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Navneet Education Limited (NAVNETEDUL) Stock - Complete Technical Analysis - Nov 25, 2024

Navneet Education Stock Analysis: Key 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.

NAVNETEDUL has been under pressure, trading below key moving averages. With the MACD trending negative and Momentum indicating weakness, the stock is struggling to reclaim higher levels. Stochastic RSI reflects slight recovery potential, while Ultimate Oscillator remains bearish. Ichimoku cloud analysis highlights resistance at 139, aligning with the Classic Pivot Point.

Support at 135 is critical, as its breach could lead to further downside. Conversely, breaking above 140 with strong volume may signal bullish momentum. Recent price action shows indecision, with narrow daily ranges. This stock's fundamentals, including a PE of 13.2 and ROE of 15.5%, make it attractive for long-term holdings. Short-term traders should focus on breakout levels and watch for potential reversals supported by bullish indicators like Bull Bear Power shifting positively.







 

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