Gujarat Fluorochemicals Limited (FLUOROCHEM) Stock - Complete Technical Analysis - Nov 29, 2024

Gujarat Fluorochemicals (FLUOROCHEM) Stock Analysis Support, Resistance & Key Levels to Watch

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. Gujarat Fluorochemicals Limited (FLUOROCHEM) is experiencing moderate volatility with a current price of 3,957. While the stock is trading significantly lower than its 52-week high of 4,880.95, it is still considerably above its 52-week low of 2,476.

The stocks technical indicators suggest a neutral to bearish outlook. The ADX at 20.37 implies that the stock is not in a strong trend, while the RSI of 42.92 suggests the stock is moving toward oversold territory but may not be there yet. The Stochastic Oscillator indicates weak bearish momentum, but a potential reversal could occur soon. The MACD is negative, reinforcing the current bearish bias.

Looking at moving averages, the stock is currently trading below the 10-period EMA, indicating short-term resistance. However, the 50-period SMA at 4,251 and the 200-period EMA at 3,686 suggest potential resistance and support levels, respectively. The ATR shows significant price swings, indicating the stock is experiencing high volatility.

The recent price action shows fluctuations, with the stock moving from lows of 3,819.65 to highs of 3,905.00 in the past few days, signaling ongoing volatility. Traders should look for a breakout above the 4,200-4,300 range for a potential bullish move, while a breakdown below 3,800 could lead to further downside.

In summary, FLUOROCHEM remains in a consolidation phase with no strong trend at the moment. It's important to keep an eye on these key support and resistance levels to determine the stock's next move.