Gillette India Limited (GILLETTE) Stock - Complete Technical Analysis - Nov 29, 2024

Gillette India (GILLETTE) Stock Analysis: Support, Resistance & 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. Gillette India Limited (GILLETTE) is showing mixed technical signals, with the stock currently trading at 9,812.70, approximately 8.3% below its 52-week high of 10,699. The stock is 64.75% above its 52-week low, suggesting a significant recovery since December 2023. The stock's momentum is neutral as indicated by the RSI at 54.65, while the MACD shows bullish potential.

Support is seen around the 9,633 mark (20-day EMA), and the next significant support level is at 9,506 (30-day EMA). If the stock breaks above the 10,000 level, a continuation toward the 52-week high is possible. On the other hand, a break below 9,500 could indicate further consolidation.

Recent candlestick patterns, including a Doji and a Bullish Harami, suggest market indecision but potential for an upside. The ATR indicates increased volatility, and the stock could experience sharp price swings in the short term. Long-term investors might find value in dips near support levels, but short-term traders should wait for confirmation of a breakout or trend reversal.

For now, GILLETTE is in a consolidation phase, so a wait-and-see approach may be ideal for traders looking for clearer signals.