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Shree Ganesh Elastoplast Limited

SHGANEL.BO•BSE
Industrials
Manufacturing - Miscellaneous
₹15.22
₹0.72(4.97%)
Indian Market is Open • 11:03

Shree Ganesh Elastoplast Limited (SHGANEL.BO) Stock Technical Analysis & Trading Signals

Live technical indicators, trading signals, and momentum insights for Shree Ganesh Elastoplast Limited (BSE:SHGANEL.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

SHGANEL.BO Technical Analysis Summary

Shree Ganesh Elastoplast Limited stock currently shows a bullish trend, supported by momentum and strong buying pressure.

Overall Sentiment:Buy
Momentum:Neutral to Bullish (RSI: 53.67)
Trend Strength:Very Strong (ADX: 40.35)
Volatility:Medium (ATR: 0.47)
Support/Resistance:$12.63 – $16.01 (Bollinger Bands)

This mix signals that Shree Ganesh Elastoplast Limited is trading in a balanced range with no clear breakout yet.

Momentum Indicators

RSI (14): 53.67

Bullish
Above midpoint suggests upward bias.

Stochastic %K: 44.76

Neutral
Mid-range signal with no clear trend.

Williams %R: -30.42

Bullish
Buying pressure building steadily.

Rate of Change (ROC): 9.34

Strongly Bullish
Strong upside momentum.

Takeaway:Shree Ganesh Elastoplast Limited shows steady upward momentum, supported by improving signals.

Trend & Volatility

MACD: -0.17

Bearish
Bearish, trend momentum is strengthening to the downside.

ADX: 40.35

Very Strong
Very strong trend, powerful directional momentum.

ATR (14): 0.47

Low
Low volatility, stable price action.

CCI (14): 60.06

Bullish
Bullish, momentum building upward.

Takeaway:Shree Ganesh Elastoplast Limited shows a firm trend supported by momentum, though one signal suggests caution.

Support & Resistance indicators
Bollinger Bands
Upper Band
$16.01
Middle Band (SMA 20)
$14.32
Lower Band
$12.63
Current Position
Within Bands

Takeaway:Shree Ganesh Elastoplast Limited trades closer to resistance, supported by stronger momentum within bands.

Keltner Channels
Upper Channel
$15.63
Middle Line (EMA 20)
$14.69
Lower Channel
$13.74
Squeeze Status
No Squeeze

Takeaway:Shree Ganesh Elastoplast Limited trades above the trend line, showing healthy momentum within the channel.

Volume & Money Flow Analysis
On-Balance Volume20.98K
Money Flow Index93.24Bearish risk, overbought conditions may trigger pullback.
Relative Vigor Index37.96Bearish, price momentum favors sellers.

Overall Takeaway:SHGANEL.BO shows mixed signals in money flow analysis.

Technical Trading Signals Summary
Based on the current technical analysis of Shree Ganesh Elastoplast Limited, here are the key trading signals and recommendations:

Bullish Signals

RSI above 50 → positive momentum from buyers.

ADX above 20 → strong underlying trend.

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

Bearish Signals

MFI above 80 → overbought conditions may limit upside.

RVI below 50 → vigor tilted toward sellers.

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

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