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Technicals for Schaeffler India Limited
By MusingTheNews
2026-02-03 20:55
Overall Technical outlook
Price Summary
SCHAEFFLER's shares experienced a significant 3.66% climb, indicating a robust market performance. Schaeffler India Limited's stock opened at 3743.6 on 2026-02-03, surged to a high of 3900.1, hit a low of 3700.6, and closed up 3.66% at 3880.6, with 73470 shares traded. Over the previous 52 weeks, the stock reached a high of 4315.8 and a low of 2931.9. The future price of SCHAEFFLER is projected to range from 4080.0 to 5078.0, with an average expected price of 4519.875, according to 8 analysts.
Technicals
Support and Resistance: The price sits at 3880.6, supported by 3870.2 and resisted by 4015.7. This indicates a trading range where 3870.2 provides a floor, preventing declines, and 4015.7 acts as a ceiling, limiting further price increases for SCHAEFFLER. Support/Resistance for SCHAEFFLER
Aroon: The AROON indicator is signaling a robust bullish trend, as the Aroon Up has moved higher and the Aroon Oscillator has reversed. These movements suggest a reversal to an upward trend, indicating that market sentiment is turning more positive. Investors may see this as a sign of potential future gains, with the market likely to continue its upward trajectory. Aroon chart for Schaeffler India Limited
Bol. Bands: The BOLL BANDS is showing a neutral reading, with no clear direction indicated for upward or downward movement. This neutral position suggests a possible period of consolidation. Bolinger Bands chart for Schaeffler India Limited
Parabolic SAR: The PSAR has shifted from bearish to bullish in its latest move, hinting at a possible trend reversal. If this change is corroborated by other indicators, it could represent a significant bullish signal. Traders should watch for additional confirmation to assess the strength of this potential upward trend for Schaeffler India Limited. Parabolic Stop and Reverse chart for Schaeffler India Limited
Stochastic: The current state of the STOCHASTIC is neutral, providing no clear signals for either an upward or downward movement. This indicates that the market may be in a state of equilibrium, with no strong momentum in either direction. Stochastic chart for Schaeffler India Limited
Tripple Moving Agerage: The moving averages for SCHAEFFLER for the 20-50-100 periods point to a bullish trend, but the slopes of the faster averages suggest this strength may be waning. The potential for a reversal is becoming apparent, as the shorter-term averages indicate that the upward momentum could be weakening, signaling a possible trend change. Tripple SMA chart for Schaeffler India Limited
When evaluating a company's technical indicators like price trends and trading volume, it's important to also assess its fundamentals. Key factors include the company's profitability, growth rate, and financial stability. Furthermore, considering the industry within which the company operates provides additional context, as factors like competition and market demand can affect performance. By combining this analysis, you can make more informed judgments about the company's future prospects.
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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