Stock Overview
3M India Ltd. (NSE: 3MINDIA) is currently priced at INR 30,110.00. The company operates in the industrial sector, providing diversified technology and science solutions across various industries, including healthcare, consumer goods, and safety products.
Key Levels
Support: 26,281.90, 22,319.85
Upside Swing Zone: 31,501.00, 29,290.80
Possible Upside Levels: 40,292.75, 44,254.80, 49,301.65
Technical Indicators
RSI: The Relative Strength Index (RSI) is currently at 49.75, indicating a neutral position. RSI is a momentum oscillator that measures the speed and change of price movements, typically used to identify overbought or oversold conditions.
Volume: The volume is 83.04K, which shows the number of shares traded. Volume is a critical indicator of market activity and liquidity, helping to confirm price movements and trends.
Sector and Market Context
3M India Ltd. operates within the industrial sector, which has shown resilience and growth potential in recent years. The overall market trends indicate a mixed performance, with some sectors experiencing growth while others face challenges due to economic conditions. The industrial sector, in particular, has benefited from increased demand for technology and science-based solutions, positioning 3M India Ltd. favorably within its market.
Risk Considerations
Market Conditions: Economic downturns or unfavorable market conditions could negatively impact the stock's performance.
Sector-Specific Risks: Changes in regulations, technological advancements, or shifts in consumer demand within the industrial sector could influence the stock's movement.
Company-Specific Risks: Operational challenges, supply chain disruptions, or financial performance issues could pose risks to the stock's future performance.
Analysis Summary
3M India Ltd. shows a balanced technical outlook with key support and upside levels identified. The RSI indicates a neutral position, suggesting neither overbought nor oversold conditions. The volume reflects healthy market activity. While the industrial sector presents growth opportunities, potential risks from market conditions and sector-specific factors should be considered. Investors should monitor these key levels and indicators to make informed decisions, keeping in mind the broader market and sector context. This analysis provides a comprehensive view of the stock's technical position without making direct buy or sell recommendations.
3M India Ltd. (NSE: 3MINDIA) is currently priced at INR 30,110.00. The company operates in the industrial sector, providing diversified technology and science solutions across various industries, including healthcare, consumer goods, and safety products.
Key Levels
Support: 26,281.90, 22,319.85
Upside Swing Zone: 31,501.00, 29,290.80
Possible Upside Levels: 40,292.75, 44,254.80, 49,301.65
Technical Indicators
RSI: The Relative Strength Index (RSI) is currently at 49.75, indicating a neutral position. RSI is a momentum oscillator that measures the speed and change of price movements, typically used to identify overbought or oversold conditions.
Volume: The volume is 83.04K, which shows the number of shares traded. Volume is a critical indicator of market activity and liquidity, helping to confirm price movements and trends.
Sector and Market Context
3M India Ltd. operates within the industrial sector, which has shown resilience and growth potential in recent years. The overall market trends indicate a mixed performance, with some sectors experiencing growth while others face challenges due to economic conditions. The industrial sector, in particular, has benefited from increased demand for technology and science-based solutions, positioning 3M India Ltd. favorably within its market.
Risk Considerations
Market Conditions: Economic downturns or unfavorable market conditions could negatively impact the stock's performance.
Sector-Specific Risks: Changes in regulations, technological advancements, or shifts in consumer demand within the industrial sector could influence the stock's movement.
Company-Specific Risks: Operational challenges, supply chain disruptions, or financial performance issues could pose risks to the stock's future performance.
Analysis Summary
3M India Ltd. shows a balanced technical outlook with key support and upside levels identified. The RSI indicates a neutral position, suggesting neither overbought nor oversold conditions. The volume reflects healthy market activity. While the industrial sector presents growth opportunities, potential risks from market conditions and sector-specific factors should be considered. Investors should monitor these key levels and indicators to make informed decisions, keeping in mind the broader market and sector context. This analysis provides a comprehensive view of the stock's technical position without making direct buy or sell recommendations.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.