SKFINDIA - Technical Analysis

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

Technical Rating: 4.1

Here’s a detailed technical breakdown of SKF India Ltd

📈 Trend Analysis

Current Trend: Uptrend with mild consolidation

Price Action: Trading above both 50 DMA (₹4,723) and 200 DMA (₹4,562), indicating bullish momentum.

Volume: Slightly below average, suggesting a pause or mild consolidation phase.

📊 Key Indicators

RSI (49.2): Neutral zone, neither overbought nor oversold. Indicates consolidation.

MACD (47.4): Strong bullish momentum, positive divergence.

Bollinger Bands: Price near mid-band, suggesting equilibrium. No volatility spike.

Volume Trend: Slight dip in volume, but not alarming. Could precede a breakout.

📉 Moving Averages

Indicator Value Signal

50 DMA ₹4,723 Support

200 DMA ₹4,562 Strong Support

Current Price ₹4,842 Above both averages

🔍 Support & Resistance Zones

Level Price (₹) Commentary

Support 1 4,723 50 DMA, short-term floor

Support 2 4,562 200 DMA, strong base

Resistance 1 4,900–4,950 Recent swing high zone

Resistance 2 5,100–5,200 Next breakout target

Resistance 3 5,738 52-week high, long-term ceiling

🚦 Momentum Signals

Short-Term: Mild bullish consolidation, potential breakout if volume picks up.

Entry Zone: ₹4,700–4,750 (on pullback with support confirmation)

Exit Zone: ₹4,950–5,100 (watch for breakout or rejection)

⚠️ Overall Outlook

Pattern: Higher highs and higher lows, classic bullish structure.

Phase: Consolidating within uptrend

Strengths: Zero debt, strong ROCE/ROE, positive PAT growth, PEG ratio supports valuation.

Watchlist: FII holding dipped slightly, but DII increased—mixed institutional sentiment.

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