PHOENIXLTD - Technical Analysis

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

Technical Rating: 2.9

Here’s a detailed technical breakdown of Phoenix Mills Ltd. (₹1,508) based on current indicators and chart patterns

📊 Trend Analysis

Current Trend: Bearish with signs of consolidation

Price Action: Trading below both 50-DMA (₹1,542) and 200-DMA (₹1,577) — signals downward bias.

RSI (48.0): Neutral zone — lacks strong momentum.

MACD (-19.9): Negative — confirms bearish sentiment.

Volume: Significantly below 1-week average — suggests weak participation and indecision.

📈 Moving Averages

Indicator Value (₹) Signal

50-DMA 1,542 Bearish (Price < DMA)

200-DMA 1,577 Bearish (Price < DMA)

📉 Momentum Indicators

RSI: 48.0 — neutral, no clear momentum.

MACD: Negative crossover — bearish.

Bollinger Bands: Price likely near lower band — possible support zone forming.

🔍 Volume Trends

Current Volume: 6.99 lakh

1W Avg Volume: 18.71 lakh

Interpretation: Weak volume suggests lack of conviction in current price move.

📌 Support & Resistance Zones

Level Price (₹)

Support 1 1,475

Support 2 1,420

Resistance 1 1,542 (50-DMA)

Resistance 2 1,577 (200-DMA)

Resistance 3 1,620

🎯 Entry & Exit Strategy

Optimal Entry Zone: ₹1,420–₹1,475 (if RSI stabilizes)

Exit Zone: ₹1,577–₹1,620 (near DMA resistance)

Stop Loss: ₹1,400 (below key support)

🧭 Conclusion

Trend: Bearish with mild consolidation

Momentum: Weak and indecisive

Recommendation: Wait for breakout above ₹1,542 with volume confirmation. Ideal for cautious swing trade if support holds.

You can explore live technical charts and signals on TradingView’s Phoenix Mills page

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