Overall Technical outlook

Price Summary

On 2025-05-30, RHI Magnesita India Limited's stock opened at 463.45, spiked to 464.0, declined to 453.5, and closed -0.53% down at 461.0, with 120396 shares traded.
The top price for the stock in the last 52 weeks is 712.8, with the bottom price being 382.6.
According to 3 analysts, the price of RHIM in the future is projected to be between 507.0 and 744.0, with an average expected price of 598.3333.

Technicals

Support and Resistance: The current price of 461.0 is supported at 421.45, with resistance at 464.35. This suggests that the price for RHIM might remain between these levels, where 421.45 acts as a floor and 464.35 as a ceiling in the market.
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Support/Resistance for RHIM


Aroon: The current state of the AROON is neutral for RHIM, providing no clear indication of a trend in either direction. This suggests that the market may be lacking momentum, making it difficult to predict future movements.
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Aroon chart for RHI Magnesita India Limited


Bol. Bands: The BOLL BANDS is currently in a neutral position, offering no clear indication of movement up or down. This suggests that the market may be experiencing a period of equilibrium, with no strong trend in play.
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Bolinger Bands chart for RHI Magnesita India Limited


Parabolic SAR: The PSAR for RHIM continues to signal a bullish outlook, establishing a crucial support level that may help sustain the current upward momentum. This level of support suggests that the market is likely to continue trending higher, providing a foundation for ongoing bullish movement.
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Parabolic Stop and Reverse chart for RHI Magnesita India Limited


Stochastic: The STOCHASTIC is showing a neutral stance, with no definitive indication of an upward or downward trend for RHIM. This neutral position suggests a period of indecision in the market, making it difficult to predict the next move.
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Stochastic chart for RHI Magnesita India Limited


Tripple Moving Agerage: The Tripple MOVING AVG is currently in a neutral position, offering no clear indication of movement up or down. This suggests that the market may be experiencing a period of equilibrium, with no strong trend in play.
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Tripple SMA chart for RHI Magnesita India Limited


A thorough analysis of a company involves looking beyond its stock price movements and trading patterns. You must also examine its fundamentals, which include profitability, growth prospects, and competitive advantages. Additionally, the industry in which the company operates provides important context, as factors like technological innovations, regulation, and market demand influence performance. By integrating this information with technical analysis, more accurate predictions about the company's future can be made.