Golden Cross Strategy (50, 200 MA)
Two moving averages are plotted: a 50-day (likely the green line) and a 200-day (likely the blue line).
The current price ₨14.19 is below the 50-day moving average (₨16.11) and the 200-day moving average (₨12.24). This suggests the stock is trading in a weak zone relative to its medium-term trend.
Support & Resistance
Price recently broke below a key upward trendline, shown as a blue diagonal line sloping upwards.
The stock seems to be testing this broken trendline as resistance.
Trade Markers
Several "Target" labels (green and red) appear on the chart, showing past trading signals.
Green icons indicate successful bullish targets; red icons indicate bearish signals or failure to sustain levels.
RSI (Relative Strength Index)
RSI is shown at 40.23, slightly below the neutral 50 level.
There’s also a yellow moving average line for RSI, currently at 36.19.
The RSI has been in a bearish phase since early 2025, with occasional “Bear” and “Bull” signals marked on the indicator. Recently, the RSI made a small uptick, but still stays below the 50 mark, which hints at weak buying strength.
⚡ Insights
Trend Weakness: The price has broken below a long-standing ascending trendline and is struggling to regain that line as support, which is a bearish technical signal.
Bearish Momentum: The RSI is under 50, showing weak bullish momentum and limited buying interest.
Resistance Overhead: The 50-day moving average around ₨16.11 and the downward-sloping trendline are likely to act as resistance in the near term.
Possible Bottom Formation: If the RSI holds above 36 and starts climbing, combined with price stabilizing around ₨14.19-₨12.50, a short-term reversal could happen — but confirmation is needed.
✅ Actionable Takeaways
For Traders: Avoid long positions until the stock breaks above ₨16.11 (50 MA) or shows a clear bullish RSI crossover.
For Investors: If you’re looking for value, watch for a base formation near the ₨12.24 (200 MA) region.
For Short Sellers: As long as the price remains below the 50-day MA and the RSI doesn't cross 50, bearish setups remain favorable.
Two moving averages are plotted: a 50-day (likely the green line) and a 200-day (likely the blue line).
The current price ₨14.19 is below the 50-day moving average (₨16.11) and the 200-day moving average (₨12.24). This suggests the stock is trading in a weak zone relative to its medium-term trend.
Support & Resistance
Price recently broke below a key upward trendline, shown as a blue diagonal line sloping upwards.
The stock seems to be testing this broken trendline as resistance.
Trade Markers
Several "Target" labels (green and red) appear on the chart, showing past trading signals.
Green icons indicate successful bullish targets; red icons indicate bearish signals or failure to sustain levels.
RSI (Relative Strength Index)
RSI is shown at 40.23, slightly below the neutral 50 level.
There’s also a yellow moving average line for RSI, currently at 36.19.
The RSI has been in a bearish phase since early 2025, with occasional “Bear” and “Bull” signals marked on the indicator. Recently, the RSI made a small uptick, but still stays below the 50 mark, which hints at weak buying strength.
⚡ Insights
Trend Weakness: The price has broken below a long-standing ascending trendline and is struggling to regain that line as support, which is a bearish technical signal.
Bearish Momentum: The RSI is under 50, showing weak bullish momentum and limited buying interest.
Resistance Overhead: The 50-day moving average around ₨16.11 and the downward-sloping trendline are likely to act as resistance in the near term.
Possible Bottom Formation: If the RSI holds above 36 and starts climbing, combined with price stabilizing around ₨14.19-₨12.50, a short-term reversal could happen — but confirmation is needed.
✅ Actionable Takeaways
For Traders: Avoid long positions until the stock breaks above ₨16.11 (50 MA) or shows a clear bullish RSI crossover.
For Investors: If you’re looking for value, watch for a base formation near the ₨12.24 (200 MA) region.
For Short Sellers: As long as the price remains below the 50-day MA and the RSI doesn't cross 50, bearish setups remain favorable.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.