Gillette India Limited (GILLETTE) Stock - Complete Technical Analysis - Sep 18, 2024

Gillette India (GILLETTE) Stock Analysis: Support & Resistance Insights for September 2024

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.

Gillette India Limited (GILLETTE) is currently priced at 9,006. The stock is experiencing a mix of bullish and indecisive signals. The RSI suggests a bullish momentum but is approaching the overbought zone. Meanwhile, the MACD is in a positive position, indicating upward strength, although the Momentum indicator is relatively low, suggesting slower movement.

The Average Directional Index (ADX) indicates a strong trend, which could mean continued volatility. The current support levels are around 8,730 and 8,421, while resistance might be encountered at 9,050 and 9,200. The recent Inside Candle pattern highlights a period of consolidation, suggesting potential indecision in the market.

Given the ATR readings, expect moderate to high volatility. Traders should be cautious of possible fluctuations within the support and resistance levels and consider the stock's consolidation phase for entry or exit points.