RHIM 1 Day View

165
๐Ÿ“Š Technical Overview

Current Price: โ‚น445.00

Dayโ€™s Range: โ‚น440.00 โ€“ โ‚น453.10

Previous Close: โ‚น451.45

52-Week Range: โ‚น376.45 โ€“ โ‚น640.00

๐Ÿ”ป Bearish Indicators

RSI (14): 24.86 โ€” Oversold condition, suggesting potential for a rebound.

MACD: -7.80 โ€” Indicates downward momentum.

Moving Averages:

5-day: โ‚น444.48 โ€” Slightly above current price.

50-day: โ‚น469.06 โ€” Bearish crossover.

200-day: โ‚น478.22 โ€” Further confirmation of downtrend.

Technical Indicators: Strong Sell signals across multiple platforms.

๐Ÿ”ง Support & Resistance Levels

Support: โ‚น440.00 โ€” Recent low.

Resistance: โ‚น453.10 โ€” Dayโ€™s high.

Pivot Point: โ‚น495.97 โ€” Indicates potential reversal if breached.

โš ๏ธ Summary

RHI Magnesita India Ltd is currently in a downtrend, with technical indicators signaling a strong sell. The stock is approaching key support levels, and while it is oversold, caution is advised. Traders should monitor for any bullish reversal patterns or volume spikes before considering entry points.

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