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Federal-Mogul Goetze (India) Limited. (FMGOETZE) Stock - Complete Technical Analysis - Nov 01, 2024

Bearish Trends in Federal-Mogul Goetze: Is a Price Drop Ahead

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.

Federal-Mogul Goetze (India) Limited currently trades at 399.85, which is about 18.23% below its 52-week high and 27.73% above its 52-week low. The market's recent behavior shows increasing volatility, with a bearish Shooting Star pattern indicating potential for a downtrend. Notably, the last five trading days have seen lower closing prices, despite minor highs, suggesting weakness in buyer strength. With MACD levels in negative territory and RSI showing oversold conditions, traders should be wary of potential price drops. Support lies around 368.37, and if broken, further declines could test the 341.08 level. Resistance remains firm at 420-430, highlighting the need for strong buying volume to overcome these levels. Keep an eye on these indicators as they can signal possible entry or exit points for both traders and investors.







 

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