Oberoi Realty Limited (OBEROIRLTY) Stock - Complete Technical Analysis - Nov 19, 2024

Oberoi Realty Analysis: Key Support & Resistance Levels Explained

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.

Oberoi Realty's stock, trading at 1932.75, reflects a cautious market outlook as the stock remains below its 52-week high of 2089.9. A recent Shooting Star pattern suggests resistance at higher levels, while the Bullish Harami indicates potential support near 1900.

Indicators paint a mixed picture: RSI is neutral at 48, MACD shows bullishness, and Stochastic suggests oversold conditions, signaling a possible rebound. ADX indicates weak trend strength, urging caution for directional trades. Moving averages underline long-term bullishness, with 200-day EMA and SMA providing robust support around 1700.

Chart analysis reveals strong resistance at 2000 and a pivot around 1950. A sustained move above 1980 could signal a breakout, while a breach below 1900 may confirm bearish sentiment. The current ATR suggests volatility, so traders should position themselves with clear stop-loss levels.

Investors should monitor key levels and indicators to capitalize on potential breakout or breakdown scenarios. Stay cautious but ready to act as volumes may dictate the next major move.