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Meyer Apparel Limited

MAL.BO Technical Analysis Summary (BSE)

Analyze MAL.BO on the BSE with RSI, MACD, ADX, Bollinger Bands, support, resistance, momentum, and the latest technical trading signals.

MAL.BO●BSE
Consumer CyclicalApparel - Manufacturers
₹2.09
₹0.08(3.69%)
Indian Market opens in 15h 18m

Disclaimer for Technical Analysis Page

The technical indicators and trading signals shown on this page are for informational purposes only and do not constitute financial advice. Stock market investments involve risk, and past performance is not a guarantee of future results. Always conduct your own research or consult a licensed financial advisor before making investment decisions.Read our Full Disclaimer

MAL.BO Technical Analysis Summary (BSE)

Meyer Apparel Limited (BSE: MAL.BO) stock currently shows a neutral trend on the BSE, supported by momentum and balanced buying pressure.

Overall Sentiment:Neutral
Momentum:Bearish to Weak (RSI: 39.04)
Trend Strength:Strong (ADX: 30.12)
Volatility:Medium (ATR: 0.06)
Support/Resistance:$2.08 – $2.87 (Bollinger Bands)

Technical conditions suggest Meyer Apparel Limited on the BSE is awaiting a decisive move. This mix signals that Meyer Apparel Limited is trading in a balanced range with no clear breakout yet.

Momentum Indicators

RSI (14): 39.04

Bearish
Below midpoint indicates downward pressure.

Stochastic %K: 0.00

Bullish
Oversold zone signals rebound potential.

Williams %R: -100.00

Bullish
Oversold zone suggests rebound potential.

Rate of Change (ROC): -21.69

Strongly Bearish
Sharp downside momentum.

Takeaway:Insufficient data to determine overall momentum trend.

Trend & Volatility

MACD: 0.02

Bullish
Bullish, trend momentum is strengthening.

ADX: 30.12

Strong
Strong trend, momentum well established.

ATR (14): 0.06

Low
Low volatility, stable price action.

CCI (14): -126.36

Bearish
Bearish, oversold conditions may spark rebound.

Takeaway:Meyer Apparel Limited shows a firm trend supported by momentum, though one signal suggests caution.

Support & Resistance indicators
Bollinger Bands
Upper Band
$2.87
Middle Band (SMA 20)
$2.48
Lower Band
$2.08
Current Position
Within Bands

Takeaway:Meyer Apparel Limited trades closer to support, showing weaker momentum within bands.

Keltner Channels
Upper Channel
$2.42
Middle Line (EMA 20)
$2.31
Lower Channel
$2.19
Squeeze Status
No Squeeze

Takeaway:Meyer Apparel Limited trades near the lower channel, signaling strong support and possible rebound.

Volume & Money Flow Analysis
On-Balance Volume38.54K
Money Flow Index0.00Bullish, oversold conditions signal rebound potential.
Relative Vigor Index15.52Bearish, price momentum favors sellers.

Overall Takeaway:MAL.BO shows oversold money flow, with rebound potential building.

Technical Trading Signals Summary
Based on the current technical analysis of Meyer Apparel Limited (BSE: MAL.BO), here are the key trading signals and recommendations:

Bullish Signals

MACD above 0 → bullish trend confirmation.

ADX above 20 → strong underlying trend.

MFI below 80 → room for more buying without overbought risk.

Bearish Signals

MACD below signal line → short-term caution on momentum.

RVI below 50 → vigor tilted toward sellers.

Overall Recommendation:Technical indicators for Meyer Apparel Limited are mixed, suggesting a Hold or wait-and-see approach.

(BSE: MAL.BO) Technical Analysis FAQ