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Technicals for Century Plyboards (India) Limited
By MusingTheNews
2025-05-30 20:29
Overall Technical outlook
Price Summary
Century Plyboards (India) Limited's stock saw a -3.0% tumble, showcasing an mediocre market day. Century Plyboards (India) Limited's stock started the year at 802.0, climbed to a high of 808.0, fell to 775.0, and closed -3.0% down at 777.9, with 57169 shares traded on 2025-05-30. During the past 52 weeks, the highest stock price was 916.5, and the lowest was 649.35. The price outlook for CENTURYPLY is between 750.0 and 1058.0, with an average expectation of 871.7368, as estimated by 19 analysts.
Technicals
Support and Resistance: The current price is 777.9, with support at 752.75 and resistance at 799.15. This range suggests that the price might move between these levels, with 752.75 offering support and 799.15 capping further gains for Century Plyboards (India) Limited. Support/Resistance for CENTURYPLY
Aroon: Aroon's bullish trend remains intact, with Aroon Up at the 100 level. This indicates strong market momentum, but a more comprehensive analysis using other indicators is required to assess the trend's strength and potential for continuation. Aroon chart for Century Plyboards (India) Limited
Bol. Bands: The price moving below the upper Bollinger Band could be a precursor to a decline. This signal might suggest that the asset is overbought and that a correction is on the horizon. Traders often use this indicator to anticipate potential reversals, as it signals a weakening of bullish momentum, making it a critical point for decision-making in trading strategies. Bolinger Bands chart for Century Plyboards (India) Limited
Parabolic SAR: The PSAR's reversal from bearish to bullish suggests a possible trend change. When viewed in conjunction with other indicators, this shift could indicate a strong bullish signal for CENTURYPLY. Investors should consider this as a potential opportunity, particularly if the broader market trends support this reversal. Parabolic Stop and Reverse chart for Century Plyboards (India) Limited
Stochastic: The K-line has fallen below the D-line on the stochastic indicator while staying above 80, suggesting that a bearish price move might be beginning. This pattern indicates that the market may be losing upward momentum, possibly leading to a reversal. Investors should remain cautious and look for additional bearish confirmation. Stochastic chart for Century Plyboards (India) Limited
Tripple Moving Agerage: The Tripple MOVING AVG is showing a neutral stance, not indicating a clear upward or downward trend for Century Plyboards (India) Limited. This suggests a period of market balance, where neither side is showing dominance. Tripple SMA chart for Century Plyboards (India) Limited
Understanding a company's fundamentals—such as revenue, earnings, and debt levels—provides a solid foundation for analyzing its technical performance. Similarly, knowledge of the industry, including key competitors and market trends, is critical. Combining this fundamental analysis with technical indicators like stock charts, moving averages, and trading volume enables a more comprehensive approach to evaluating the company's overall health and potential future performance.
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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