Ksb Limited (KSB) Stock - Complete Technical Analysis - Dec 16, 2024

Is KSB Limited Ready for a Bounce Technical Analysis & Key Levels

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.

Web-Specific Analysis for KSB Limited (KSB)

Price Insights:

The stock is 26.01% below its 52-week high of 1060 and 23.62% above the 52-week low of 634.4.

Recent declines in the last five days suggest bearish pressure with a close near the day's lows.

Indicator Analysis:

Momentum: At -47.8, reflects declining price momentum; traders should watch for any signs of recovery.

Williams %R: At -95.97, deep in the oversold zone, aligning with RSI and Stochastic RSI.

Ultimate Oscillator: At 36.28, indicates moderate bearish sentiment.

Pivot Levels:

Classic S1: 786.73 (immediate support).

Classic R1: 867.68 (initial resistance).

A break below 786 could intensify selling pressure towards 741, while a rise above 822 signals a bullish turnaround.

Moving Averages Analysis:

SMA/EMA Trends:

SMA (200) and EMA (200) near 880-838 levels remain key resistance zones.

Stock is trading below most short and long-term averages, reinforcing bearish sentiment.

Volatility & Gaps:

The bearish gap formed on Dec 12 and Dec 13 needs to be filled for confidence in upward momentum.

ATR indicates moderate volatility, favoring range-bound trading for now.

Actionable Insights:

Upside Potential: Breaking 822 could push the stock towards 867 and higher resistance levels.

Downside Risk: Falling below 741 could trigger a deeper correction.

Recommendation:

Monitor closely for price action near 741-770 levels. Indicators suggest oversold conditions, and the stock may witness a technical bounce. Short-term traders can take positions with tight stop-losses, while long-term investors may wait for stronger bullish signals.