IGI Logo

Anand Rathi Shares and Stock Brokers Ltd

BUY 27 OCT 2100 PUT SELL 27 OCT 2000 PUT Entry Range 35 – 40 Target 80 Stop Loss 15

• ANANDRATHI is witnessing sustained pressure after a decisive breakdown below rising tradeline support and consolidating near the 2,150-2,180 zone. The recent price action indicates limited upside momentum and exhibits a cautious undertone on the daily chart.

• The stock price is currently trading below its key moving averages of the 20-DEMA and 50-DEMA, offering immediate overhead resistance. Sustained trading below these averages could weaken the structure and trigger further downside towards the 2,050-2,000 zone.

• Momentum indicators remain subdued, with RSI hovering near 40, reflecting a lack of strong buying interest. The MACD histogram is also trading in a negative trajectory, suggesting that the underlying momentum continues to remain weak. Overall, the bias remains sideways to bearish below the 2,200 mark

Please refer disclaimer at https://www.religareonline.com/disclaimer

SEBI Registration number is INZ00017433