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Technicals for Patanjali Foods Limited
By MusingTheNews
2025-07-16 20:49
Overall Technical outlook
Price Summary
Patanjali Foods Limited's stock jumped 3.32% today, marking a remarkable performance in the market. On 2025-07-15, Patanjali Foods Limited's shares started at 1688.5, peaked at 1752.3, bottomed out at 1672.0, and ended 3.32% up at 1744.5, with 1936413 shares traded. Over the past year, the stock's highest price was 2000.8, and its lowest was 1594.3. The future price of PATANJALI is anticipated to range from 2050.0 to 2243.0, with an expected mean price of 2116.0, according to the recommendations of 3 analysts.
Technicals
Support and Resistance: At 1744.5, the price is supported at 1718.6 and faces resistance at 1798.5. This range suggests that the price for PATANJALI might stay between these levels, with 1718.6 acting as a floor and 1798.5 as a ceiling. Support/Resistance for PATANJALI
Aroon: The continuation of Aroon's bullish trend, with Aroon Up holding at the 100 level, points to strong market momentum. However, to fully understand the trend's implications, it should be analyzed further in conjunction with other indicators. Aroon chart for Patanjali Foods Limited
Bol. Bands: In a bullish development, the current price has moved above the upper Bollinger Band in its latest advance. This breakout signals heightened buying pressure, driving the price beyond its usual range. Such a move is often viewed as an indicator of strong market momentum, potentially leading to further gains. Bolinger Bands chart for Patanjali Foods Limited
Parabolic SAR: The PSAR remains bullish, setting a strong support level that could underpin further upward movement. This persistent bullish outlook suggests that the market may continue its positive trajectory, with the established support acting as a safety net. Parabolic Stop and Reverse chart for Patanjali Foods Limited
Stochastic: The stochastic indicator is in a bullish position, with the K-line above both the D-line and the 80 level. This configuration suggests strong upward momentum, indicating that the market may continue its positive trend. Traders might view this as a sign of ongoing strength in the market. Stochastic chart for Patanjali Foods 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 Patanjali Foods Limited
A comprehensive approach to analyzing a company requires considering both its technical and fundamental aspects. The company's fundamentals, such as its earnings, growth prospects, and financial health, provide a strong foundation for understanding technical indicators. Additionally, examining the industry it operates in helps contextualize the company's position within the broader market. By integrating these factors, one can gain more valuable insights into the company's stock performance and potential investment opportunities.
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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