Cera Sanitaryware Limited (CERA) Stock - Complete Technical Analysis - Dec 17, 2024

Cera Sanitaryware Technical Analysis: Key Support & Resistance Levels for Traders NSE Stock Insig

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. Cera Sanitaryware Limited (CERA) is showing a mix of trends as it trades at 7,725, 28.41% below its 52-week high and 17.20% above its 52-week low. Recent price actions have indicated volatility, with highs and lows fluctuating over the last few days. The Average Directional Index (ADX) reading of 31.87 shows a strong trend in place, and with an RSI of 56.18, the stock is in neutral territory but leaning towards a potential bullish scenario. Stochastic indicators are also favoring upside potential, with a value of 66.93.

The MACD at 119.87 confirms that momentum is on the side of bulls, suggesting a possible continuation of the uptrend. The stock's moving averages are indicating short-term bullishness, with CERA trading above the 10-day EMA of 7,694, but still below the longer-term 100-day and 200-day EMAs, which could act as resistance levels. The volatility is highlighted by a high ATR of around 624.53, suggesting that sudden price movements may occur.

Support is seen at the recent low of 7,530, and a critical resistance point is around 7,990. A breakout above this resistance could signal further upside, while failure to maintain support might trigger a pullback to lower levels. Traders should closely monitor these levels for actionable signals, especially given the stocks high volatility.

In conclusion, CERA appears to be in a neutral to bullish trend, with solid momentum backing further upward movement, but caution is required as it approaches key resistance levels.