KRBL Limited (KRBL) Stock - Complete Technical Analysis - Nov 13, 2024

KRBL Limited Technical Analysis: Key Support & Resistance Levels You Should Know

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. KRBL Limited's stock price currently shows signs of bearishness, trading near its lower support range of 267, which is just above the recent 52-week low. The RSI at 36.62 suggests oversold conditions, hinting that a reversal may be on the horizon if buyers enter at these levels. However, the negative MACD and Awesome Oscillator reflect ongoing bearish momentum, signaling caution for those considering immediate entries. The ADX value at 14.51 also highlights a weak trend strength, suggesting that neither bulls nor bears currently dominate.

On the price chart, KRBL is trading below key EMAs, with the nearest resistances around 280 and 300 levels, where past selloffs occurred. Moving averages like the 200-day SMA, currently at 301, further act as resistance, highlighting the need for significant bullish momentum to break through. Lower ATR levels imply reduced volatility, which may lead to a period of price consolidation or sideways movement in the near term. If KRBL breaks below its support at 265, further declines to 243 or lower could occur. Traders should monitor for a crossover in the momentum indicators and positive price action before confirming any potential reversal.