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Dolphin Offshore Enterprises (India) Limited (DOLPHIN) Stock - Complete Technical Analysis - Sep 13, 2024

Dolphin Offshore Stock Analysis: Bearish Trends & Key Levels to Watch Technical Insights

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.

Dolphin Offshore Enterprises (India) Limited (DOLPHIN) is currently trading at 632, well above its 52-week low but significantly below its recent high. The technical indicators suggest that the stock is currently in a bearish phase. The RSI and Stochastic indicators indicate that the stock may be oversold, and the MACD shows a negative momentum trend.

Resistance levels are observed near the recent high of 948, while key support is found around 616. The price is trading below major moving averages, which indicates a downtrend. The stock's negative momentum and the bearish patterns suggest caution, as it could face further downward pressure. Traders should monitor the support levels closely and watch for any signs of reversal or change in the momentum indicators.







 

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