Procter & Gamble Health Limited (PGHL) Stock - Complete Technical Analysis - Oct 25, 2024

Procter & Gamble Health Limited Stock Analysis: Support & Resistance Levels Unveiled

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's analysis of Procter & Gamble Health Limited reveals the stock currently trading at 4987, which is approximately 11.62% below the 52-week high of 5642.85 reached on February 12, 2024. This high indicates a resistance level, while the stock is about 7.56% above its 52-week low of 4636.55, providing a support threshold.

Recent price actions show volatility, with trading ranges between highs of 5091.90 and lows of 4887.05, indicating fluctuating market sentiment. The ADX suggests weak trend strength, and the RSI is in the lower range, indicating oversold conditions. Stochastic indicators also reflect this sentiment, which may signal a potential bullish reversal.

While the stock currently trades below its short-term moving averages, the longer-term indicators hint at a potential recovery if immediate resistance can be broken. Traders should monitor support around 4887 and resistance between 5100 and 5200. A break above these levels could suggest a bullish trend, while a drop below support might lead to further declines. Given the current market indicators, a cautious trading approach is advised, focusing on confirmation of upward movement before entering long positions.