Disclaimer: This analysis is for informational purposes only and should not be considered financial advice. Investing in stocks involves risks, and it's essential to conduct thorough research or consult with a financial advisor before making investment decisions. Filatex India Limited is currently trading at 68.1. The technical indicators suggest a bullish sentiment, with the RSI showing the stock is near overbought levels. The MACD indicates positive momentum, and the Commodity Channel Index supports this upward trend. The stock is trading just below its recent high, facing resistance around the 70 to 78 range. Key support levels are identified near the current price of 68 and potentially around 57.5. With the stock trading significantly above its 52-week low, there is a positive trend overall, but be mindful of the high ATR, which signals increased volatility. Traders should watch for a breakout above resistance for potential gains or a drop below support for possible caution.
Visit My YouTube Channels for More Content:.
Channel 1 :
ParthaKuchana : For video tutorials on tech, career advice, industry insights, global military tech.
Youtube Channel Link :
View Channel
Youtube Channel Subscription Link : Mention channel subscription link :
Subscribe
Channel 2 :
Partha Kuchana - Finance: For in-depth stock market analysis, technical and fundamental analysis of stocks, investment ideas, and tips.
Youtube Channel Link :
View Channel
Youtube Channel Subscription Link : Mention channel subscription link :
Subscribe
Channel 3 :
Partha Kuchana - Stock Analysis : For in-depth stock market analysis, technical and fundamental analysis of stocks, investment ideas, and tips.
Youtube Channel Link :
View Channel
Youtube Channel Subscription Link : Mention channel subscription link :
Subscribe
Follow me on X :
@ParthaKuchana
Join my Telegram Channel :
ParthaKuchana