Gillette India Limited (GILLETTE) Stock - Complete Technical Analysis - Nov 08, 2024

Gillette India Stock Analysis: Key Support & Resistance Levels for Traders Technical Insights

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.

Gillette India (GILLETTE) has recently seen some price fluctuations, with the current trading price of 9,817, just below its 52-week high of 10,633. Despite these drops, the stock remains strong, trading above its 200-day moving average, which is at 7,802.77, indicating long-term bullish sentiment. The stock is in an uptrend, as shown by the Exponential Moving Averages (EMAs), with the 10-period EMA acting as a short-term support.

The MACD confirms this trend, staying above its signal line, which typically indicates upward momentum. At the same time, the RSI of 59.76 is not yet in the overbought range, suggesting there may be potential for more upward movement in the near term. The Awesome Oscillator adds to the positive outlook, suggesting that momentum remains on the bullish side.

Resistance levels are expected near 10,100 and 10,270, with the 52-week high of 10,633 acting as a critical target. On the downside, 9,723 is a key level to watch for potential support, with lower support near the 9,500 mark.

Recent volatility is evident with an ATR of 240, which implies sharp movements. Traders should monitor key levels closely: breaking above resistance could lead to further gains, while a drop below support could trigger a bearish reversal. Overall, this stock seems to be in an uptrend, but it's important to keep an eye on potential reversals.