Schneider Electric Infrastructure Limited (SCHNEIDER) Stock - Complete Technical Analysis - Nov 21, 2024

Schneider Electric Infrastructure Stock Analysis Technical Insights & Key Levels SCHNEIDER NSE

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. Schneider Electric Infrastructure Limited (SCHNEIDER) is facing some short-term turbulence, with its price currently trading at 756, a noticeable dip from its 52-week high of 980. Despite the recent price decline of 22.89%, it remains 131.09% above its 52-week low, reflecting strong long-term growth potential.

The technical picture is a mixed one. The stock is experiencing a slight bearish phase, as shown by the MACD and Awesome Oscillator. The Relative Strength Index (RSI) remains neutral, signaling no immediate overbought or oversold conditions. However, the Average Directional Index (ADX) is low, pointing to a weak trend at the moment, indicating that the stock is caught in a consolidation phase.

Traders should watch the support level at 723, which held up in recent sessions, and the resistance at 760, aligned with the 20-day exponential moving average. If the price breaks above the resistance, it could signal a buying opportunity, with the next resistance level at 790. Conversely, a drop below 723 may see the stock retesting lower levels.

Volatility is still high, as shown by the ATR, which signals that large price swings could occur. Investors should look for clearer trend confirmation before making significant moves. A cautious approach with careful monitoring of these key levels is recommended for traders looking for short-term opportunities or those waiting to enter at more favorable conditions.