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. Kesoram Industries Limited (KESORAMIND) is currently trading at 216.58, positioned 5.70% below its 52-week high of 229.66, achieved on September 27, 2024, while showing a substantial 203.76% increase from its 52-week low of 71.30 on October 26, 2023. The stock is demonstrating indecision, as indicated by the recent Doji and Spinning Top candlestick patterns, both reflecting uncertainty in market direction.
From a technical perspective, the Average Directional Index (ADX) is at 23.22, suggesting a weak trend strength, while the Relative Strength Index (RSI) is hovering around 47.76, indicating the stock is in neutral territory. The Stochastic %K is at 22.42, suggesting potential oversold conditions. Meanwhile, the MACD level at 0.5 points to a bullish bias, but momentum has dipped, with a value of -11.73 signaling a potential reversal.
Analyzing the moving averages, the stock is trading just below key levels, including the 10-day and 20-day Exponential Moving Averages (EMAs) at 218.15 and 218.41, respectively. A break above these levels could indicate a bullish trend. Conversely, if it falls below the 50-day EMA at 214.77, it may signal a downward trend.
Support levels are identified around the Classic Pivot S1 at 209.49 and the Fibonacci Pivot S1 at 210.19, while resistance can be found near the Classic Pivot R1 at 234.07 and the Woodie Pivot R1 at 237.29. The stock's volatility is indicated by an Average True Range (ATR) of 17.35, highlighting potential price fluctuations. Given these observations, traders should watch for a decisive breakout above resistance or a drop below support for potential trading opportunities.
Visit My YouTube Channels for More Content:.
Channel 1 :
ParthaKuchana : For video tutorials on tech, career advice, industry insights, global military tech.
Youtube Channel Link :
View Channel
Youtube Channel Subscription Link : Mention channel subscription link :
Subscribe
Channel 2 :
Partha Kuchana - Finance: For in-depth stock market analysis, technical and fundamental analysis of stocks, investment ideas, and tips.
Youtube Channel Link :
View Channel
Youtube Channel Subscription Link : Mention channel subscription link :
Subscribe
Channel 3 :
Partha Kuchana - Stock Analysis : For in-depth stock market analysis, technical and fundamental analysis of stocks, investment ideas, and tips.
Youtube Channel Link :
View Channel
Youtube Channel Subscription Link : Mention channel subscription link :
Subscribe
Follow me on X :
@ParthaKuchana
Join my Telegram Channel :
ParthaKuchana