PRESTIGE - Technical Analysis with Chart Patterns & Indicators

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

Technical Rating: 3.9

Here’s a detailed technical analysis of Prestige Estates Projects Ltd (PRESTIGE)

📊 Trend Overview

Current Trend: The stock is in a mild uptrend, trading above both its 50-DMA (₹1,603) and 200-DMA (₹1,533), indicating bullish bias with a stable base.

52-Week Positioning: At 64.3% of its 52-week range (₹1,048 – ₹1,952), the stock is in the upper-middle zone, suggesting recovery from lows but still below peak levels.

📈 Momentum Indicators

RSI (55.0): Neutral to slightly bullish. Indicates moderate strength and room for upside before entering overbought territory.

MACD (-3.54): Slightly negative, suggesting a recent loss of momentum. A crossover above zero would confirm bullish continuation.

Volume: Current volume (7.98L) is above the 1-week average (6.39L), indicating healthy participation and potential accumulation.

📉 Chart Patterns & Moving Averages

Price Action: The stock is consolidating above its moving averages, forming a base near ₹1,600–₹1,630. A breakout above ₹1,650 could trigger the next leg up.

Support Levels

₹1,600 – 50-DMA and recent swing low

₹1,530 – 200-DMA and psychological support

Resistance Levels

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

₹1,750–₹1,800 – previous breakdown zone

📌 Bollinger Bands

Price is near the middle band, with bands narrowing. This suggests low volatility and potential for a breakout if volume improves.

🎯 Entry & Exit Zones

Action Price Zone (₹) Rationale

Entry 1,580–1,600 Near DMA support and base formation

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

Exit (Long) 1,750–1,800 If breakout sustains above ₹1,680

🔍 Market Behavior

Trending: Mild uptrend, supported by price above DMAs and volume.

Consolidating: Yes, price is range-bound between ₹1,580–₹1,680.

Reversing: Not currently. Indicators suggest continuation unless MACD weakens further and RSI dips.

🧠 Summary

PRESTIGE is technically stable, consolidating above key moving averages with improving volume and neutral momentum indicators. Traders may consider accumulating near ₹1,580–₹1,600 and watch for breakout above ₹1,680 for targets toward ₹1,800.

Let me know if you'd like to explore similar setups in real estate or mid-cap growth stocks.

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