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Technicals for The Bombay Burmah Trading Corporation, Limited
By MusingTheNews
2025-05-30 20:27
Overall Technical outlook
Price Summary
On 2025-05-30, The Bombay Burmah Trading Corporation, Limited's stock began at 2039.0, peaked at 2041.9, declined to 1990.3, and ended the day -0.88% lower at 2021.0, with 40087 shares traded. The stock reached its highest price of 2884.9 and lowest price of 1374.0 over the last 52 weeks.
Technicals
Support and Resistance: The current price of 2021.0 for BBTC finds support at 1947.9 and resistance at 2120.65. These levels define a range in which the price might oscillate, with 1947.9 as a potential support and 2120.65 as a resistance level. Support/Resistance for BBTC
Aroon: The current reading of the AROON is neutral for BBTC, with no clear signals for an upward or downward trend. This indicates that the market may be in a state of uncertainty, with no dominant force driving the direction. Aroon chart for The Bombay Burmah Trading Corporation, Limited
Bol. Bands: The current state of the BOLL BANDS is neutral, offering no clear signals of movement in either direction. This suggests a potential pause in market activity, with no strong trend emerging at the moment. Bolinger Bands chart for The Bombay Burmah Trading Corporation, Limited
Parabolic SAR: The PSAR continues to be bullish for BBTC, 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. Parabolic Stop and Reverse chart for The Bombay Burmah Trading Corporation, Limited
Stochastic: The stochastic indicator is in a bullish phase, as the K-line is above the D-line and the 80 mark. This setup suggests strong upward momentum, implying that BBTC may continue to experience gains. Investors may consider this a positive signal for continued market growth. Stochastic chart for The Bombay Burmah Trading Corporation, Limited
Tripple Moving Agerage: The Tripple MOVING AVG is neutral, showing no definitive signals of a trend either upward or downward. This neutral stance indicates a period of market indecision, where the direction is unclear. Tripple SMA chart for The Bombay Burmah Trading Corporation, Limited
In order to draw meaningful inferences from a company's technical data, it is essential to first consider its fundamentals. This includes reviewing financial metrics like revenue, profit margins, and debt-to-equity ratios. Additionally, understanding the broader industry landscape, including market trends and competitive pressures, is crucial. By integrating these insights with the company's technical performance, such as stock price fluctuations and trading volume, one can make more informed investment decisions.
DISCLAIMER: We provide information and our musings based on events, but nothing on this site can be considered professional advice of any kind.
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