Dilip Buildcon Limited (DBL) Stock - Complete Technical Analysis - Dec 18, 2024

Dilip Buildcon Limited (DBL) Stock Technical Analysis: Support, Resistance, and Key Insights Part

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. Dilip Buildcon Limited (DBL) is currently trading at 488.10, showing a 16.99% decline from its 52-week high of 588. The stock is currently above its 52-week low of 341.15, indicating a potential bullish trend in the long term. The recent price action has shown moderate fluctuations, with prices ranging from 485 to 501 in the past few sessions. The stock is nearing important support levels, around 480-485, while the resistance range is seen near 495-501.

The stock is currently exhibiting a neutral trend with the Average Directional Index (ADX) at 15.95, signaling no strong trend either way. The Relative Strength Index (RSI) at 50.12 indicates a neutral market, while the Stochastic %K at 65.78 suggests the stock is nearing the overbought territory. The MACD level is at 4.6, showing a lack of strong directional momentum.

Looking at moving averages, DBL is trading below its 10-day Exponential Moving Average (EMA) of 493.67, indicating some short-term weakness. However, the stock remains above its 200-day EMA of 475.04, suggesting that there is still support for a long-term bullish outlook. Furthermore, the Ichimoku Base Line at 469.18 provides additional support for any potential pullbacks.

Overall, DBL is trading within a range, with key support at 480-485 and resistance around 495-501. The volatility indicated by the ATR suggests that traders should be prepared for sudden price movements. It may be a good idea to wait for a breakout or confirmation of a trend before taking significant positions.