Diamond Power Infrastructure Limited (DIACABS) Stock - Complete Technical Analysis - Sep 12, 2024

Diamond Power Stock Analysis Key Support, Resistance & Market Trends NSE 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. Diamond Power Infrastructure Limited is currently trading at 1,360, showing significant volatility with a recent 52-week high of 1,645 and a low of 22. The stock is experiencing bearish pressure, indicated by the negative MACD, low RSI, and the Williams Percent Range suggesting the stock is oversold. The ADX shows that the trend strength is moderate, and the Awesome Oscillator reflects a bearish sentiment.

Resistance levels are around 1,470, while immediate support can be found at 1,380. If the stock breaks below this support, further downside could test the 1,240 level. The moving averages and Ichimoku Base Line also suggest that the stock may face resistance around the 1,470-1,500 range, with potential support if it falls to the lower 1,300s. Given the high volatility indicated by the ATR, traders should be cautious and look for confirmation signals before making trading decisions.