CARBORUNIV - Technical Analysis

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

📊 Technical Analysis for CARBORUNIV

Technical Rating: 2.6

📉 Trend Overview

Current Price: ₹928

52W High/Low: ₹1,770 / ₹809

Trend Status: Reversing The stock has declined ~48% from its 52-week high and is trading below key moving averages, indicating a bearish reversal from its previous uptrend.

📈 Chart Patterns & Indicators

RSI (34.4): Near oversold territory, suggesting weak momentum but potential for a short-term bounce.

MACD (-6.00): Bearish crossover, confirming downward momentum.

Bollinger Bands: Price is near the lower band, hinting at possible short-term support and volatility compression.

Volume Trends: Current volume (1.06L) is below 1-week average (1.53L), indicating reduced participation and waning interest.

📉 Moving Averages

Moving Average Value (₹) Signal

50 DMA 978 Bearish (Price below)

200 DMA 1,098 Strong Bearish (Price well below)

The stock is trading below both 50 and 200 DMA, confirming a downtrend.

📌 Support & Resistance Zones

Support Levels: ₹809 (52W Low), ₹880 (recent demand zone)

Resistance Levels: ₹978 (50 DMA), ₹1,098 (200 DMA), ₹1,170 (previous breakdown level)

🎯 Entry & Exit Strategy

Optimal Entry Zone: ₹880–₹910 (if RSI stabilizes and volume picks up)

Exit Zone: ₹978–₹1,020 (near 50 DMA and resistance)

Stop Loss: ₹805 (below 52W low)

⚠️ Momentum Signals

Short-Term: Weak momentum, possible dead-cat bounce if RSI rebounds

Medium-Term: Bearish unless price reclaims 50 DMA with volume confirmation

🧠 Summary

CARBORUNIV is currently in a reversal phase, showing signs of weakness across technical indicators. While oversold conditions may offer a short-term bounce, the broader trend remains bearish. Conservative traders may wait for a breakout above ₹978 with volume before entering.

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