KEC International Limited (KEC) Stock - Complete Technical Analysis - Oct 25, 2024

KEC International Stock Analysis: Is a Reversal on the Horizon NSE Technical Analysis by Partha K

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. KEC International is experiencing significant selling pressure, with the stock closing at 895, roughly 16% below its recent 52-week high. Over the last week, prices have steadily declined from 990 to 895, showing a persistent downtrend. Technical indicators back this bearish sentiment, as the stock is trading below its short-term EMAs and SMAs. This weak momentum is highlighted by the RSI at 32, indicating oversold conditions which might attract buyers soon, though the low ADX hints at a lack of a strong trend. Both the MACD and Momentum remain negative, underlining the ongoing downward pressure.

Additionally, the stochastic indicators, currently near zero, suggest oversold levels, as confirmed by the Williams %R at -90. The Awesome Oscillator and Bull Bear Power also reflect consistent selling pressure. This bearish bias could mean continued declines in the short term unless a clear reversal pattern emerges. Traders should keep an eye on support near 861, a level which could hold if buying interest re-emerges. Conversely, resistance is likely around 950, near recent pivot points. Investors might look for stability in these ranges for potential recovery moves.