DCX System Ltd. Stock Analysis by Yagnesh Patel
Yagnesh Patel 
DCX System Ltd. technical analysis with support & resistance levels
DCXINDIA Stock Analysis
- Trend Analysis: The stock has been trading within a wide range for the past 4 to 5 months, with upper resistance at ₹355 and lower support at ₹300. Stock price made a high of ₹451 in July 2024 & Dropped to a low of ₹280 in October 2024. Since October, the stock has been consolidating in a sideways range.
- Volume Analysis: A noticeable increase in volume over the past week, while the price remains in its trading range. This could indicate the entry of institutional or large players into the stock.
- Price Action: On 17th December 2024, the stock rose by 8% in a single day with very high volumes. The subsequent 2-day retracement brought the price back to its median level, followed by a bounce. This price action reflects strong bullish sentiment.
- MACD Indicator: The MACD has crossed above the zero line on the daily chart, entering the positive zone. This is a bullish signal and suggests potential upward momentum in the price.
Conclusion: We are expecting stock price may go yp side from here cmp – 334.80 levels
Important Resistance: 349 - 364 - 393
Important Support: 320 - 306 - 277
Analyst: Yagnesh Patel
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SEBI Registered Research Analyst
Registration Number: INH000016320
Email: support@yagneshpatel.in
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