New Delhi Television Limited (NDTV) Stock - Complete Technical Analysis - Dec 09, 2024

NDTV Stock Technical Analysis: Key Levels, Trend & Reversal 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.

Looking at the oscillators, the RSI at 51 indicates neutral momentum, suggesting that the stock is not in overbought or oversold conditions. The MACD is positive but weakening, which hints at a possible bearish crossover soon. The ADX value of 15.95 confirms that the trend is weak, so traders should not expect strong directional movement in the short term. Additionally, the Shooting Star pattern indicates that there could be a potential reversal in the near future.

The stock is currently trading near the 10-day exponential moving average, which indicates a period of indecision in the market. If the stock fails to break through the resistance at 177-178, it could face a correction towards 173 or even lower. Traders should be cautious in the short term and look for clearer signals before making any significant trades. If NDTV manages to hold above 173, a potential breakout above the 177-178 range could offer some upside potential.

In conclusion, while NDTV is showing some signs of stabilization, it remains a stock to watch closely, especially with bearish signals suggesting possible downside risks if the support level at 173 breaks.