Gabriel India Limited (GABRIEL) Stock - Complete Technical Analysis - Nov 22, 2024

Gabriel India Stock Technical Analysis: Key Support, Resistance & Patterns NSE Analysis

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) is currently trading at 426.85, well below its 52-week high of 559.55, offering traders an opportunity for a rebound. The stock has recently shown bullish patterns, with both a bullish engulfing and a morning star pattern appearing on the chart. This suggests a potential reversal, which could lead to a short-term upward move.

Support is located at around 402.87, and the first key resistance level is near 465.78, with the stock facing obstacles around its 50-day and 200-day EMAs, which are at 458.44 and 432.78, respectively. The RSI is at 41.72, indicating a neutral position, and the ADX is strong at 34.85, showing the potential for a significant trend shift. However, the MACD at -11.39 and the Stochastic oscillator suggest some cautiousness, as the stock has been in a downtrend recently.

For traders, keeping an eye on the 430-440 levels will be crucial. If the stock can break through this resistance zone, it could move higher toward the 460-470 region. With strong technical patterns and indicators, Gabriel India may be setting up for a rebound.