Navin Fluorine International Limited (NAVINFLUOR) Stock - Complete Technical Analysis - Sep 06, 2024

Navin Fluorine Stock 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. Navin Fluorine International Limited's current price is 3,298, which is trading around 30% below its 52-week high of 4,724. The stock is currently 14.7% above its 52-week low of 2,876. From a technical perspective, the stock is showing mixed signals.

Key support levels to watch are around the 3,086 and 2,874 marks, based on classic and Fibonacci pivot points. Resistance levels are significantly higher at around 3,650 and 4,001. The stock's MACD indicates bearish momentum, while the RSI is in a neutral range, suggesting a lack of strong momentum in either direction.

The ADX value points to a weak trend, suggesting indecision in the market. Stochastic indicators show a moderate bullish bias, yet the Stochastic RSI is overbought, indicating potential for a price correction. The current price is below key moving averages, including the 50-day and 200-day EMAs, suggesting bearish pressure.

The Ichimoku Base Line and Hull Moving Average also indicate resistance above the current price. Average True Range values suggest volatility, with recent ATRs showing fluctuations. Traders should monitor these levels closely for potential reversals or breakout opportunities.