India Tourism Development Corporation Limited (ITDC) Stock - Complete Technical Analysis - Nov 14, 2024

ITDC Stock Analysis: Support, Resistance & Key Indicators 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. The technical analysis of India Tourism Development Corporation Limited (ITDC) shows a stock trading at 591.55, with a 52-week high of 930.8 and a low of 405.9. Recent price action has exhibited volatility, highlighted by a spinning top candlestick, which signals indecision in the market.

The Relative Strength Index (RSI) stands at 40.59, showing the stock is nearing oversold territory, though it still has room to potentially move upward. The Stochastic RSI is in a bullish zone at 78.55, suggesting that ITDC may experience a short-term rally if it can break through resistance levels. The Average Directional Index (ADX) is at 18.17, signaling a weak trend, which may indicate the stock is in a consolidation phase.

Looking at moving averages, the stock is below its short-term 10 and 20-day exponential moving averages (EMAs), but it holds above the longer-term 50 and 100-day EMAs, suggesting that a shift to a more neutral or bullish trend could be possible if the stock stabilizes. Key support levels are at 590 to 600, while resistance is found near the 609-620 range.

The Average True Range (ATR) of 59.41 shows that the stock has seen moderate volatility, indicating that price swings in the range of 50-60 points are not uncommon. Traders should keep an eye on the price action around these key levels for any breakout or breakdown. With weak trend strength indicated by the ADX, ITDC is currently consolidating within a range, and a breakout from this range could determine the next significant move.