Ksb Limited (KSB) Stock - Complete Technical Analysis - Sep 06, 2024

KSB Limited Stock Analysis: Key Support, Resistance,

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.

KSB Limited's stock is currently trading at 896, reflecting a significant dip of about 15.5% from its 52-week high of 1060, while it's up approximately 70.6% from its 52-week low of 525. Technically, the stock has encountered resistance around the 915 to 924 range, with key support observed near 893. Indicators reveal that the Average Directional Index (ADX) is low, indicating weak trend strength. The Relative Strength Index (RSI) and Stochastic %K suggest that the stock is nearing oversold conditions, which might indicate a potential reversal or consolidation phase. The MACD is showing a negative value, signaling a bearish trend, but its current level could also indicate that a bottom might be forming. The Exponential Moving Averages (EMA) are showing a bearish crossover, with the short-term EMAs trading below the longer-term ones, further reinforcing the current downtrend. On the other hand, the Simple Moving Averages (SMA) and the Hull Moving Average suggest some potential support around the 887 to 895 zone. The volume-weighted moving average and Ichimoku base line support the current resistance and support levels. Given the current technical setup and the recent inside candle pattern, the stock might face volatility in the near term, with potential movements likely around the established pivot levels.