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Technicals for Chemplast Sanmar Limited
By MusingTheNews
2025-05-30 20:29
Overall Technical outlook
Price Summary
On 2025-05-30, Chemplast Sanmar Limited's stock started at 427.0, soared to 432.3, dropped to 421.45, and finished the day -0.6% down at 424.45, with a trading volume of 50673 shares. Over the previous 52 weeks, the stock reached a high of 621.5 and a low of 387.7. The future price of CHEMPLASTS is projected to range from 455.0 to 568.0, with an average expected price of 515.75, according to 4 analysts.
Technicals
Support and Resistance: The price for CHEMPLASTS is 424.45, with support at 410.4 and resistance at 446.15. This suggests a range where 410.4 acts as a base, preventing declines, and 446.15 caps gains, defining key trading levels. Support/Resistance for CHEMPLASTS
Aroon: The AROON is currently in a neutral position for Chemplast Sanmar Limited, offering no clear guidance on whether the market is likely to move up or down. This neutral stance suggests that further observation may be necessary before a trend becomes apparent. Aroon chart for Chemplast Sanmar Limited
Bol. Bands: The current state of the BOLL BANDS is neutral, providing no clear signals for either an upward or downward movement. This indicates that the market may be in a state of equilibrium, with no strong momentum in either direction. Bolinger Bands chart for Chemplast Sanmar Limited
Parabolic SAR: The PSAR for CHEMPLASTS continues to signal a bullish outlook, establishing a crucial support level that may help sustain the current upward momentum. This level of support suggests that the market is likely to continue trending higher, providing a foundation for ongoing bullish movement. Parabolic Stop and Reverse chart for Chemplast Sanmar Limited
Stochastic: The current reading of the STOCHASTIC is neutral, offering no clear signals for a movement in either direction. This suggests that the market may be in a holding pattern, with no dominant trend in place. Stochastic chart for Chemplast Sanmar Limited
Tripple Moving Agerage: The Tripple MOVING AVG is currently in a neutral position for Chemplast Sanmar Limited, offering no clear guidance on whether the market is likely to move up or down. This neutral stance suggests that further observation may be necessary before a trend becomes apparent. Tripple SMA chart for Chemplast Sanmar Limited
Before focusing on a company's technical data, such as stock price movements, it's essential to analyze its fundamentals. These include factors like profitability, cash flow, and debt management. Additionally, considering the broader industry landscape—including market trends, competition, and regulatory changes—offers deeper insights. This comprehensive approach allows for a more meaningful interpretation of the company's technical indicators, providing a clearer picture of its financial health and future prospects.
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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