ZFCVINDIA - Technical Analysis with Chart Patterns & Indicators

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

Technical Rating: 3.5

Here’s a detailed technical analysis of ZF Commercial Vehicle Control Systems India Ltd (ZFCVINDIA)

📊 Trend Overview

Current Trend: The stock is in a short-term reversal phase, pulling back from its 52-week high and struggling to regain momentum.

Price Action: Trading at ₹13,449, below the 50-DMA (₹13,649) and slightly above the 200-DMA (₹13,294), indicating indecision and weakening trend strength.

📈 Momentum Indicators

RSI (42.6): In the lower neutral zone, leaning toward oversold. Suggests weak momentum and limited buying interest.

MACD (-67.3): Deeply negative, confirming bearish crossover and lack of upward momentum.

Volume: Current volume (3,643) is significantly below the 1-week average (10,951), showing low participation and weak conviction.

📉 Moving Averages

Indicator Value (₹) Signal

50-DMA 13,649 Resistance

200-DMA 13,294 Support

Current Price 13,449 Between DMAs

📌 Bollinger Bands

Price is near the lower band, suggesting oversold conditions and potential for a technical bounce.

However, momentum indicators do not yet confirm a reversal.

🧭 Support & Resistance Zones

Immediate Support: ₹13,200–₹13,300 zone

Major Support: ₹12,800–₹13,000 zone

Immediate Resistance: ₹13,650–₹13,800 zone

Major Resistance: ₹14,500–₹15,000, then ₹16,685 (52-week high)

🎯 Entry & Exit Zones

Optimal Entry: ₹13,200–₹13,300 (on stabilization with MACD flattening)

Exit Zone: ₹14,500–₹15,000 (first resistance), ₹16,500+ if momentum builds

🔍 Conclusion

ZFCVINDIA is currently reversing from its highs and showing signs of weak consolidation near support. RSI and MACD reflect bearish momentum, and price action between key moving averages confirms indecision. A bounce from ₹13,200 with volume and MACD flattening could signal a short-term recovery, but until then, caution is warranted.

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