GILLETTE - Technical Analysis with Chart Patterns & Indicators

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

Technical Rating: 3.6

Here’s a detailed technical analysis of Gillette India Ltd (GILLETTE)

📉 Trend Analysis

Current Price (₹9,930) is below the 50-DMA (₹10,239) but above the 200-DMA (₹9,476) — indicating a neutral-to-weak bullish setup.

52-week Index at 61.5% shows the stock is trading in the upper-middle range of its yearly band (₹7,412–₹11,505), suggesting partial recovery but not strong momentum.

Trend Status: Consolidating, with signs of short-term weakness.

🔍 Momentum Indicators

RSI (40.5): In the neutral-to-weak zone, approaching oversold territory — suggests lack of momentum and potential for a bounce.

MACD (-128): Deeply negative — confirms bearish divergence and short-term downtrend.

Volume: At 13K, below 1-week average (15.5K) — indicates low participation, possibly distribution phase.

📊 Chart Patterns & Moving Averages

Price is trapped between 50-DMA and 200-DMA, showing indecision.

Support Levels

₹9,476 (200-DMA)

₹9,200 (recent swing low)

Resistance Levels

₹10,239 (50-DMA)

₹10,500–₹10,800 (gap zone and psychological resistance)

📉 Bollinger Bands

Price is near the lower band, indicating oversold conditions.

Bands are contracting, suggesting low volatility and potential for a sharp move once volume returns.

🎯 Entry & Exit Zones

Action Price Zone (₹) Rationale

Entry 9,450–9,500 Near 200-DMA and support zone

Exit (Short-Term) 10,200–10,500 Resistance zone, potential reversal

Stop Loss 9,200 Below swing low and trendline

🧭 Summary

Trend: Consolidating

Momentum: Weak and bearish

Volatility: Low, with breakout potential

Ideal Strategy: Cautious accumulation near ₹9,450–₹9,500 with target ₹10,200–₹10,500. Wait for MACD flattening and RSI rebound above 45 for confirmation.

Let me know if you'd like to compare this setup with other FMCG or consumer staples for broader positioning.

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