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Technicals for One97 Communications Limited
By MusingTheNews
2025-05-30 20:50
Overall Technical outlook
Price Summary
On 2025-05-30, One97 Communications Limited's stock opened at 881.0, reached a high of 895.35, dropped to a low of 880.0, and closed up 1.07% at 890.45, with a trading volume of 4249456 shares. Over the past 52 weeks, the stock reached a maximum price of 1020.9 and a minimum price of 339.85. According to 17 analysts, the price of PAYTM in the future is projected to be between 350.0 and 1260.0, with an average expected price of 837.35297.
Technicals
Support and Resistance: The current price is 890.45, with support at 850.7 and resistance at 895.95. This range suggests that the price might move between these levels, with 850.7 offering support and 895.95 capping further gains for One97 Communications Limited. Support/Resistance for PAYTM
Aroon: The Aroon indicator continues to show a bullish trend, with Aroon Up remaining at the 100 level. This suggests strong upward momentum, but the trend should be examined further using other indicators to confirm its strength and potential for continuation for PAYTM. Aroon chart for One97 Communications Limited
Bol. Bands: The BOLL BANDS is showing a neutral stance, not indicating a clear upward or downward trend for One97 Communications Limited. This suggests a period of market balance, where neither side is showing dominance. Bolinger Bands chart for One97 Communications Limited
Parabolic SAR: The PSAR continues its bullish outlook, reinforcing a crucial support level that may help sustain the current upward trend. This support suggests that the market is likely to continue climbing, with the bullish momentum remaining strong. Parabolic Stop and Reverse chart for One97 Communications Limited
Stochastic: The STOCHASTIC is currently neutral, showing no clear bias toward an upward or downward trend. This suggests that the market may be in a phase of indecision or consolidation. Stochastic chart for One97 Communications Limited
Tripple Moving Agerage: The 20, 50, and 100 period moving averages for PAYTM are aligned bearishly, indicating a downtrend. However, the slower SMAs are beginning to show signs of weakening, suggesting that the bearish momentum might be losing steam. This could indicate a potential pivot towards a bullish direction in the near future, as the market may be preparing for a trend reversal, moving away from the current downward trajectory. Tripple SMA chart for One97 Communications Limited
To derive valuable insights from a company's technical performance, it is essential to first understand its fundamentals. This includes its financial health, business model, and market share. Equally important is the industry context, such as competition, consumer demand, and market trends. By examining these aspects together, investors can gain a more comprehensive view of how the company's stock behaves and whether it's aligned with its underlying value.
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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