Dhunseri Investments Limited (DHUNINV) Stock - Complete Technical Analysis - Dec 11, 2024

Dhunseri Investments Limited (DHUNINV) Technical Analysis Price Targets & Support/Resistance Leve

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.

Dhunseri Investments Limited (DHUNINV) stock has shown some interesting price action lately, with a current price around 2,285, which is about 14% lower than its 52-week high of 2,668.5. Despite this, it remains over 126% higher than its 52-week low of 1,007.1. This reflects an impressive recovery from the lows earlier in the year. However, the stock appears to be in a consolidation phase at present.

The Average Directional Index (ADX) of 11.72 suggests that DHUNINV is currently in a weak trend phase, lacking a definitive upward or downward momentum. The Relative Strength Index (RSI) at 49.38 indicates that the stock is neutral, without being overbought or oversold. On the momentum side, the MACD is currently at 9.08, showing some bullish potential, but without a strong trend just yet. The Awesome Oscillator supports this mild bullish sentiment at 35.42, although its not a convincing trend indicator on its own.

In terms of price action, DHUNINV's support level is situated around the 2,270 to 2,290 range. If the stock falls below this, there could be a further downside to the 2,200 level. On the upside, resistance is seen near 2,320 to 2,350. If the stock can break above these levels, it may continue to push higher, targeting the 2,350 to 2,400 levels. The stock's volatility, as indicated by the ATR, is relatively moderate, suggesting no extreme fluctuations in the immediate term.

Looking at recent price movement, the stock has experienced minor fluctuations over the past five trading sessions, with no major surges or drops. This indicates a period of consolidation and indecision in the market, possibly awaiting new catalysts for a breakout. Traders should focus on the support and resistance levels mentioned above and be ready to react to any price action near these zones. With the stock still in recovery mode, patience is key as DHUNINV might take time to establish a clear trend.