LINDEINDIA - Technical Analysis

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

Technical Rating: 3.4

Here’s a comprehensive technical breakdown of Linde India Ltd (LINDEINDIA) based on current indicators and price behavior

📊 Trend Overview

Current Trend: Weakening to Consolidating

Price Action: Trading below both 50 DMA (₹6,743) and 200 DMA (₹6,735) — signals short-term bearishness.

52W Index (38.1%): Price is significantly off its 52-week high (₹8,781), indicating a corrective phase.

📈 Momentum Indicators

RSI (41.9): In the bearish zone — suggests limited buying strength and potential for further downside.

MACD (-84.3): Deeply negative — confirms bearish momentum and lack of bullish crossover.

Volume: Below 1-week average — reflects low participation and weak conviction.

📉 Volatility & Bands

Bollinger Bands: Price likely near lower band — hints at oversold conditions but not a confirmed reversal.

Volatility: Mild — price action is subdued, favoring range-bound movement.

📌 Support & Resistance Zones

Level Price (₹)

Immediate Support 6,500–6,550

Strong Support 6,200–6,300

Resistance 1 6,743 (50 DMA)

Resistance 2 7,000–7,215

Resistance 3 7,500+

🎯 Entry & Exit Zones

Optimal Entry: ₹6,500–₹6,565 (if price stabilizes near support)

Exit / Profit Booking: ₹7,000–₹7,215 (if price rebounds toward resistance)

🔍 Short-Term Signals

Momentum: Weak — RSI and MACD both suggest bearish undertone.

Trendline: Price drifting below key averages — no breakout signals yet.

Consolidation: Likely between ₹6,500–₹6,743 before any directional move.

Would you like me to compare this with other industrial gas or specialty chemical stocks showing stronger technical setups? I can help you spot breakout candidates or reversal plays. 📊🚀

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