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.
Anant Raj Limited's recent price action suggests a potential trend reversal. The stock is up over 10% from its recent lows, and the current consolidation near 710 is a key inflection point. RSI at 54 indicates balance, while ADX at 19 shows the trend is weak, suggesting a possible sideways movement unless a breakout occurs. The MACD is bearish, but the narrowing gap hints at possible bullish divergence. EMA and SMA levels are tightly clustered around the current price, reinforcing the consolidation. Critical support lies near 690, while resistance stands at 713. Breaking above 713 could trigger a rally toward 752. The stock is 10% below its 52-week high, highlighting potential upside if bullish momentum strengthens. Traders should stay alert for breakouts or breakdowns from these levels.
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