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Primo Chemicals Limited

PRIMO.BO Technical Analysis Summary (BSE)

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

PRIMO.BO●BSE
Basic MaterialsChemicals
₹23.78
₹0.26(1.08%)
Indian Market opens in 35h 10m

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

PRIMO.BO Technical Analysis Summary (BSE)

Primo Chemicals Limited (BSE: PRIMO.BO) stock currently shows a bullish trend on the BSE, supported by momentum and strong buying pressure.

Overall Sentiment:Buy
Momentum:Neutral to Bullish (RSI: 50.51)
Trend Strength:Strong (ADX: 33.57)
Volatility:High (ATR: 1.41)
Support/Resistance:$21.62 – $25.33 (Bollinger Bands)

Technical conditions suggest Primo Chemicals Limited on the BSE is awaiting a decisive move. Technical conditions suggest Primo Chemicals Limited is consolidating, awaiting a decisive move.

Momentum Indicators

RSI (14): 50.51

Bullish
Above midpoint suggests upward bias.

Stochastic %K: 38.47

Bearish
Momentum remains weak below midpoint.

Williams %R: -65.72

Bearish
Sellers maintain momentum below neutral.

Rate of Change (ROC): 2.28

Bullish
Steady upward momentum.

Takeaway:Primo Chemicals Limited shows neutral momentum, with indicators pointing to indecision.

Trend & Volatility

MACD: 0.05

Bullish
Bullish, trend momentum is strengthening.

ADX: 33.57

Strong
Strong trend, momentum well established.

ATR (14): 1.41

Low
Low volatility, stable price action.

CCI (14): 22.48

Bullish
Bullish, momentum building upward.

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

Support & Resistance indicators
Bollinger Bands
Upper Band
$25.33
Middle Band (SMA 20)
$23.48
Lower Band
$21.62
Current Position
Within Bands

Takeaway:Primo Chemicals Limited trades around the middle band, reflecting balanced price action.

Keltner Channels
Upper Channel
$26.52
Middle Line (EMA 20)
$23.70
Lower Channel
$20.88
Squeeze Status
Squeeze On

Takeaway:Primo Chemicals Limited trades around the middle line, reflecting balanced price action.

Volume & Money Flow Analysis
On-Balance Volume652.66K
Money Flow Index66.42Bullish, inflows support continued momentum.
Relative Vigor Index54.65Neutral to Bullish, buyers hold a slight edge.

Overall Takeaway:PRIMO.BO shows bullish money flow, with volume and vigor supporting buyers.

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

Bullish Signals

RSI above 50 → positive momentum from buyers.

MACD above 0 → bullish trend confirmation.

ADX above 20 → strong underlying trend.

Price trading above middle Bollinger Band → mid-term support intact.

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

Bearish Signals

No significant bearish signals detected.

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

(BSE: PRIMO.BO) Technical Analysis FAQ