Quick Heal Technologies Limited (QUICKHEAL) Stock - Complete Technical Analysis - Oct 31, 2024

Quick Heal Stock Analysis: Is a Rebound Possible Support, Resistance & Key Indicators

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.

At 599.65, Quick Heal Technologies Limited (QUICKHEAL) has shown signs of downward pressure with a Bearish Engulfing pattern, indicating possible continued weakness. The RSI is in the oversold range, and ADX indicates a moderate trend, pointing to a potential consolidation phase. The MACD remains bearish, reinforcing that the stock is in a cautious phase, while the CCI and Williams %R also lean bearish, suggesting limited buying strength.

Key support is visible near 595, with stronger long-term support at 548. On the resistance side, 630 and 684 mark important zones based on recent moving averages. If Quick Heal breaches the 630 level with strong buying volume, a short-term trend reversal could follow. The ATR also highlights moderate volatility, so traders may anticipate swings around the current price. Overall, a break above 682 could signify a bullish reversal, while a fall below 595 might push the stock closer to the long-term support of 545. Strategic entries and exits around these levels could benefit those watching for momentum shifts.