Technical Momentum Shifts Amid Mixed Indicators
Technical Trend Overview
Permanent Magnets has experienced a change in its technical trend from mildly bearish to sideways, signalling a potential pause in the previous downward momentum. The daily price closed at ₹856.00, marginally above the previous close of ₹855.00, reflecting a day change of 0.12%. The stock’s 52-week range spans from ₹600.00 to ₹1,229.90, indicating significant volatility over the past year.
Examining the moving averages on a daily basis, the stock shows a mildly bullish inclination, suggesting that short-term price averages are beginning to support upward movement. However, weekly and monthly indicators present a more nuanced picture, with some oscillators signalling caution.
MACD Signals: Divergent Weekly…
