LINDEINDIA - Technical Analysis with Chart Patterns & Indicators

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

Technical Rating: 3.5

Here’s a detailed technical analysis of Linde India Ltd. (LINDEINDIA)

📊 Trend Overview

Current Trend: 🔄 Reversing with weak momentum

Price is trading below both the 50-DMA (₹6,503) and 200-DMA (₹6,643), indicating a bearish structure.

The 52-week index at 34.8% shows the stock is still recovering from a steep correction off its high of ₹8,781.

RSI at 49.4 is neutral, reflecting indecision and lack of strong momentum.

MACD at 1.77 is slightly positive, suggesting early signs of reversal but not yet confirmed.

📈 Moving Averages

50-DMA: ₹6,503 — Immediate resistance.

200-DMA: ₹6,643 — Long-term resistance.

Price Action: Current price of ₹6,446 is below both DMAs, signaling weakness but potential for reversal if support holds.

📉 Momentum Indicators

RSI (14-day): 49.4 — Neutral zone, no strong directional bias.

MACD: 1.77 — Bullish crossover, but momentum is soft.

Volume: 18.4K vs 1-week avg of 19.7K — Slightly below average, indicating low conviction.

📊 Bollinger Bands

Price likely near middle band — low volatility.

No breakout or squeeze pattern detected, but setup favors continuation if volume improves and RSI rises.

📌 Support & Resistance Zones

Level Price (₹) Commentary

Support 1 6,300 Minor swing support

Support 2 6,100 Previous consolidation base

Resistance 1 6,503 50-DMA, immediate resistance

Resistance 2 6,650–6,800 200-DMA and trendline resistance

🎯 Entry & Exit Zones

Optimal Entry: ₹6,300–₹6,400 — On pullback near support.

Exit Zone: ₹6,500–₹6,800 — Resistance zone for profit booking.

🔍 Short-Term Signals

Momentum: Weak — RSI neutral, MACD mildly bullish.

Breakout Potential: Low to moderate — Needs volume surge and RSI >55.

Bias: Cautiously bullish — Reversal setup forming, but confirmation pending.

🧭 Summary

LINDEINDIA is currently reversing from a prior downtrend, with early signs of recovery. Price action below key moving averages and neutral RSI suggest caution, but MACD and volume trends hint at potential upside. Traders may consider entering near ₹6,300–₹6,400 and targeting ₹6,500–₹6,800 for exits. A breakout above ₹6,503 with volume and RSI >55 could confirm trend continuation.

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