Century Plyboards (India) Limited (CENTURYPLY) Stock - Complete Technical Analysis - Oct 25, 2024

Century Plyboards Stock Analysis: Key Support & Resistance Levels Revealed

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.

Century Plyboards (India) Limited is currently trading at 843.45, reflecting a significant fluctuation from its recent high of 935, observed on September 23, 2024, down 9.79%. This stock has shown resilience as it's 41.99% above its low of 594 from October 26, 2023. Recent trading patterns suggest a bearish trend as the stock has experienced notable volatility, highlighted by a recent drop from 890.45 to 843.45.

Support is primarily at 835, while resistance sits at 868. A break below 835 could signal further declines, potentially testing the 801 level. Conversely, clearing 868 could open the door to higher resistance levels around 885. Indicators like the ADX at 25.06 suggest a trend is forming, but with moderate strength. The RSI at 42.83 indicates the stock is neutral but could enter oversold territory, as shown by the Stochastic at 31.87.

The MACD shows a bearish crossover, implying a cautious outlook. The stock is trading below multiple moving averages, including the 50-day and 100-day EMAs, signaling a downward trend. Traders should remain vigilant and consider these levels and indicators when making investment decisions.