PATANJALI - Technical Analysis with Chart Patterns & Indicators

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

Technical Rating: 3.7

Here’s a detailed technical analysis of Patanjali Foods Ltd (PATANJALI)

📊 Trend Overview

Current Trend: The stock is in a mild uptrend, supported by price action above both the 50-DMA (₹598) and 200-DMA (₹590). This suggests short-term bullish momentum.

52-Week Positioning: Trading at 56.1% of its 52-week range (₹523 – ₹671), the stock is mid-range, indicating recovery from lows but still below peak levels.

📈 Momentum Indicators

RSI (55.2): Neutral to slightly bullish. Indicates moderate strength without being overbought.

MACD (0.08): Positive crossover, though weak. Suggests early bullish momentum but lacks conviction.

Volume: Current volume (14.9L) is above the 1-week average (11.4L), indicating increased participation and potential accumulation.

📉 Chart Patterns & Moving Averages

Price Action: The stock recently turned ex-bonus (2:1 issue), adjusting its price structure. Post-adjustment, it’s stabilizing above key moving averages.

Support Levels

₹590–₹598 (DMA cluster)

₹575 (recent swing low)

Resistance Levels

₹620–₹630 (minor resistance zone)

₹650–₹671 (52-week high zone)

📌 Bollinger Bands

Price is near the middle band, with bands slightly expanding. This suggests potential for a breakout if volume sustains.

🎯 Entry & Exit Zones

Action Price Zone (₹) Rationale

Entry 590–600 Near DMA support, favorable risk-reward

Exit (Short) 620–630 Resistance zone, potential profit booking

Exit (Long) 650–670 If breakout sustains above ₹630

🔍 Market Behavior

Trending: Yes, mildly bullish trend confirmed by MACD and price above DMAs

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Consolidating: No, price is expanding with momentum.

Reversing: Not currently. Indicators suggest continuation unless volume drops.

🧠 Summary

PATANJALI is showing signs of strength post-bonus adjustment, with price action supported by moving averages and volume. RSI and MACD confirm mild bullish momentum. Traders may consider accumulating near ₹590–₹600 and watch for breakout above ₹630 for further upside.

Sources

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www.marketsmojo.com

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bing.com

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www.theweek.in

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