Supreme Industries: Poised Between Support and Resistance
Technical Analysis (Weekly Chart):
Support Level: The stock has established a support level around ₹4,765.
Resistance Level: Resistance is observed near ₹5,072.
Moving Averages [D/W]: The stock is trading above its 50-day and 200-day moving averages, suggesting a bullish trend.
MACD: The MACD line is trending above the signal line, while the weekly suggests receding seller strength signaling potential bullish momentum.
Bullish Indicators: The stock's position above key moving averages and a positive MACD crossover [D] suggest potential upward movement.
Disclaimer: This analysis is for informational purposes only and should not be construed as financial advice. Please conduct your own research before making investment decisions.
Support Level: The stock has established a support level around ₹4,765.
Resistance Level: Resistance is observed near ₹5,072.
Moving Averages [D/W]: The stock is trading above its 50-day and 200-day moving averages, suggesting a bullish trend.
MACD: The MACD line is trending above the signal line, while the weekly suggests receding seller strength signaling potential bullish momentum.
Bullish Indicators: The stock's position above key moving averages and a positive MACD crossover [D] suggest potential upward movement.
Disclaimer: This analysis is for informational purposes only and should not be construed as financial advice. Please conduct your own research before making investment decisions.
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