Cera Sanitaryware Limited (CERA) Stock - Complete Technical Analysis - Dec 02, 2024

Cera Sanitaryware Stock Analysis: Key Support & Resistance Levels Revealed CERA Technical Insight

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. Cera Sanitaryware Limited (CERA) is facing price volatility in the short-term. With a current price of 7,410, the stock remains 31.33% below its 52-week high, which suggests potential upside, yet it has shown resilience by staying 12.42% above its 52-week low. The stock is seeing moderate buying pressure, with an RSI of 54.19, indicating neither overbought nor oversold conditions.

However, a detailed look at the technical indicators shows that CERA is still in a bearish trend, with the MACD showing negative momentum. The price has recently closed slightly below its opening value, indicating potential weakness. The stock is trading under its key exponential moving averages (100 and 200 days), highlighting the lack of upward momentum in the medium to long term.

For short-term traders, support can be seen around 7,200 and 7,100, with resistance levels forming around 7,650-7,900. A further price pullback to these levels may present opportunities for entry if a reversal occurs. Conversely, traders should also watch for any increase in selling pressure as the price nears resistance levels. The combination of technical indicators suggests caution but also potential for profitable trades in the right conditions.

Given the volatility and potential reversals, traders should be cautious and consider using stop-loss orders to manage risk.