Gokaldas Exports Limited (GOKEX) Stock - Complete Technical Analysis - Nov 22, 2024

Gokaldas Exports (GOKEX) Technical Analysis: Key Support & Resistance Levels 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. Gokaldas Exports Limited (GOKEX) is currently trading at 882.45, a distance from its 52-week high of 1128. The stock has faced resistance near the 900-920 range, as seen in the recent price action. The stock's RSI is near neutral, signaling neither a strong bullish nor bearish trend, while the MACD is negative, pointing to bearish momentum. The ADX value suggests weak trend strength, indicating a possible range-bound movement.

The Stochastic and Stochastic RSI are both in the overbought territory, hinting at a potential price pullback. The stock's EMAs are acting as dynamic support and resistance levels, with the 200 EMA at 868.55 providing key support and the 50 EMA at 893.11 offering resistance. The formation of an Evening Star pattern suggests a possible bearish reversal.

Support levels are seen around 865-870, with resistance near 895-900. A break below 865 could open the door for further downside, while a breakout above 900 could lead to higher levels. Traders should closely monitor price action around these critical levels for potential entry or exit points.