KDDL Limited (KDDL) Stock - Complete Technical Analysis - Nov 25, 2024

KDDL Limited Technical Analysis - Key Support & Resistance Levels Revealed 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. KDDL Limited (KDDL) has been showing signs of bearish pressure recently. Trading at 2648.15, the stock is far from its 52-week high of 3815.25 and above its low of 2092.05. The past few days have seen fluctuating prices, with a bearish engulfing pattern on November 25, 2024, signaling the potential for continued downward movement.

Key indicators, including the Average Directional Index (ADX), indicate weak trend strength. The Relative Strength Index (RSI) is around 46, which is not suggesting an overbought or oversold condition. The stock is trading below its short-term exponential moving averages (EMA), further confirming the bearish trend. The MACD is negative, signaling more downside pressure.

In terms of support and resistance, the stock is nearing key support zones, such as the Classic Pivot point around 2696.37. If this level is broken, the stock could experience further declines. On the other hand, if it holds at this level, traders may see a potential bounce back.

With volatility high, as seen in the Average True Range (ATR), KDDL is expected to experience continued price fluctuations. Traders should watch for sudden price surges or drops and keep an eye on support levels to anticipate the next direction.