K.P.R. Mill Limited (KPRMILL) Stock - Complete Technical Analysis - Nov 19, 2024

K.P.R. Mill (KPRMILL) Stock Technical Analysis: Key Support & Resistance Levels Nov 2024 Update

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. K.P.R. Mill Limited (KPRMILL) stock is currently trading at 932.10, about 11.48% below its 52-week high of 1053.00, and 31.28% above its 52-week low of 710.00, signaling a steady upward trend from the lower levels. Technical indicators show a mixed signal: while the Average Directional Index (ADX) is at a relatively low level, suggesting a lack of strong directional trend, the RSI is at 52.98, showing neutral momentum, meaning the stock could go either way in the near term. The MACD is negative, suggesting a weak bearish bias, but the Stochastic RSI and CCI show neutral to positive momentum, indicating potential upward movement.

The short-term exponential moving averages (EMAs) and simple moving averages (SMAs) point to mild bullish momentum, with the 10-period and 20-period EMAs indicating positive slopes. However, the longer-term moving averages, particularly the 100-period and 200-period, suggest resistance at higher levels. Support is expected around the 869.6 and 880.97 zones, while resistance is likely near 992.85 and 1051.3. A significant move above the resistance could propel the stock toward its 52-week high, but a drop below support levels could lead to further declines.

The stocks volatility is higher than average, with an ATR above 600, which indicates potential for sharp price movements. Traders should watch for any breakout above resistance or breakdown below support for clearer directional movement.