RHIM - Technical Analysis
Last Updated Time : 02 Aug 25, 12:58 am
Back to Technical List📊 Technical Analysis for RHI Magnesita India Ltd (RHIM) Technical Rating: 3.8
📈 Trend Overview
Current Price: ₹495
50 DMA: ₹480 → Price above short-term average
200 DMA: ₹498 → Slightly below long-term average
Trend Status: Consolidating with mild bullish undertone
🔍 Momentum Indicators
RSI (53.7): Neutral zone; no overbought/oversold signal
MACD (7.02): Positive crossover → bullish momentum building
Bollinger Bands: Price near middle band; volatility is low
Volume: 2.84L vs 1-week avg of 8.40L → below-average activity, suggesting caution
📌 Support & Resistance Zones
Level Price (₹)
Support 1 480–485
Support 2 470–475
Resistance 1 505–510
Resistance 2 518–525
Trendline Support: Rising from ₹470 through ₹480
Breakout Zone: ₹510–525
Consolidation Zone: ₹485–505
🎯 Entry & Exit Strategy
Optimal Entry: ₹480–488 (near support zone)
Exit Zone: ₹510–520 (approaching resistance)
Stop Loss: ₹470 (below key support)
⚡ Short-Term Signals
Momentum: Improving; MACD bullish, RSI neutral
Volume: Weak; needs confirmation for breakout
Price Action: Holding above 50 DMA, but below 200 DMA
Volatility: Low; Bollinger Bands contracting
🧭 Conclusion
RHIM is currently consolidating with a slight bullish bias. Technical indicators suggest a potential upward move if volume picks up and price breaks above ₹510. A dip near ₹480 could offer a low-risk entry, but confirmation is key. Watch for MACD strength and RSI crossing 60 for momentum confirmation.
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