Granules India Limited (GRANULES) Stock - Complete Technical Analysis - Dec 17, 2024

Granules India Stock Analysis Key Levels and Trend Insights GRANULES Technical Analysis

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.

Granules India Limited (GRANULES) is trading at 584.10, which is 18.99% below its 52-week high of 721.0 and 59.83% above its 52-week low of 365.45. In the last few days, the stock has been volatile, with a Doji candlestick formation on December 16, 2024, reflecting indecision in the market. The stock is in a neutral phase as indicated by the Relative Strength Index (RSI) at 53.95 and a low Average Directional Index (ADX) of 12. This suggests weak trend strength, where neither the bulls nor the bears are in control.

The price is supported by the 10-day and 20-day Simple Moving Averages (SMA), but the 100-day and 200-day SMAs are lower, suggesting potential resistance at these levels. The Awesome Oscillator is also positive at 15.62, supporting the potential for upward movement, but the MACD, while positive, doesn't indicate a strong bullish trend. On the downside, the support range lies near the 538 and 539 levels, while resistance is seen at 615 to 645.

The stocks volatility, as indicated by the Average True Range (ATR), is moderate, which has been consistent with recent price fluctuations. Traders should monitor these key levels closely for a potential breakout or breakdown.

In conclusion, Granules India Limited is at a critical juncture with mixed signals. It could either consolidate or show a breakout depending on how it reacts to key support and resistance levels. Investors and traders should keep an eye on these levels for potential trading opportunities.