Gujarat Fluorochemicals Limited (FLUOROCHEM) Stock - Complete Technical Analysis - Nov 08, 2024

Gujarat Fluorochemicals Stock Analysis - Key Levels & Insights Technical & Fundamental Review

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.

Gujarat Fluorochemicals Limited (FLUOROCHEM) has shown a steady recovery from its 52-week low of 2,476 to its current price of 4,165, up 68.24%. However, it remains 14.65% below its 52-week high, indicating that while the stock is in an uptrend, it faces some resistance in the near term. The stock has recently seen volatility between 4,150 and 4,470, with a slight decline to 4,165 on Nov 8, 2024.

Looking at the technical indicators, the stock shows a neutral short-term outlook with weak trend strength as indicated by the ADX at 16.2. The RSI of 44.01 points to neutral conditions with no clear buying or selling signals. The MACD's negative reading suggests bearish momentum. In terms of price action, resistance is seen in the 4,300 to 4,500 range, with support at 4,150 and stronger support around 4,000.

For traders, the key levels to watch are 4,300 to 4,500 for a breakout opportunity, while support at 4,150 could hold the stock in a range-bound pattern. Traders should look for confirmation of trends before entering new positions.