Dalmia Bharat Sugar and Industries Limited (DALMIASUG) Stock - Complete Technical Analysis - Nov 26, 2024

Dalmia Bharat Sugar (DALMIASUG) Stock Analysis Support, Resistance & Key Indicators for Nov 2024

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. Dalmia Bharat Sugar and Industries Limited (DALMIASUG) is currently trading at 425.25, significantly below its 52-week high of 585. Despite being above its 52-week low, the stock exhibits mixed technical signals. The ADX of 32.51 points to a moderately strong trend, while the RSI at 43.56 and Stochastic at 28.95 suggest potential oversold conditions. The MACD reading of -21.03 shows a bearish trend, but waning momentum indicates possible reversal.

Short-term moving averages suggest resistance, but the bullish Three White Soldiers pattern hints at a potential recovery. Volatility is moderate, as indicated by ATR values around 180. Key support is at 398, with resistance near 456. Traders should look for confirmation of upward movement before entering positions, with cautious monitoring around support levels for a potential reversal.