KEC International Limited (KEC) Stock - Complete Technical Analysis - Nov 29, 2024

KEC International Limited Stock Technical Analysis: Key Levels & Indicators KEC Stock Review

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. KEC International Limited (KEC) is currently showing mixed technical signals, with a price of 1054.30, just 3.69% below its 52-week high. In the last few sessions, it has been fluctuating between 1033.50 and 1059.50, forming candlestick patterns like the Doji and Spinning Top, which signal indecision. These suggest that the stock may face a reversal soon. However, the stock remains above key moving averages, indicating a bullish medium-term outlook. The Relative Strength Index (RSI) of 60.46 reflects neutral conditions, and the Stochastic Oscillator supports a moderate bullish bias.

Support is seen near 1024.03 and 1008.58, while resistance lies at the 52-week high of 1094.7. The Average Directional Index (ADX) at 24.69 suggests weak directional strength, meaning the stock could consolidate further before making a decisive move. The momentum indicator is strong at 88.65, but traders should wait for a breakout above 1059.50 to confirm bullish momentum. Conversely, a drop below 1024.03 could trigger a bearish reversal.

With an Average True Range (ATR) of 39.98, the stock is showing moderate volatility. Traders should watch for a clear move above 1059.50 or below 1024.03 to capitalize on any potential price movement in the coming days.