Anupam Rasayan India Limited (ANURAS) Stock - Complete Technical Analysis - Nov 12, 2024

"Anupam Rasayan Stock Analysis Key Support & Resistance Levels Partha Kuchana - Finance"

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. Currently, Anupam Rasayan is trading at 729, positioned near crucial support around 723 (20-day SMA) and resistance around 740 (50-day EMA). The ADX shows low trend strength, while the RSI at 48 reflects a lack of clear momentum. Observing recent price action, minor volatility with a tightening range signals potential consolidation. High values in the Stochastic RSI and %K indicate possible short-term pullback as the stock approaches overbought territory.

MACD remains below the signal line, reinforcing the need for caution among traders as the trend lacks upward strength. Awesome Oscillator shows minor bullishness, and CCI aligns with a neutral zone. A close above 741 could indicate breakout potential, while a fall below 726 might confirm downside risk. Pivot levels show R1 at 787 and S1 at 676, suggesting a balanced outlook. Traders should remain watchful for price gaps or shifts in volume as these could indicate renewed trend direction.