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Technicals for Vedant Fashions Limited
By MusingTheNews
2025-05-30 21:02
Overall Technical outlook
Price Summary
Vedant Fashions Limited's stock opened at 793.4 on 2025-05-30, surged to 807.1, dropped to 789.5, and ended 0.49% up at 797.3, with 287604 shares traded. The stock's peak price over the last 52 weeks is 1434.2, with the lowest being 723.05. The expected price range is between 800.0 and 1332.0, with a mean anticipated price of 950.6667, according to 9 analysts.
Technicals
Support and Resistance: The price for MANYAVAR is 797.3, with support at 751.2 and resistance at 798.2. This suggests a range where 751.2 acts as a base, preventing declines, and 798.2 caps gains, defining key trading levels. Support/Resistance for MANYAVAR
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 Vedant Fashions Limited
Bol. Bands: The asset's price remains above the upper Bollinger Band, reflecting strong upward momentum since its previous move. This situation suggests that the asset could be overbought, with traders potentially seeing this as a sign of ongoing strength. However, the prolonged position above the band could also indicate that a correction or reversal is likely in the near future. Bolinger Bands chart for Vedant Fashions Limited
Parabolic SAR: The PSAR remains bullish, establishing a key support level that could help uphold the market's upward trajectory. This persistent bullish outlook suggests that the market may continue to rise, with the support providing a foundation for further gains. Parabolic Stop and Reverse chart for Vedant Fashions Limited
Stochastic: The stochastic indicator for MANYAVAR reflects a bullish outlook, with the K-line positioned above the D-line and surpassing the 80 mark. This setup suggests strong upward momentum, implying that the market may continue to rise. Investors may interpret this as a positive signal for further gains. Stochastic chart for Vedant Fashions Limited
Tripple Moving Agerage: The Tripple MOVING AVG is currently in a neutral position for Vedant Fashions 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 Vedant Fashions Limited
Analyzing the technical indicators of a company, such as stock price and trading volume, requires first understanding its fundamentals. These fundamentals include profitability, growth potential, and market position. Furthermore, knowing the broader industry trends and competitive landscape provides critical context. When both the company's internal data and the external environment are considered, it allows for more meaningful conclusions about the company's technical performance and future trajectory.
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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