential upward reversal. Furthermore, the MACD shows a bearish crossover, necessitating careful observation for bullish confirmation in the near term.
Overall, traders should watch for further price movements around key support and resistance levels. A decisive break above 290 could trigger a bullish sentiment, while a drop below 282 may signal further downside.
KRBL Limited: Bullish Harami Signals Possible Reversal Technical Analysis
Explore KRBL Limited's stock analysis as we uncover key support and resistance levels, along with recent bullish patterns indicating potential price reversals. Learn about important technical indicators like MACD, RSI, and more. Stay updated on the latest trading trends and make informed investment decisions
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KRBL Limited shows signs of reversal with a Bullish Harami pattern. Watch for key levels at 290 and 282 KRBL StockMarket TradingInsights
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