Crest Ventures Limited (CREST) Stock - Complete Technical Analysis - Dec 10, 2024

Crest Ventures Technical Analysis Key Support, Resistance & Trends NSE Stock Analysis

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.

Crest Ventures Limited, trading at 473.50, presents an interesting scenario for traders. The stock is currently experiencing a bearish short-term sentiment with recent price fluctuations. On Dec 10, the price opened at 479.10, peaked at 479.10, then dropped to 460.60, closing at 473.50. This indicates possible short-term weakness, especially when considering that Crest is currently 23.83% below its 52-week high of 621.65.

Looking at technical indicators, the RSI of 48 suggests a neutral stance, indicating no overbought or oversold conditions. The MACD is also in the negative zone, signaling a bearish trend, but without strong momentum. The Awesome Oscillator is slightly positive, indicating some upward pressure, but it's insufficient to call for an immediate reversal. The stock faces resistance around the 480-485 range and finds support near the 460 level, suggesting a tight trading range for now.

For traders, watch for a breakout or breakdown to understand the next price direction. A break above 485 could signal the start of an uptrend, while a move below 460 might indicate further declines. The stock's volatility is moderate, as shown by the ATR, with periods of higher volatility suggesting potential price swings in both directions. The inverted hammer candlestick pattern, though bullish, is less reliable and may need confirmation from price action in the coming sessions before forming any strategic moves.