New Delhi Television Limited (NDTV) Stock - Complete Technical Analysis - Nov 01, 2024

NDTV Stock Analysis: Key Levels & Trading Insights for Investors

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. Analyzing NDTV, we observe that the current price is around 170, sitting 44.86% below its 52-week high of 307.85, yet 9.78% above its 52-week low of 154.63. The stock has shown volatility recently, with a notable jump on October 31. Opening at 165.49, it reached a high of 169, closing at 168.10. However, on November 1, it opened at 168.80 but faced resistance in the 171-172 area, ultimately closing at 169.76.

With an ADX reading of 44.57, we note a strong trend, but the RSI at 42.25 signals potential oversold conditions. The bearish MACD level and low Bull-Bear Power indicate weak buying pressure. The stocks classic pivot points suggest immediate support around 171 and Woodie pivot at 170.81, with resistance near 187.86.

Additionally, the high Stochastic RSI hints at a potential reversal, while the EMAs suggest resistance exists for upward movements, especially near the 200-day EMA at 210.84. In summary, while NDTV is experiencing volatility and may find short-term support, the bearish indicators caution traders to remain vigilant around key price levels for any significant movements.