Bosch Limited (BOSCHLTD) Stock - Complete Technical Analysis - Nov 07, 2024

"Bosch Limited (BOSCHLTD) Stock Technical Analysis: Key Support, Resistance & Price Trends"

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. Bosch Limited (BOSCHLTD) is showing some consolidation after a brief period of price fluctuation. The stock is trading at 35,370 INR, which is 9.51% lower than its 52-week high, and has gained 83.12% since its 52-week low, signaling strong recovery.

Support and Resistance: The key levels to watch are:

Support at 35,200 INR, where recent price lows are clustered.

Resistance near 36,000 INR, a level that has seen price rejection in the past few sessions.

Indicators:

The RSI of 43.55 shows a neutral stance, not indicating overbought or oversold conditions, but signaling potential for range-bound movement.

MACD is negative, showing bearish momentum, but this could change with a strong rally towards resistance levels.

ADX at 27.06 indicates weak trend strength, suggesting no clear directionality at the moment.

Moving Averages:

10-day, 20-day, and 50-day EMAs show short-term bullish sentiment as the stock is trading above these moving averages. However, 100-day and 200-day EMAs remain higher, indicating caution for long-term holders.

Volatility: The ATR of 1500 INR indicates moderate volatility, which should be accounted for by traders when managing risk.

Pivot Levels:

Classic Pivot Point is at 36,344 INR.

Fibonacci Resistance is near 37,974 INR, and Fibonacci Support is at 34,714 INR.

Conclusion: Bosch is in a consolidation phase, with potential for a range-bound move between support at 35,200 INR and resistance around 36,000 INR. Traders should monitor for breakouts above resistance or breakdowns below support for clearer directional movements.