Keystone Realtors Limited (RUSTOMJEE) Stock - Complete Technical Analysis - Dec 03, 2024

Keystone Realtors (RUSTOMJEE) Technical Analysis Price Trends, Support & Resistance Levels Decem

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. Keystone Realtors Limited (RUSTOMJEE) has been trading near 714.75, reflecting some indecision in the market. The stock is 10.77% below its 52-week high of 801.05, and 27.40% above its 52-week low of 561.05, indicating its current range.

A significant technical feature here is the Spinning Top pattern, which points to a lack of clear direction, making the stock susceptible to potential price reversals. Although there was a Bullish Harami pattern recently, suggesting an upward trend, the overall momentum is lackluster. The Relative Strength Index (RSI) is in neutral territory, while the Average Directional Index (ADX) is at 17.46, indicating that the current trend strength is weak.

The stock's ATR value of 19.09 signals moderate volatility, and the Exponential Moving Averages (EMAs) are mostly flat, with the 10-day EMA at 714.44, the 20-day EMA at 715.71, and the 50-day EMA at 715.31. The stock remains in a narrow trading range, and for a potential upward move, it would need to break the resistance around 730. Conversely, if the price fails to hold above 700, it may test lower levels, with 670 being a possible downside target.

Investors should monitor the price near key levels for signs of breakout or reversal. Watch for a price move above 730 to confirm bullish momentum or a drop below 700 to signal further weakness.