Overall Technical outlook

Price Summary

The Phoenix Mills Limited's stock rose 3.04% today, marking a fantastic performance in the market.
On 2026-03-02, PHOENIXLTD's stock began at 1600.0, peaked at 1653.0, dipped to 1600.0, and closed up 3.04% at 1648.6, with a volume of 425763 shares.
The highest price the stock achieved in the past 52 weeks is 1950.8, while the lowest price it saw is 1417.3.
PHOENIXLTD's future price is expected to lie between 1450.0 and 2307.0, with an average expectation of 1921.1666, as per the recommendations of 18 analysts.

Technicals

Support and Resistance: The current price of 1648.6 is supported at 1651.8, with resistance at 1651.8. This suggests that the price for PHOENIXLTD might remain between these levels, where 1651.8 acts as a floor and 1651.8 as a ceiling in the market.
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Support/Resistance for PHOENIXLTD


Aroon: Aroon's bearish trend remains intact, with Aroon Down consistently at the 100 level. This ongoing downward momentum requires additional analysis using other indicators to assess its potential future effects.
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Aroon chart for The Phoenix Mills Limited


Bol. Bands: Since the last move, the price has remained below the lower Bollinger Band, indicating a persistent downward trend. This position suggests that PHOENIXLTD might be oversold, with the possibility of continued bearish pressure. The sustained stay below the band highlights ongoing negative momentum, making it a key area for traders to watch for potential reversals or further declines in the market.
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Bolinger Bands chart for The Phoenix Mills Limited


Parabolic SAR: The PSAR continues to signal a bearish outlook, establishing a resistance level that could act as a ceiling for upward trends. This resistance suggests that the market may struggle to overcome bearish forces, keeping prices under pressure.
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Parabolic Stop and Reverse chart for The Phoenix Mills Limited


Stochastic: The current state of the STOCHASTIC is neutral, with no clear trend direction indicated. This lack of directional bias suggests that the market may be in a phase of consolidation or uncertainty.
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Stochastic chart for The Phoenix Mills Limited


Tripple Moving Agerage: The current reading of the Tripple MOVING AVG indicator suggests a neutral stance, with no clear signals indicating an upward or downward direction. This lack of directional bias suggests the market may be in a period of consolidation or uncertainty.
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Tripple SMA chart for The Phoenix Mills Limited


When evaluating a company's technical data, such as stock price charts or volume, it is essential to first consider its fundamentals. These fundamentals include financial stability, growth potential, and competitive advantages. Additionally, understanding the broader industry in which the company operates offers context that helps to make sense of technical patterns. By examining both the company's internal strengths and external environment, one can make more accurate and meaningful conclusions about its stock performance.