Pricol Limited (PRICOLLTD) Stock - Complete Technical Analysis - Oct 28, 2024

Pricol Limited Stock Technical Analysis: Navigating Support and Resistance Levels

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. In this analysis, Pricol Limited is currently priced at 444. Recent price trends indicate a bearish sentiment, as the stock has shown sudden price drops recently. The last week's trading range suggests a potential resistance at 461 and support at 438, making these levels critical for traders to monitor closely. Technical indicators like MACD and RSI suggest the stock is in a bearish phase, with the RSI in oversold territory, hinting at potential reversals.

Examining the stocks performance relative to its 52-week range shows it trading 18.14% below the recent high of 542.5 and 42.84% above the low of 310.9. The Average Directional Index indicates a strong trend, yet the momentum is leaning negative. This reflects the need for caution as traders should prepare for volatility, as indicated by the Average True Range. For anyone looking to enter or exit positions in Pricol Limited, keeping an eye on the defined support and resistance levels will be crucial in navigating this stock's potential movements in the near term.