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.
Fedbank Financial Services Limited (FEDFINA) is currently priced at 119.08, which is 22.47% below its 52-week high of 153.6 and 9.50% above its 52-week low of 108.75. The stock's RSI indicates a slightly oversold condition, suggesting potential for a rebound. The MACD shows a bearish signal, while the Stochastic indicators reflect a lack of momentum. Recent candle patterns reveal a Doji, indicating indecision in the market, which is further emphasized by the Spinning Top formation. With an Average Directional Index indicating a weak trend, traders should look for key support at around 113.74 and resistance near 121.86. Monitoring these levels will be crucial for making informed trading decisions.
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