D B Realty Limited (DBREALTY) Stock - Complete Technical Analysis - Nov 12, 2024

D B Realty (DBREALTY) Stock Technical Analysis: Bearish or Reversal Ahead November 2024 Update

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. D B Realty (DBREALTY) is currently trading at 161.83, showing a significant decline of 43.2% from its 52-week high of 284.9. This signals the stocks current bearish phase. However, it is 3.66% above its 52-week low, suggesting some short-term resilience. The MACD and RSI point to a continuation of the downtrend, as the MACD is below the signal line and the RSI is under 50. The ADX value of 18.0 indicates weak trend strength, further supporting the notion of consolidation or sideways movement.

Looking at moving averages, the stock is trading below the 10-day and 20-day EMAs, indicating a bearish short-term trend. However, it is far from the 200-day EMA, which could act as a resistance level. On the support side, 160.5 serves as the first key support, followed by the 52-week low of 156.12. For resistance, 175.34 is a level to watch, with higher resistance at 181 and 185.

The recent price action shows a range of significant price swings, with volatility remaining high, as reflected by the ATR indicator. Traders should be cautious but can watch for reversal signals at support levels or look for opportunities when resistance breaks.