SKFINDIA - Technical Analysis with Chart Patterns & Indicators

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

Technical Rating: 4.1

Here’s a detailed technical analysis of SKF India Ltd (SKFINDIA)

📊 Trend Overview

Current Trend: The stock is in a moderate uptrend, trading above both its 50-DMA (₹4,697) and 200-DMA (₹4,594), indicating sustained bullish momentum.

52-Week Positioning: At 63.2% of its 52-week range (₹3,541 – ₹5,523), the stock is in the upper-middle zone, showing strength but still below its peak.

📈 Momentum Indicators

RSI (56.1): Bullish-neutral. Indicates healthy momentum with room to rise before entering overbought territory.

MACD (46.8): Strong positive crossover, confirming bullish momentum and trend continuation.

Volume: Current volume (16.8K) is slightly above the 1-week average (14.7K), suggesting steady accumulation but not breakout-level participation.

📉 Chart Patterns & Moving Averages

Price Action: The stock is forming higher lows and has recently bounced off its 50-DMA, suggesting strength. A breakout above ₹4,850 could trigger a rally toward ₹5,100.

Support Levels

₹4,700 – 50-DMA and recent swing low

₹4,600 – 200-DMA and medium-term support

Resistance Levels

₹4,850–₹4,900 – short-term resistance zone

₹5,100–₹5,200 – previous supply zone before 52-week high

📌 Bollinger Bands

Price is near the upper band, confirming momentum. Bands are widening, indicating increasing volatility and potential for breakout continuation.

🎯 Entry & Exit Zones

Action Price Zone (₹) Rationale

Entry 4,700–4,750 Near support and breakout base

Exit (Short) 4,850–4,900 Resistance zone, potential profit booking

Exit (Long) 5,100–5,200 If breakout sustains above ₹4,900

🔍 Market Behavior

Trending: Yes, moderate bullish trend confirmed by MACD, RSI, and price action.

Consolidating: No, price is expanding with momentum.

Reversing: Not currently. Indicators suggest continuation unless RSI peaks and volume fades.

🧠 Summary

SKFINDIA is technically strong, trading above key moving averages with bullish indicators. RSI and MACD support upside potential, and volume trends are stable. Traders may consider accumulating near ₹4,700–₹4,750 and watch for breakout above ₹4,900 for targets toward ₹5,200.

Let me know if you'd like to compare this setup with other industrial or capital goods sector plays.

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