Federal-Mogul Goetze (India) Limited. (FMGOETZE) Stock - Complete Technical Analysis - Sep 13, 2024

"Federal-Mogul Goetze (India) Limited Technical Analysis Support & Resistance Levels Revealed"

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.

Technical Analysis of Federal-Mogul Goetze (India) Limited (FMGOETZE)

Federal-Mogul Goetze (India) Limited is currently trading at 447, showing notable activity in its technical indicators. The stock is 9.06% below its 52-week high of 489 and 42.05% above its 52-week low of 313.

Support and Resistance Levels:

Support Levels: Key support zones are identified around 429.39 (Camarilla S1), 414.14 (Fibonacci S1), and 400.63 (Classic S1). These levels are crucial for monitoring if the price begins to decline.

Resistance Levels: Significant resistance levels to watch are 480.93 (Classic R1), 475.49 (Fibonacci R1), and 483.45 (Woodie R1). A breakout above these levels could indicate a bullish trend.

Moving Averages:

Short-Term Trends: The Exponential Moving Averages (EMAs) and Simple Moving Averages (SMAs) indicate that the stock is currently trading above its short-term EMAs but below its long-term averages, suggesting a neutral to slightly bullish short-term outlook.

Key Moving Averages: The 10-day EMA is at 437.82, the 50-day EMA is at 434.85, and the 200-day EMA is at 398.82. The stock is above these moving averages, indicating general bullish sentiment.

Technical Indicators:

MACD: The MACD is in the negative territory, suggesting potential bearish momentum in the near term.

RSI: The RSI is at 53.61, which indicates that the stock is neither overbought nor oversold but could be heading towards the overbought zone if momentum continues.

ADX: The ADX is at 11.23, signaling a weak trend, and a breakout in either direction could result in a stronger trend.

Stochastic Oscillator: The Stochastic %K is at 41.91, which indicates that the stock is not in an extreme overbought or oversold condition.

Additional Observations:

Average True Range (ATR): The ATR values are stable, suggesting that volatility is moderate. This can be useful for setting stop-loss levels.

Chart Patterns: The stock has been trading in a range with occasional breakouts. Watch for any breakout above the key resistance levels or breakdown below the support levels for potential trade signals.

In summary, Federal-Mogul Goetze (India) Limited shows a mixed technical outlook with strong support and resistance levels. The stock's current price action suggests monitoring for potential breakout or breakdown scenarios. Keep an eye on the key levels and indicators to make informed trading decisions.