Dilip Buildcon Limited (DBL) Stock - Complete Technical Analysis - Dec 03, 2024

"Dilip Buildcon Stock Analysis Support & Resistance Levels Technical 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.

Dilip Buildcon Limited (DBL) has been experiencing fluctuating market conditions with the stock currently priced at 500.75. The stock is trading 14.8% below its 52-week high and 46.8% above its 52-week low. Over the past week, DBL has shown volatility, with notable price moves between 490 and 501.

Currently, the price is near the 500 level. Support is at 493.55, with resistance at 501.95. If the price breaks above 502, it may test higher levels like 510, but if it fails to maintain support at 493, it could retreat to lower levels like 475.

Looking at the technical indicators:

The RSI (Relative Strength Index) is at 58.2, indicating neutral conditions.

The MACD remains in negative territory, signaling weakening momentum.

The Stochastic indicator is overbought, hinting at the possibility of a pullback.

The Awesome Oscillator shows weak bullish momentum.

The ADX (Average Directional Index) of 19.01 suggests that there is no strong trend at present, and the stock may be consolidating.

The current spinning top candlestick pattern highlights indecision in the market. A confirmation of a break above 502 could signal further bullish momentum, while a dip below 493 could indicate further downside potential.