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Technicals for DCM Shriram Limited
By MusingTheNews
2025-05-30 20:31
Overall Technical outlook
Price Summary
DCM Shriram Limited's stock began trading at 1042.0 on 2025-05-29, soared to 1069.0, dipped to 1042.0, and finished the day 1.91% higher at 1061.9, with 93049 shares exchanged. During the past 52 weeks, the highest stock price was 1321.7, and the lowest was 903.3.
Technicals
Support and Resistance: The current price is 1061.9, with support at 1037.4 and resistance at 1084.85. This range suggests that the price might move between these levels, with 1037.4 offering support and 1084.85 capping further gains for DCM Shriram Limited. Support/Resistance for DCMSHRIRAM
Aroon: The AROON is in a neutral stance, with no clear signals for movement up or down. This neutral position indicates a potential period of consolidation or uncertainty in the market. Aroon chart for DCM Shriram Limited
Bol. Bands: The BOLL BANDS is showing a neutral stance, with no definitive indication of an upward or downward trend for DCMSHRIRAM. This neutral position suggests a period of indecision in the market, making it difficult to predict the next move. Bolinger Bands chart for DCM Shriram Limited
Parabolic SAR: The PSAR continues its bearish outlook, setting a key resistance level that could limit upward potential. This resistance suggests that the market may struggle to break higher, reflecting ongoing bearish pressure for DCMSHRIRAM. Parabolic Stop and Reverse chart for DCM Shriram Limited
Stochastic: The current state of the STOCHASTIC 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. Stochastic chart for DCM Shriram Limited
Tripple Moving Agerage: The 20, 50, and 100 moving averages are aligned, signaling a bullish trend. The upward slopes of these averages further indicate a mildly bullish sentiment overall, suggesting that the market is likely to experience a steady, gradual rise in value. While the upward momentum is present, it is expected to be moderate, reflecting a stable and cautiously optimistic market environment. Tripple SMA chart for DCM Shriram Limited
Before focusing on technical indicators like stock price and volume, it's important to consider a company's fundamentals. These include financial metrics such as profitability, revenue growth, and debt levels. Furthermore, understanding the industry landscape, including competition and consumer trends, provides essential context. By combining this fundamental analysis with technical data, investors can make more informed decisions and draw deeper conclusions about the company's potential for future growth and success.
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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