PRESTIGE - Technical Analysis

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

Technical Rating: 3.1

Here’s a detailed technical analysis of Prestige Estates Projects Ltd (PRESTIGE) based on the provided data and current market indicators

📊 Trend Overview

Current Trend: Consolidating with mild bearish bias

Price is hovering around the 50 DMA (₹1,626) and above the 200 DMA (₹1,505), suggesting a neutral-to-weak setup.

RSI at 44.2 indicates lack of momentum, leaning slightly bearish.

MACD at 12.3 is positive but flattening, hinting at fading bullish momentum.

📈 Chart Patterns & Indicators

Moving Averages

Price near 50 DMA and above 200 DMA → long-term trend intact, short-term indecision

MA5 to MA200 show mixed signals, with several short-term averages indicating weakness

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RSI (14): 44.2

Neutral zone; no strong momentum either way

MACD (12,26): 12.3

Positive but weakening; momentum may be stalling

Volume Trends

Current volume (11.19 lakh) is slightly above 1-week average (10.45 lakh), suggesting mild accumulation

Bollinger Bands

Price likely near mid-band; no breakout or squeeze signal

🔍 Momentum Signals

Short-Term Momentum: Weak to neutral

ADX (14): ~24 (indicates a weak trend)

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Stochastic RSI: Overbought zone — caution for short-term pullback

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📌 Support & Resistance Zones

Level Price (₹)

Support 1 1,614

Support 2 1,585

Resistance 1 1,660

Resistance 2 1,688

Resistance 3 1,714

These levels are derived from pivot point and recent price action

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🎯 Optimal Entry & Exit Zones

Entry Zone: ₹1,585–₹1,614 (if price stabilizes and RSI improves)

Exit Zone: ₹1,688–₹1,714 (if price rebounds and MACD strengthens)

🧭 Conclusion

Trend: Consolidating with mild bearish undertone

Momentum: Weak

Volatility: Moderate

Suggested Action: Wait for breakout above ₹1,660 with volume for bullish confirmation. If price dips near ₹1,585, it may offer a low-risk entry.

Would you like to explore how Prestige compares with other real estate developers or dive into its fundamentals and valuation metrics? I’ve got plenty of insights ready.

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