Greaves Cotton Limited (GREAVESCOT) Stock - Complete Technical Analysis - Nov 25, 2024

Greaves Cotton Limited (GREAVESCOT) Stock Analysis: Key Support & Resistance Levels Technical Ins

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. Greaves Cotton Limited (GREAVESCOT) has shown some recent price fluctuations with the current stock price at 173.21, which is 13.15% lower than its 52-week high of 199.44. The stock is still 54.58% above its 52-week low, and the recent price trend suggests moderate volatility. In the past week, the price has ranged between 168.70 and 179.00, with the last closing price at 173.21. The support levels are identified near 170.00, while resistance lies around 176.00-177.00, a zone that the stock has had difficulty breaking through recently.

In terms of technical analysis, the stock's momentum indicators show mixed signals. The RSI is at 46.95, signaling neutral momentum, suggesting the stock isnt showing strong buying or selling pressure. The MACD is showing a negative reading, confirming a slight bearish bias. The ADX reading of 15.97 indicates weak trend strength, meaning the stock is currently in a consolidation phase without clear directional movement.

Traders should keep an eye on support at 170.00 and resistance at 176.00-177.00. A breakout above the resistance could lead to an upward trend, while a breakdown below support might bring more downside. The Average True Range (ATR) suggests moderate volatility, so market movements should be monitored closely for breakout or breakdown opportunities. Always use these technical levels for safer entry and exit decisions.