Advertisement

Meyka AI - Contribute to AI-powered stock and crypto research platform
Meyka Stock Market API - Real-time financial data and AI insights for developers
Advertise on Meyka - Reach investors and traders across 10 global markets
Loading...

Shree Ganesh Elastoplast Limited

SHGANEL.BO•BSE
Industrials
Manufacturing - Miscellaneous
₹13.23
₹-0.69(-4.96%)
Indian Market opens in 12h 35m

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 bearish trend, weighed down by selling pressure and weak momentum.

Overall Sentiment:Sell
Momentum:Bearish to Weak (RSI: 32.69)
Trend Strength:Very Strong (ADX: 43.90)
Volatility:Medium (ATR: 0.37)
Support/Resistance:$12.18 – $17.88 (Bollinger Bands)

Overall, Shree Ganesh Elastoplast Limited remains neutral, with indicators showing mixed momentum.

Momentum Indicators

RSI (14): 32.69

Bearish
Below midpoint indicates downward pressure.

Stochastic %K: 23.32

Bearish
Momentum remains weak below midpoint.

Williams %R: -70.54

Bearish
Sellers maintain momentum below neutral.

Rate of Change (ROC): -13.81

Strongly Bearish
Sharp downside momentum.

Takeaway:Shree Ganesh Elastoplast Limited shows weakening momentum, with sellers gaining the edge.

Trend & Volatility

MACD: -0.83

Bearish
Bearish, trend momentum is strengthening to the downside.

ADX: 43.90

Very Strong
Very strong trend, powerful directional momentum.

ATR (14): 0.37

Low
Low volatility, stable price action.

CCI (14): -49.37

Bearish
Bearish, momentum remains under pressure.

Takeaway:Shree Ganesh Elastoplast Limited shows weakening trend signals, with bearish pressure building.

Support & Resistance indicators
Bollinger Bands
Upper Band
$17.88
Middle Band (SMA 20)
$15.03
Lower Band
$12.18
Current Position
Within Bands

Takeaway:Shree Ganesh Elastoplast Limited trades closer to support, showing weaker momentum within bands.

Keltner Channels
Upper Channel
$15.54
Middle Line (EMA 20)
$14.80
Lower Channel
$14.06
Squeeze Status
No Squeeze

Takeaway:Shree Ganesh Elastoplast Limited trades near the lower channel, signaling strong support and possible rebound.

Volume & Money Flow Analysis
On-Balance Volume1.92K
Money Flow Index93.69Bearish risk, overbought conditions may trigger pullback.
Relative Vigor Index8.66Bearish, 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

ADX above 20 → strong underlying trend.

Bearish Signals

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

MFI above 80 → overbought conditions may limit upside.

RVI below 50 → vigor tilted toward sellers.

Overall Recommendation:Shree Ganesh Elastoplast Limited shows a Bearish signal — selling pressure is building, with trend indicators favoring downside.

Technical Analysis FAQ