RRKABEL - Technical Analysis with Chart Patterns & Indicators

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

Technical Rating: 3.6

Here’s a detailed technical analysis of RR Kabel Ltd (RRKABEL)

📊 Trend Overview

Current Trend: The stock is in a mild downtrend, trading slightly below both its 50-DMA (₹1,260) and 200-DMA (₹1,292), indicating short-term weakness.

52-Week Positioning: At 47.1% of its 52-week range (₹750 – ₹1,815), the stock is mid-range, suggesting a retracement from highs with potential for base formation.

📈 Momentum Indicators

RSI (52.4): Neutral. Indicates balanced momentum with no strong directional bias.

MACD (-6.07): Bearish. Negative crossover suggests fading momentum; no signs of reversal yet.

Volume: Current volume (1.01L) is slightly above the 1-week average (80.5K), showing mild accumulation but not breakout strength.

📉 Chart Patterns & Moving Averages

Price Action: The stock is consolidating between ₹1,220 and ₹1,280. It has failed to hold above key moving averages, forming a descending triangle pattern.

Support Levels

₹1,220 – recent swing low and psychological support

₹1,180 – next demand zone if breakdown occurs

Resistance Levels

₹1,260–₹1,292 – DMA cluster and short-term ceiling

₹1,350–₹1,400 – previous breakdown zone

📌 Bollinger Bands

Price is near the middle band, with bands narrowing. This suggests low volatility and potential for a breakout or breakdown depending on volume and sentiment.

🎯 Entry & Exit Zones

Action Price Zone (₹) Rationale

Entry 1,220–1,250 Near support and consolidation base

Exit (Short) 1,260–1,292 Resistance zone, near DMA cluster

Exit (Long) 1,350–1,400 If breakout sustains above ₹1,300

🔍 Market Behavior

Trending: Mild downtrend, with signs of stabilization.

Consolidating: Yes, price is range-bound between ₹1,220–₹1,292.

Reversing: Not yet. MACD remains negative; RSI is neutral.

🧠 Summary

RRKABEL is technically consolidating with weak momentum. Price action near key moving averages and volume uptick suggest a potential base formation. Traders may consider accumulating near ₹1,220–₹1,250 with tight stop-losses and watch for a breakout above ₹1,300 for confirmation of trend reversal toward ₹1,400.

Would you like to compare RRKABEL with peers like Polycab or KEI Industries for sector strength?

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