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Technicals for Vardhman Textiles Limited
By MusingTheNews
2026-02-03 21:01
Overall Technical outlook
Price Summary
On 2026-02-02, Vardhman Textiles Limited's shares started at 452.2, peaked at 461.95, bottomed out at 434.05, and ended 1.12% up at 457.25, with 424093 shares traded. For the 52-week period, the stock's highest price is 515.5, and the lowest price is 364.45. 5 analysts predict that the future price of VTL will be in the range of 397.0 to 565.0, with a mean expected price of about 477.4.
Technicals
Support and Resistance: With the current price at 457.25, support is found at 435.1 and resistance at 460.65. These levels indicate where buyers might step in at 435.1, while sellers could limit gains at 460.65, defining a trading boundary for Vardhman Textiles Limited. Support/Resistance for VTL
Aroon: The current state of the AROON is neutral, offering no clear signals of movement in either direction. This suggests a potential pause in market activity, with no strong trend emerging at the moment. Aroon chart for Vardhman Textiles Limited
Bol. Bands: Vardhman Textiles Limited's price is currently above the upper Bollinger Band, where it has remained since its last surge. This persistence above the band signals strong bullish momentum, potentially indicating an overbought condition. Traders might interpret this as a sign of continued strength, but they should also be aware that such a position could precede a pullback or a correction in the near future. Bolinger Bands chart for Vardhman Textiles Limited
Parabolic SAR: The PSAR continues to indicate a bullish outlook, setting a crucial support level. This strong support could bolster the ongoing upward trend, suggesting that the market may remain in a positive trajectory. Investors may view this as a sign of sustained bullish momentum. Parabolic Stop and Reverse chart for Vardhman Textiles Limited
Stochastic: The STOCHASTIC is showing a neutral stance, with no definitive indication of an upward or downward trend for VTL. This neutral position suggests a period of indecision in the market, making it difficult to predict the next move. Stochastic chart for Vardhman Textiles Limited
Tripple Moving Agerage: The current reading of the Tripple MOVING AVG is neutral, offering no clear signals for a movement in either direction. This suggests that the market may be in a holding pattern, with no dominant trend in place. Tripple SMA chart for Vardhman Textiles Limited
Understanding a company's fundamentals—such as revenue, earnings, and debt levels—provides a solid foundation for analyzing its technical performance. Similarly, knowledge of the industry, including key competitors and market trends, is critical. Combining this fundamental analysis with technical indicators like stock charts, moving averages, and trading volume enables a more comprehensive approach to evaluating the company's overall health and potential future performance.
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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