D B Realty Limited (DBREALTY) Stock - Complete Technical Analysis - Sep 27, 2024

Unlocking D B Realty: Technical Analysis & Key Levels You Must Know

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. In today's technical analysis of D B Realty Limited, currently trading at 194, we observe a stock P/E of 14.8, indicating a reasonably valued company relative to its earnings. The stock has a book value of 107 and a ROCE of 15.8%, which reflects efficient capital use. However, it offers a 0.00% dividend yield, meaning no immediate income for investors through dividends.

Starting with the support levels, we find significant support around the 191-192 range, where both the 10-period and 20-period Exponential Moving Averages are positioned. The Classic Pivot S1 aligns closely here as well. If the price drops below this range, further support can be found at the 185-186 levels.

On the resistance side, the stock faces initial resistance around the 200-202 range, coinciding with the Classic Pivot level and the 50-period EMA. A breakout above this level could set the stage for a bullish rally towards the 213-214 resistance zone, where the stock has previously encountered selling pressure.

Analyzing momentum indicators, the RSI is neutral at around 49, suggesting that the stock is neither overbought nor oversold. The MACD is slightly negative, hinting at a bearish bias, but the momentum indicator shows positive movement, which could signal potential upside in the near term. The ADX is at 18, indicating a weak trend, which supports the idea of a range-bound movement for the stock.

In summary, D B Realty Limited is currently navigating a sideways market, with key support around 191-192 and resistance at 200-202. Traders should watch for price action around these levels to make informed decisions. With mixed signals from various indicators, a cautious approach is advisable until a clear trend emerges.