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Promax Power Limited

PROMAX.BO•BSE
Industrials
Specialty Business Services
₹18.63
₹-2.05(-9.91%)
Indian Market opens in 53h 33m

Promax Power Limited (PROMAX.BO) Stock Technical Analysis & Trading Signals

Live technical indicators, trading signals, and momentum insights for Promax Power Limited (BSE:PROMAX.BO).

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

PROMAX.BO Technical Analysis Summary

Promax Power Limited stock currently shows a bullish trend, supported by momentum and strong buying pressure.

Overall Sentiment:Buy
Momentum:Neutral to Bullish (RSI: 56.93)
Trend Strength:Moderate (ADX: 22.40)
Volatility:High (ATR: 1.66)
Support/Resistance:$12.07 – $19.63 (Bollinger Bands)

Overall, Promax Power Limited remains neutral, with indicators showing mixed momentum.

Momentum Indicators

RSI (14): 56.93

Bullish
Above midpoint suggests upward bias.

Stochastic %K: 88.29

Bearish
Overbought levels may trigger pullback.

Williams %R: -23.60

Bullish
Buying pressure building steadily.

Rate of Change (ROC): 17.91

Strongly Bullish
Strong upside momentum.

Takeaway:Promax Power Limited shows strong bullish momentum, with buyers firmly in control.

Trend & Volatility

MACD: 0.04

Bullish
Bullish, trend momentum is strengthening.

ADX: 22.40

Moderate
Moderate trend, direction gaining strength.

ATR (14): 1.66

Low
Low volatility, stable price action.

CCI (14): 141.52

Bearish Risk
Bearish risk, overbought levels suggest caution.

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

Support & Resistance indicators
Bollinger Bands
Upper Band
$19.63
Middle Band (SMA 20)
$15.85
Lower Band
$12.07
Current Position
Within Bands

Takeaway:Promax Power Limited trades closer to resistance, supported by stronger momentum within bands.

Keltner Channels
Upper Channel
$19.76
Middle Line (EMA 20)
$16.44
Lower Channel
$13.12
Squeeze Status
No Squeeze

Takeaway:Promax Power Limited trades above the trend line, showing healthy momentum within the channel.

Volume & Money Flow Analysis
On-Balance Volume-137.50K
Money Flow Index38.16Bearish, selling pressure outweighs inflows.
Relative Vigor Index48.35Neutral to Bearish, sellers hold a slight edge.

Overall Takeaway:PROMAX.BO shows bearish money flow, with sellers dominating volume and vigor.

Technical Trading Signals Summary
Based on the current technical analysis of Promax Power Limited, 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

RVI below 50 → vigor tilted toward sellers.

Overall Recommendation:Promax Power Limited currently shows a Buy with caution signal — momentum and trend strength are positive, but price is close to resistance and may face short-term pullbacks.

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