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Anand Rathi Wealth Limited (ANANDRATHI) Stock - Complete Technical Analysis - Oct 17, 2024
Anand Rathi Wealth Ltd Stock Analysis Key Support & Resistance Trading 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. Anand Rathi Wealth Limited (ANANDRATHI) is currently priced at 4,078, showing resilience with a strong upward trend. The stock remains 5.16% below its 52-week high of 4,299.95, with significant gains of 134.39% over its 52-week low of 1,739.9. From a technical perspective, indicators like MACD and Awesome Oscillator highlight ongoing bullish momentum, while the RSI of 59.78 shows the stock has room to climb without being overbought. However, the ADX at 22.44 indicates a weak trend, signaling the need for caution as volatility may increase. The formation of an inside candle pattern on October 11, 2024, could lead to a breakout or reversal, making the current price range crucial for future direction. Key support levels lie near 3,900, with strong resistance around 4,300. Exponential moving averages show continued bullishness, but stochastic indicators suggest possible short-term consolidation before the next move. Investors should keep an eye on volume trends and any potential volatility as the stock approaches resistance zones.
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