Schneider Electric Infrastructure Ltd - Technical View

Schneider Electric Infrastructure Ltd. (SCHNEIDER) - The daily technical indicators for Schneider Electric Infrastructure Ltd. signal short-term bearish momentum combined with a stabilizing long-term structural uptrend. Despite a mid-week drop, a Friday recovery brought the closing price to 1172.20. The stock trades below its short term and medium term term EMA of 10.20, and 50 Day EMA. The structural macro trend is strongly intact. The stock remains comfortably positioned above its 100-EMA (₹1,035.19) and major institutional support at its 200-EMA (₹945.96). RSI below 50 and MACD Histogram below zero suggest we might see more downside in coming days. $SCHNEIDER