Bharat Rasayan Limited (BHARATRAS) Stock - Complete Technical Analysis - Nov 14, 2024

Bharat Rasayan Stock Analysis Technical Insights, Support & Resistance Levels BHARATRAS Analysis

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. Bharat Rasayan Limited (BHARATRAS) stock is currently trading at 10,863, significantly below its 52-week high of 14,284.5. Over the past five days, the stock has seen volatility, with notable price fluctuations observed on November 14, where it traded between 11,350 and 11,424 before closing at 10,863. This price action indicates potential short-term resistance between 11,30011,400 and immediate support near the 10,511.60 level.

The stock has recently been under some bearish pressure, with key indicators like the MACD showing negative momentum. The RSI sits at 43.85, signaling a neutral stance, while the ADX of 20.14 reflects a lack of strong directional movement. Traders should watch for price action near key levels, as support exists around 10,000, and the price could face resistance between 11,30011,400.

With the ATR fluctuating between 2,000 and 2,500, volatility remains high, making it important for traders to remain cautious and watch for potential breakouts or reversals. Short-term traders may consider taking action near these support and resistance zones, while long-term investors could wait for more stable trends to develop.