ANANTRAJ - Technical Analysis with Chart Patterns & Indicators

Last Updated Time : 19 Sept 25, 2:16 pm

Technical Rating: 4.2

Here’s a detailed technical analysis of Anant Raj Ltd. (ANANTRAJ)

📊 Trend Overview

Current Trend: The stock is in a short-term uptrend after rebounding from its recent low of ₹366. Price is trading above both the 50-DMA and 200-DMA, indicating bullish momentum.

Price Action: At ₹586, ANANTRAJ is above the 50-DMA (₹549) and 200-DMA (₹555), suggesting strength and potential continuation toward previous highs.

📈 Momentum Indicators

RSI (63.8): Bullish zone, approaching overbought territory. Indicates strong buying interest but caution is warranted above 70.

MACD (8.56): Positive crossover, confirming bullish momentum and trend continuation.

Volume: Current volume (23.1L) is significantly below the 1-week average (123.4L), suggesting momentum is intact but participation is cooling, possibly due to proximity to resistance.

📉 Volatility & Bands

Bollinger Bands: Price is near the upper band, signaling strength. A breakout above ₹600 with volume could trigger a rally toward ₹650+.

📌 Support & Resistance Zones

Type Price Zone (₹) Notes

Support 555 – 570 Near 200-DMA and recent swing low

Resistance 600 – 620 Psychological barrier and previous rejection zone

Breakout 625+ Above this, next target is ₹700 – ₹750

🎯 Entry & Exit Strategy

Optimal Entry: ₹560 – ₹580 (on dips with bullish confirmation)

Exit Zone: ₹610 – ₹625 (partial profit booking); ₹700+ (final resistance)

Stop Loss: ₹545 (below 50-DMA)

🔍 Summary

Trend: Trending upward

Momentum: Strong signals from RSI and MACD

Volume: Cooling, but trend remains intact

Outlook: Positive; watch for sustained move above ₹600 with volume for next leg up

Let me know if you'd like a comparison with other real estate or infrastructure stocks showing similar setups.

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