Goodluck India Limited (GOODLUCK) Stock - Complete Technical Analysis - Sep 12, 2024

Goodluck India Stock Analysis Key Support & Resistance Levels Technical 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. Goodluck India Limited is currently trading at 1,204. The technical analysis reveals that the stock is experiencing strong upward momentum. The RSI is in the overbought zone, suggesting that the stock may be due for a pullback or consolidation. The MACD and Awesome Oscillator indicate strong positive momentum, reinforcing the bullish trend. However, the stock faces resistance near the 1,220 to 1,260 range, as suggested by various moving averages and pivot points. On the downside, key support levels are around 1,070 to 1,120, where the stock has previously shown strength. The ADX confirms a strong trend, but the high ATR indicates significant volatility. The recent inside candle pattern indicates that the stock has been trading within a narrow range, and traders should watch for a breakout or breakdown from this pattern to gauge the next directional move. Overall, while the stock is showing robust performance, be cautious of potential volatility and watch for key support and resistance levels.