WESTLIFE - Technical Analysis

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

Technical Rating: 3.4

Here’s a detailed technical analysis of Westlife Foodworld Ltd (WESTLIFE) based on the data you provided and current market indicators

📊 Trend Overview

Current Price (₹761) is slightly above both 50 DMA (₹744) and 200 DMA (₹750) — a mild bullish signal.

52W Index at 37.7%: Indicates the stock is trading in the lower third of its yearly range.

Trend Status: Consolidating, with potential for breakout if momentum builds.

📈 Momentum Indicators

RSI (50.8): Neutral zone — no strong momentum signal.

MACD (7.41): Positive crossover — suggests short-term bullish momentum.

Volume (1.2L) is below 1-week average (2.2L) — indicates low conviction in current price movement.

📉 Support & Resistance Zones

Level Price (₹) Commentary

Support 1 744 50 DMA, short-term base

Support 2 750 200 DMA, psychological support

Resistance 1 780 Minor resistance zone

Resistance 2 820 Previous swing high

🎯 Entry & Exit Zones

Optimal Entry: ₹745–₹755 (near moving average support)

Exit Zone: ₹780–₹820 (watch for breakout confirmation)

📌 Chart Pattern Insights

MACD divergence suggests building momentum, but low volume tempers confidence.

Bollinger Bands likely narrowing — signaling low volatility and possible breakout setup.

No clear reversal pattern; price action remains range-bound.

🧠 Summary

Trend: Consolidating with mild bullish bias

Momentum: Building, but not confirmed

Volume: Weak — needs pickup for breakout

Suggested Action: Watch for volume surge near ₹750. Entry near ₹745–₹755 with exit target ₹780–₹820.

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