FLUOROCHEM - Technical Analysis

Last Updated Time : 02 Aug 25, 12:58 am

📊 Technical Analysis for FLUOROCHEM (Gujarat Fluorochemicals Ltd.)

Technical Rating: 3.6

📉 Trend Overview

Current Price: ₹3,536 is below both 50 DMA (₹3,586) and 200 DMA (₹3,724) → indicates short-term and medium-term bearish bias

RSI (50.8): Neutral zone → no clear momentum, but poised for directional move

MACD (-11.5): Negative and diverging → confirms bearish crossover

Volume: Current volume (46K) is below average (54K) → low participation, suggesting lack of conviction

📈 Chart Patterns & Indicators

Moving Averages

Price below key DMAs → bearish alignment

No bullish crossover observed

Bollinger Bands

Price near middle band (~₹3,536), with upper band near ₹3,800 and lower band near ₹3,280 → range-bound movement

Support Levels

Strong support: ₹3,280–₹3,300 (lower Bollinger band and recent swing low)

Next support: ₹3,080 (52-week low zone)

Resistance Levels

Immediate resistance: ₹3,586 (50 DMA)

Major resistance: ₹3,724 (200 DMA)

Long-term resistance: ₹4,400–₹4,880 (previous highs and breakout zone)

🚦 Momentum Signals

Short-Term: Weak momentum with MACD divergence and low volume

Medium-Term: Bearish bias unless price reclaims ₹3,586 with volume

Volume Trend

Recent volume dips → no strong accumulation

DII buying (+0.73%) may support price near key levels

🎯 Entry & Exit Zones

Action Price Zone (₹) Rationale

Entry (Aggressive) 3,280–3,300 Near support, potential bounce zone

Entry (Conservative) Above 3,586 Confirmation of trend reversal

Exit (Short-Term) 3,580–3,600 Resistance zone, near 50 DMA

Exit (Medium-Term) 4,400–4,880 Long-term resistance, profit zone

🔄 Market Phase

Status: Consolidating with bearish undertone

Bias: Neutral-to-bearish; watch for MACD flattening and RSI breakout above 55

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