Overall Technical outlook

Price Summary

On 2026-03-02, Shree Renuka Sugars Limited's shares started at 23.1, peaked at 24.04, bottomed out at 23.05, and ended 1.65% up at 23.48, with 5712093 shares traded.
In the past year, the highest stock price was 34.66, and the lowest was 23.05.

Technicals

Support and Resistance: The price for RENUKA at 23.48 finds support at 23.23 and resistance at 24.24. This suggests a trading range, where 23.23 serves as a support level and 24.24 acts as a resistance point, potentially capping further gains.
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Support/Resistance for RENUKA


Aroon: The AROON is currently in a neutral position, offering no clear indication of movement up or down. This suggests that the market may be experiencing a period of equilibrium, with no strong trend in play.
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Aroon chart for Shree Renuka Sugars Limited


Bol. Bands: The BOLL BANDS is currently neutral, offering no clear guidance on market direction. This suggests that the market may be in a state of pause, with no strong trend emerging.
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Bolinger Bands chart for Shree Renuka Sugars Limited


Parabolic SAR: The PSAR continues to be bullish for RENUKA, setting a strong support level that could sustain the ongoing upward trend. This level of support indicates that the market is likely to continue its positive trajectory, offering a base for continued bullish movement.
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Parabolic Stop and Reverse chart for Shree Renuka Sugars Limited


Stochastic: The STOCHASTIC is currently neutral, offering no clear guidance on market direction. This suggests that the market may be in a state of pause, with no strong trend emerging.
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Stochastic chart for Shree Renuka Sugars Limited


Tripple Moving Agerage: A bullish trend is indicated by the alignment of the 20-50-100 period moving averages for RENUKA, but this strength is tempered by the slopes of the faster averages, which hint at a possible reversal. The overall trend remains positive, yet the weakening signals from the shorter-term averages suggest that a change in direction may be imminent.
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Tripple SMA chart for Shree Renuka Sugars Limited


To properly assess the technical data of a company, it's important to first look at its fundamentals, such as its earnings, growth potential, and management effectiveness. Equally, understanding the industry trends, competition, and external economic factors that influence the company is vital. This holistic view helps draw meaningful conclusions about the company's technical performance, allowing investors to better gauge its stock price behavior, volatility, and market trends.