PATANJALI - Technical Analysis

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

Technical Rating: 4.2

Here’s a detailed technical breakdown of Patanjali Foods Ltd. (₹1,887) based on the data provided and current chart indicators

📊 Trend Analysis

Current Trend: Uptrend with signs of consolidation

Price Action: Trading above both 50-DMA (₹1,769) and 200-DMA (₹1,755), indicating bullish momentum.

RSI (65.9): Near overbought zone but still in bullish territory.

MACD (59.7): Positive and above signal line — confirms upward momentum.

Volume: Below 1-week average, suggesting reduced participation and possible short-term consolidation.

📈 Moving Averages

Indicator Value (₹) Signal

50-DMA 1,769 Bullish (Price > DMA)

200-DMA 1,755 Bullish (Price > DMA)

📉 Momentum Indicators

RSI: 65.9 — bullish, but watch for reversal if it crosses 70.

MACD: Positive crossover — supports continuation of uptrend.

Bollinger Bands: Price near upper band — potential resistance or breakout zone.

🔍 Volume Trends

Current Volume: 8.32 lakh

1W Avg Volume: 14.25 lakh

Interpretation: Lower volume may indicate weakening momentum or pause before next move.

📌 Support & Resistance Zones

Level Price (₹)

Support 1 1,865

Support 2 1,830

Resistance 1 1,901

Resistance 2 1,921

Resistance 3 2,030 (52W High)

🎯 Entry & Exit Strategy

Optimal Entry Zone: ₹1,830–₹1,865 (near support levels)

Exit Zone: ₹1,921–₹2,030 (resistance and 52W high)

Stop Loss: ₹1,800 (below key support)

🧭 Conclusion

Trend: Bullish with mild consolidation

Momentum: Positive but slowing

Recommendation: Watch for breakout above ₹1,901 with volume confirmation. Ideal for short-term swing trade if support holds.

You can explore more live technical indicators on TradingView’s Patanjali page or ET Money’s technical dashboard. Let me know if you want a comparison with industry peers or a fundamental deep dive.

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