CRISIL Limited (CRISIL) Stock - Complete Technical Analysis - Nov 19, 2024

CRISIL Stock Technical Analysis Price Action, Support & Resistance Levels Trading 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. CRISIL Limiteds stock is in a consolidating phase, trading at 5,268.90, down 6.5% from its 52-week high, signaling short-term weakness. The price recently tested the lower support zone around 5,230 and bounced back. In the short term, 5,353 is a critical resistance level. A breach above could push the stock higher, potentially revisiting its highs. However, a drop below 5,230 could lead to more downside, testing deeper support levels near 5,171.

The technical indicators suggest the stock is currently in a neutral zone. The RSI is at 54.98, indicating no extreme momentum. The ADX is above 40, highlighting a strong trend, though the overall market direction remains unclear. The MACD and momentum are showing bullish signals, indicating that the stock might be in a potential upward move, but with caution due to high volatility and recent price gaps.

With an ATR showing significant price fluctuations, traders should be prepared for potential reversals and watch for price action around key levels. Momentum indicators like the Williams Percent Range and Stochastic RSI suggest the stock is nearing an oversold condition, hinting at a possible rebound.