Technical Indicators Signal Mixed Momentum Amid Sideways Trend
Technical Trend and Moving Averages
Pokarna’s technical trend has transitioned from mildly bearish to a sideways pattern, indicating a pause in directional momentum. Daily moving averages continue to show a mildly bearish stance, which suggests that short-term price action remains under some pressure. However, this is tempered by other indicators that hint at potential stabilisation.
The stock’s current price stands at ₹932.00, marginally below the previous close of ₹933.95. Intraday price movement ranged between ₹918.70 and ₹947.70, reflecting moderate volatility within a relatively narrow band. The 52-week price range extends from ₹702.75 to ₹1,451.70, highlighting significant historical price variation.
MACD and Momentum…
