RHIM 1 Day View

📊 Technical Overview

Current Price: ₹445.00

Day’s Range: ₹440.00 – ₹453.10

Previous Close: ₹451.45

52-Week Range: ₹376.45 – ₹640.00

🔻 Bearish Indicators

RSI (14): 24.86 — Oversold condition, suggesting potential for a rebound.

MACD: -7.80 — Indicates downward momentum.

Moving Averages:

5-day: ₹444.48 — Slightly above current price.

50-day: ₹469.06 — Bearish crossover.

200-day: ₹478.22 — Further confirmation of downtrend.

Technical Indicators: Strong Sell signals across multiple platforms.

🔧 Support & Resistance Levels

Support: ₹440.00 — Recent low.

Resistance: ₹453.10 — Day’s high.

Pivot Point: ₹495.97 — Indicates potential reversal if breached.

⚠️ 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.