ANANTRAJ - Technical Analysis

Last Updated Time : 02 Aug 25, 12:58 am

Technical Rating: 3.6

📊 Technical Overview of Anant Raj Ltd. (ANANTRAJ)

📈 Trend Analysis

Current Price: ₹578

50 DMA: ₹554

200 DMA: ₹559

Trend Status: The stock is attempting a recovery after a steep decline from its 52-week high of ₹948. Price is hovering just above both DMAs, suggesting early signs of trend reversal or consolidation.

📈 Momentum Indicators

RSI (55.4): Neutral — indicates lack of strong momentum, but room for upside.

MACD (6.69): Mildly positive — suggests weak bullish crossover, but not yet a strong momentum signal.

Volume: 26.9L vs 1-week avg of 50.9L — below average, indicating low conviction in current price movement.

📊 Bollinger Bands

Price likely trading near the middle band, consistent with RSI and MACD neutrality.

Bands are narrowing, indicating low volatility and possible consolidation phase.

📈 Moving Averages Summary

Indicator Value (₹) Signal

50 DMA 554 Near-term support

200 DMA 559 Long-term support

Current Price 578 Slightly above both — tentative bullish bias

🔍 Support & Resistance Levels

Type Price Range (₹) Notes

Support 1 550–555 DMA cluster zone

Support 2 500–510 Previous swing low

Resistance 1 600–610 Minor resistance zone

Resistance 2 650–670 Major breakout level

🎯 Entry & Exit Strategy

Optimal Entry Zone: ₹555–₹565 (near DMA support)

Exit Zone (Short-Term): ₹600–₹610 (initial resistance), ₹650+ (if breakout confirms)

Stop Loss: ₹540 (below support zone)

📌 Summary

Trend: Consolidating with mild bullish bias

Momentum: Weak to neutral

Volume: Below average — needs confirmation

Setup: Suitable for range-bound trading or early accumulation before breakout

Would you like a deeper dive into its historical price action or a comparison with other real estate developers showing stronger momentum?

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