Overall Technical outlook

Price Summary

On 2025-05-30, Shree Renuka Sugars Limited's stock began at 33.2, peaked at 33.38, bottomed at 32.54, and closed -1.14% lower at 32.82, with a volume of 3478482 shares.
The stock's peak price over the last 52 weeks is 54.47, with the lowest being 26.12.

Technicals

Support and Resistance: The price is currently at 32.82, supported by 32.22 and resisted by 34.47. This indicates a range where 32.22 may provide a base for the price, while 34.47 serves as a cap on further upward movement for RENUKA.
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Support/Resistance for RENUKA


Aroon: The AROON 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.
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Aroon chart for Shree Renuka Sugars Limited


Bol. Bands: The BOLL BANDS is showing a neutral stance, not indicating a clear upward or downward trend for Shree Renuka Sugars Limited. This suggests a period of market balance, where neither side is showing dominance.
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Bolinger Bands chart for Shree Renuka Sugars Limited


Parabolic SAR: The PSAR for RENUKA maintains a bullish outlook, establishing a crucial support level that may help maintain the current upward momentum. This strong support suggests that the market is poised to continue its upward trend, providing confidence in the ongoing bullish sentiment.
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Parabolic Stop and Reverse chart for Shree Renuka Sugars Limited


Stochastic: The K-line has dipped below the D-line on the stochastic indicator, even as it remains above 80, signaling the potential start of a bearish price move. This setup suggests that the market may be entering a period of weakening momentum, possibly leading to a decline. Investors should monitor the situation for additional bearish signals.
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Stochastic chart for Shree Renuka Sugars 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.
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Tripple SMA chart for Shree Renuka Sugars 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.