RAINBOW - Technical Analysis

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

📊 Technical Analysis for Rainbow Children's Medicare Ltd (RAINBOW) Technical Rating: 3.9

📈 Trend Overview

Current Price: ₹1,525

50 DMA: ₹1,491 → Price above short-term average

200 DMA: ₹1,421 → Price well above long-term average

Trend Status: Trending upward, but showing signs of sideways consolidation

🔍 Momentum Indicators

RSI (50.4): Neutral zone; no overbought/oversold signal

MACD (17.6): Positive crossover → bullish momentum

Bollinger Bands: Price near middle band → low volatility, potential breakout setup

Volume: 83K vs 1-week avg of 3.65L → significantly below average, indicating weak conviction

📌 Support & Resistance Zones

Level Price (₹)

Support 1 1,490–1,500

Support 2 1,460–1,470

Resistance 1 1,560–1,580

Resistance 2 1,700–1,710 (52W High)

Trendline Support: Rising from ₹1,421 (200 DMA) through ₹1,491

Breakout Zone: ₹1,580+

Consolidation Zone: ₹1,500–1,560

🎯 Entry & Exit Strategy

Optimal Entry: ₹1,490–1,505 (near support zone)

Exit Zone: ₹1,580–1,700 (approaching resistance)

Stop Loss: ₹1,460 (below key support)

⚡ Short-Term Signals

Momentum: Mildly bullish; MACD positive, RSI neutral

Volume: Weak; needs confirmation for breakout

Price Action: Holding above key averages, but lacking strength

Volatility: Contracting Bollinger Bands → possible sharp move ahead

🧭 Conclusion

RAINBOW is currently trending upward but appears to be consolidating near mid-range levels. Technical indicators suggest a potential breakout if volume picks up and price crosses ₹1,580. A pullback toward ₹1,490 could offer a low-risk entry. Watch for RSI crossing 60 and MACD acceleration for confirmation.

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