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.
De Nora India Limited has shown resilience after its recent price surge. Trading at 1391.70, it is 31.27 percent below its 52-week high, but with strong support levels around 1320. The bullish engulfing pattern on the daily chart signals potential upward momentum. The RSI and Stochastic indicators highlight slightly overbought conditions, but MACD divergence supports further growth.
Moving averages reveal a short-term bullish trend, as prices are above the 10- and 20-day EMA but face resistance at the 50-day EMA. ADX indicates the strength of the ongoing trend is moderate. A key resistance level is at 1450, and a breakout could lead to further rallies. Conversely, a failure to hold 1320 could lead to declines toward the 1250 range. Investors are advised to stay cautious and look for volume confirmations.
Visit My YouTube Channels for More Content:.
Channel 1 :
ParthaKuchana : For video tutorials on tech, career advice, industry insights, global military tech.
Youtube Channel Link :
View Channel
Youtube Channel Subscription Link : Mention channel subscription link :
Subscribe
Channel 2 :
Partha Kuchana - Finance: For in-depth stock market analysis, technical and fundamental analysis of stocks, investment ideas, and tips.
Youtube Channel Link :
View Channel
Youtube Channel Subscription Link : Mention channel subscription link :
Subscribe
Channel 3 :
Partha Kuchana - Stock Analysis : For in-depth stock market analysis, technical and fundamental analysis of stocks, investment ideas, and tips.
Youtube Channel Link :
View Channel
Youtube Channel Subscription Link : Mention channel subscription link :
Subscribe
Follow me on X :
@ParthaKuchana
Join my Telegram Channel :
ParthaKuchana