Magna Electro Castings Technical Analysis

Magna Electro Castings Ltd Technical Analysis

Magna Electro Castings Ltd technical analysis is gaining attention among traders and investors tracking Magna Electro Castings Ltd Technical Analysis trends in the Indian stock market. Magna Electro Castings Ltd (NSE: , BSE: 517449) is currently trading at ₹1154, showing a 6.32% move as of Wed, Apr 29, 2026.

This detailed Magna Electro Castings Ltd technical analysis covers support & resistance levels, moving averages, indicators, and overall market sentiment to help investors make informed decisions.

Magna Electro Castings Ltd Stock Overview

Magna Electro Castings Ltd operates in the Producer manufacturing sector under the Metal fabrication industry. With a market capitalization of ₹4.54B and a PE ratio of 23.67, Magna Electro Castings Ltd remains a key stock to watch in Magna Electro Castings Ltd Technical Analysis searches.

Key Metrics

• Market Cap: ₹4.54B
• PE Ratio: 23.67
• Dividend Yield: 0.56
• Sector: Producer manufacturing
• Industry: Metal fabrication

These fundamentals play an important role in Magna Electro Castings Ltd technical analysis and valuation tracking.

Magna Electro Castings Ltd Support and Resistance Levels

Classic Pivot Levels

In Magna Electro Castings Ltd technical analysis, pivot levels help identify potential reversal and breakout zones.

• Resistance 3: 1142.67
• Resistance 2: 1023.67
• Resistance 1: 958.33
• Pivot Point: 904.67
• Support 1: 839.33
• Support 2: 785.67
• Support 3: 666.67

Conditional Insight

Magna Electro Castings Ltd technical analysis suggests a bearish to neutral trend as the price is below the pivot point. Immediate support is seen near 839.33 and 785.67.

Fibonacci Levels Analysis

Fibonacci levels are widely used in Magna Electro Castings Ltd technical analysis to identify retracement zones.

• Fibonacci R3: 1023.67
• Fibonacci R2: 978.21
• Fibonacci R1: 950.12
• Fibonacci Pivot: 904.67
• Fibonacci S1: 859.21
• Fibonacci S2: 831.12
• Fibonacci S3: 785.67

Magna Electro Castings Ltd technical analysis indicates consolidation between Fibonacci pivot and resistance zones.

Magna Electro Castings Ltd Moving Average Analysis

Moving averages are key indicators in Magna Electro Castings Ltd technical analysis for identifying trend direction.

• 10 EMA: 1121.70
• 20 EMA: 1056.53
• 30 EMA: 1021.13
• 50 EMA: 984.43
• 100 EMA: 961.85
• 200 EMA: 962.46

Trend Logic

Magna Electro Castings Ltd technical analysis indicates bearish pressure, with price trading below key moving averages.

Long-term trend in Magna Electro Castings Ltd technical analysis remains positive above 200 EMA.

Magna Electro Castings Ltd Technical Indicators Overview

Momentum Indicators

• RSI: 81.34
• MACD: 71.77
• Signal: 48.34
• ADX: 29.81
• Momentum: 289.05

RSI Logic

Magna Electro Castings Ltd technical analysis shows RSI in neutral range, suggesting consolidation.

MACD Logic

Magna Electro Castings Ltd technical analysis indicates bearish momentum with MACD below signal line.

Magna Electro Castings Ltd Overall Recommendation

• Overall Recommendation Score: 0.69
• Moving Average Recommendation: 0.93
• Other Indicators Recommendation: 0.45

Overall Magna Electro Castings Ltd technical analysis sentiment remains neutral with mixed signals.

Magna Electro Castings Ltd Technical Analysis Conclusion

Magna Electro Castings Ltd technical analysis suggests that traders should closely monitor price action around ₹1154 and key pivot level 904.67. Breakouts above resistance or breakdown below support will define the next trend in Magna Electro Castings Ltd technical analysis.

Investors searching for Magna Electro Castings Ltd Technical Analysis should track moving averages, RSI levels, and volume trends to identify potential entry and exit opportunities. As market conditions change, Magna Electro Castings Ltd technical analysis will continue to play a crucial role in short-term trading and long-term investment strategies.