FLUOROCHEM - Technical Analysis with Chart Patterns & Indicators

Last Updated Time : 19 Sept 25, 2:16 pm

Technical Rating: 4.2

Here’s a detailed technical analysis of Fluorochem Ltd (FLUOROCHEM)

📈 Trend Analysis

Current Price (₹3,716) is above both 50-DMA (₹3,540) and 200-DMA (₹3,660) — indicating a bullish bias.

52-week Index at 34.6% suggests the stock is recovering from a deep correction, trading in the lower third of its yearly range (₹3,100–₹4,881).

Trend Status: Reversing upward, with early signs of strength.

🔍 Momentum Indicators

RSI (63.7): In the bullish zone, approaching overbought — signals strength but caution for short-term exhaustion.

MACD (66.4): Strongly positive — confirms bullish crossover and trend continuation.

Volume: At 2.5L, significantly below 1-week average (6.99L) — suggests low conviction, which may limit upside unless volume picks up.

📊 Chart Patterns & Moving Averages

Price is above key moving averages, reinforcing bullish sentiment.

Support Levels

₹3,660 (200-DMA)

₹3,540 (50-DMA)

₹3,300 (recent swing low)

Resistance Levels

₹3,900–₹4,000 (minor resistance zone)

₹4,200–₹4,400 (gap zone)

₹4,881 (52-week high)

📉 Bollinger Bands

Price is near the upper band, indicating short-term overextension.

Bands are expanding, suggesting volatility and strength in the current move.

🎯 Entry & Exit Zones

Action Price Zone (₹) Rationale

Entry 3,540–3,600 Near 50-DMA and support zone

Exit (Short-Term) 3,900–4,200 Resistance zone, potential reversal

Stop Loss 3,300 Below swing low and trendline

🧭 Summary

Trend: Reversing upward

Momentum: Strong, nearing overbought

Volatility: Expanding, with breakout potential

Strategy: Accumulate on dips near ₹3,540–₹3,600 with target ₹3,900–₹4,200. Watch for RSI cooling below 60 and MACD flattening for signs of consolidation.

Let me know if you'd like to compare this setup with other specialty chemical stocks or explore sector rotation strategies.

Edit in a page