ZF Commercial Vehicle Control Systems India Limited (ZFCVINDIA) Stock - Complete Technical Analysis - Sep 05, 2024

ZF Commercial Vehicle Control Systems (ZFCVINDIA) Technical Analysis Key Support

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 ZF Commercial Vehicle Control Systems India Limited (ZFCVINDIA), the stock is currently trading at 15,846, showing notable positions within various technical indicators. The Average Directional Index (ADX) is relatively low, indicating a weak trend. The Relative Strength Index (RSI) suggests that the stock is in a neutral zone, just above the mid-point, which implies potential for both bullish and bearish movements. The MACD line is below the signal line, suggesting a bearish momentum, while the Awesome Oscillator also indicates negative momentum.

Support levels for the stock are highlighted around the Fibonacci Pivot S1, Camarilla Pivot S2, and Classic Pivot S1, which are key points to watch for potential rebounds. On the resistance side, levels around the Fibonacci Pivot R1, Camarilla Pivot R2, and Classic Pivot R2 are crucial for monitoring upward movements. The stock has recently formed an inside candle pattern, suggesting a period of consolidation within a defined range, which might precede a breakout. The 52-week high stands at 18,250, and the current price is approximately 13.17% below this level, while it is 22.13% above the 52-week low of 12,975.

The Moving Averages are indicating a mixed trend, with the shorter-term EMAs slightly above the longer-term SMAs, showing a potential shift in momentum. The Hull Moving Average is above the current price, indicating a bearish trend. Traders should keep an eye on these levels and patterns for making informed decisions.