Dilip Buildcon Limited (DBL) Stock - Complete Technical Analysis - Nov 13, 2024

Dilip Buildcon Stock Analysis Support, Resistance & Trading Insights for DBL Investors

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. Dilip Buildcon Limited (DBL) is showing a mixed technical outlook as it trades at 477.25, down from the 52-week high of 588.00. The stock has recently been in a consolidation phase, with strong support around 472 and resistance near the 490-495 levels. With an RSI near 42, the stock's momentum is neutral, and the ADX at 13.19 indicates a weak trend, suggesting range-bound movement. A break below 472 could trigger a deeper decline, while a breakout above 490 could lead to a resumption of the uptrend. Watch for price action around these levels for potential trades.