PHOENIXLTD - Technical Analysis with Chart Patterns & Indicators

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

Technical Rating: 4.0

Here’s a detailed technical analysis of Phoenix Mills Ltd (PHOENIXLTD)

📊 Trend Overview

Current Trend: The stock is in a short-term uptrend, trading above both its 50-DMA (₹1,538) and 200-DMA (₹1,561), indicating bullish momentum.

52-Week Positioning: At 45.7% of its 52-week range (₹1,338 – ₹1,968), the stock is mid-range, suggesting recovery from lows but still below peak levels.

📈 Momentum Indicators

RSI (65.8): Bullish. Approaching overbought territory, which may signal short-term exhaustion if it crosses 70.

MACD (26.7): Strong positive divergence confirms bullish momentum. No signs of reversal yet.

Volume: Current volume (6.5L) is significantly above the 1-week average (4.66L), indicating strong participation and accumulation.

📉 Chart Patterns & Moving Averages

Price Action: The stock has broken above key moving averages and is forming higher highs and higher lows, a classic bullish pattern.

Support Levels

₹1,560–₹1,580 – DMA cluster and recent swing low

₹1,500 – psychological support

Resistance Levels

₹1,650–₹1,680 – short-term resistance zone

₹1,850–₹1,968 – 52-week high zone

📌 Bollinger Bands

Price is near the upper band, suggesting strong momentum but also potential short-term overextension. A pullback toward the middle band (~₹1,580) is possible before continuation.

🎯 Entry & Exit Zones

Action Price Zone (₹) Rationale

Entry 1,560–1,580 Near DMA support, favorable risk-reward

Exit (Short) 1,650–1,680 Resistance zone, potential profit booking

Exit (Long) 1,850–1,968 If breakout sustains above ₹1,680

🔍 Market Behavior

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

Consolidating: No, price is expanding with momentum.

Reversing: Not currently. Indicators suggest continuation unless RSI crosses into overbought and volume fades.

🧠 Summary

PHOENIXLTD is technically strong, supported by bullish indicators and volume surge. RSI and MACD confirm momentum, and price action is trending upward. Traders may consider accumulating near ₹1,560–₹1,580 and watch for breakout above ₹1,680 for further upside toward ₹1,950+.

Let me know if you’d like a comparative scan across real estate or retail sector peers.

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