Fino Payments Bank Limited (FINOPB) Stock - Complete Technical Analysis - Dec 06, 2024

Fino Payments Bank Stock Analysis: Key Support, Resistance, and Whats Next for FINOPB

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. Fino Payments Bank Limited (FINOPB) has been experiencing some price volatility recently, trading at 355.85, 23.80% below its 52-week high of 467. The stocks bounce from the 52-week low of 249.4, currently up 42.68%, indicates a recovery, but it is still within a consolidation phase.

In terms of technical indicators, the Average Directional Index (ADX) at 13.29 suggests that the stock is in a weak trend, and the Relative Strength Index (RSI) of 46.14 shows a neutral momentum, neither overbought nor oversold. This gives us a mixed picture in the short term. The stock has been trading between 360 and 350 recently, with the 350 level acting as support and 360-370 serving as resistance.

Key indicators like the MACD and Awesome Oscillator are showing bearish signals, suggesting that there might be more downside pressure. Traders should keep an eye on the 350 support zone, as a drop below this could signal further declines. Conversely, a breakout above the resistance zone of 360-370 could suggest an upside move, possibly targeting 380-400 levels.

Investors and traders should stay alert for any shifts in momentum and use these key levels for entry and exit strategies. Overall, its a wait-and-watch scenario for Fino Payments Bank, with support at 350 and resistance at 360-370.