New Delhi Television Limited (NDTV) Stock - Complete Technical Analysis - Sep 13, 2024

NDTV Stock Analysis: Bearish Trends & Key Support Levels September 2024 Review

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. New Delhi Television Limited (NDTV) is currently trading at 193. The technical indicators paint a bearish picture for the stock. The RSI is in the oversold territory, suggesting that the stock may be under selling pressure. The MACD is negative, which further supports the bearish outlook. The Stochastic %K and Stochastic RSI also indicate oversold conditions, pointing to a potential for a short-term rebound, but the overall trend appears weak.

The ADX is relatively high, suggesting that there is a strong trend in place, although the current trend is downward. The stock is trading below its key moving averages, including the Exponential and Simple Moving Averages, which indicates a bearish trend. The Commodity Channel Index and Williams Percent Range are both in negative territory, reinforcing the weak buying pressure.

The current price is significantly below its 52-week high and slightly above its 52-week low. The presence of key support levels near the recent lows suggests that the stock could find some stability around these levels if the selling pressure persists. Traders should keep an eye on these support levels and look for any reversal signals for potential buying opportunities. Overall, the stock's technical setup suggests caution, with a focus on monitoring for signs of a trend reversal.