Crompton Greaves Consumer Electricals Limited (CROMPTON) Stock - Complete Technical Analysis - Sep 19, 2024

Crompton Greaves Stock Analysis: Key Support & Resistance Levels 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. Crompton Greaves Consumer Electricals Limited (CROMPTON) is currently trading at 450, which is 7.02% below its 52-week high of 484 and 72.25% above its 52-week low of 261.

The technical indicators suggest a neutral to bearish outlook for the stock. The RSI and Stochastic RSI are in oversold conditions, indicating potential downward pressure in the short term. The MACD is close to its baseline, reflecting a weakening trend, while the Awesome Oscillator and Bull Bear Power are negative, supporting the bearish sentiment. The ADX is relatively low, suggesting a weak trend.

Support levels are found around 434 and 391, while resistance is likely near 457 and 500. The stock is trading below key moving averages and pivot points, suggesting a potential challenge to break above these levels. Traders should watch for potential price corrections and monitor if the stock can regain momentum to move past resistance levels.