Cera Sanitaryware Limited (CERA) Stock - Complete Technical Analysis - Nov 12, 2024

Cera Sanitaryware Stock Analysis: Key Support & Resistance Levels Technical Insights for Traders

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. Cera Sanitaryware Limited (CERA) is trading at around 7,065, showing a decline of 34.5% from its 52-week high of 10,789. It is still 7.2% above its 52-week low, signaling some potential for a rebound. The stock has been experiencing volatility recently, with key support levels near 6,850 and resistance at 7,200.

The Average Directional Index (ADX) indicates a strong trend, and the Relative Strength Index (RSI) is hovering around oversold territory, suggesting a possible buying opportunity. However, the MACD is still in the negative zone, pointing to bearish momentum. Price action has shown both surges and drops, underlining high volatility.

The Exponential Moving Averages (EMA) suggest that the stock is still in a downtrend, but any push above 7,200 could signal a reversal. Traders should watch for a breakout above resistance or a rebound at the 6,850 level for potential entry points. If the stock manages to break higher, the next level of resistance could be at 7,500.