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. Currently trading at 1,829, Centum Electronics Limited is showing signs of indecision, with a Bearish Harami and Spinning Top formations in recent candlestick patterns. The stock is positioned 12.85% below its 52-week high of 2,099, and 38.09% above its 52-week low of 1,324. The most recent trading session opened at 1,836, reached a high of 1,849, and closed at 1,829.
The MACD indicates bearish momentum, while the RSI is at 55, showing no signs of being overbought. With an ADX value of 19, the current trend appears weak. Key support is found at 1,813, and resistance is at 1,844. A break above 1,844 could see prices aiming for 1,900, while a drop below 1,813 may lead to further declines towards 1,700. Traders should watch these levels closely for actionable signals.
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