Gabriel India Limited (GABRIEL) Stock - Complete Technical Analysis - Nov 14, 2024

Gabriel India (GABRIEL) Stock Analysis: Support, Resistance & Key Technical Indicators 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. Gabriel India Limited (GABRIEL) stock, currently priced at 423.45, has been on a downward trend in the short term, trading 24.32% below its 52-week high of 559.55. This suggests a correction or consolidation phase, particularly since the price recently faced downward pressure, moving from highs of 448 to lows around 414 in just a few days.

Key technical indicators are confirming this trend. The MACD is negative, and the Awesome Oscillator also reflects weakness, suggesting that selling pressure dominates. The RSI, currently at 38.89, indicates that the stock is nearing oversold conditions, which may set up a potential reversal if buying interest picks up. However, the stock's consistent trading below important moving averages (50-day, 100-day) supports the bearish outlook.

The Average True Range (ATR) shows increased volatility, which could lead to sharp price movements in either direction. For traders looking to enter, the key support levels to watch are at 421, 405, and 400. If the price manages to hold above 421, there may be an opportunity for a short-term bounce back to resistance at 435 or higher.

Overall, traders should watch for a confirmation of price action at key levels. A break below 400 could see the stock testing even lower levels, while a break above 435 could signal a potential recovery rally.