CRISIL Limited (CRISIL) Stock - Complete Technical Analysis - Nov 28, 2024

CRISIL Stock Analysis: Support, Resistance & Key Indicators (November 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. CRISIL Limited's current price of 5273.25 presents a nuanced technical scenario for traders. On the support side, the stock is holding above 5249, which is acting as a critical level. Below this, the next key support is around 5078, while resistance is found at 5327, with the 5362 mark showing strong rejection. The stock has formed Doji and Spinning Top candlesticks, which indicate market indecision, suggesting possible price reversals or range-bound movement in the near future.

Moving averages indicate that the short-term trend is bullish, with the stock holding above both the 10-day and 20-day EMAs, but it remains below the longer-term 50-day and 200-day averages. This shows that the stock is caught between bullish short-term movement and long-term bearish pressure.

Momentum indicators like the RSI and MACD suggest neutrality, with the stock neither showing extreme overbought nor oversold conditions. The ADX is neutral as well, indicating a lack of strong directional momentum. Traders may want to watch for price action around key levels5327 on the upside and 5249 on the downsidefor signs of breakout or breakdown. The ATR confirms that volatility is present, adding to the potential for swift moves in either direction. This stock remains ideal for traders looking for short-term setups, but clear trends have not yet emerged.