Banswara Syntex Ltd.Banswara Syntex Ltd. (NSE: BANSWRAS) is currently exhibiting a **Neutral** technical outlook on the monthly timeframe.
**Technical Indicators:**
- **Relative Strength Index (RSI):** The 14-day RSI stands at 53.81, indicating a neutral market sentiment. citeturn0search5
- **Moving Averages:** The stock is trading below its 50-day simple moving average (SMA) of ₹144.23 and above its 50-day exponential moving average (EMA) of ₹139.63, suggesting a mixed trend. citeturn0search5
- **MACD (Moving Average Convergence Divergence):** The MACD value is -2.43, which is below the signal line, indicating a bearish momentum. citeturn0search5
- **Stochastic Oscillator:** The Stochastic Oscillator is at 68.59, suggesting a neutral market condition. citeturn0search5
**Support and Resistance Levels:**
- **Support:** The stock has support at ₹127.62. citeturn0search5
- **Resistance:** The resistance level is at ₹137.67. citeturn0search5
**Conclusion:**
Banswara Syntex Ltd. is currently in a neutral technical position on the monthly timeframe, with indicators suggesting neither strong bullish nor bearish momentum. Investors should monitor these indicators closely, as a breakout above resistance levels could signal a bullish trend, while a drop below support levels might indicate a bearish move. It's advisable to consider these technical factors alongside fundamental analysis and broader market conditions when making investment decisions.
