Johnson Controls - Hitachi Air Conditioning India Limited (JCHAC) Stock - Complete Technical Analysis - Sep 12, 2024

Johnson Controls-Hitachi India Stock Analysis Key Support & Resistance Levels September 2024

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. Johnson Controls - Hitachi Air Conditioning India Limited is currently trading at 2096. Technical indicators reflect a generally bullish trend, with the stock above most moving averages. The stock faces immediate resistance around the 2150 to 2200 range, which aligns with recent highs and pivot levels. Support is established near 2000, aligning with the recent low and the 20-day moving average.

The stocks recent Spinning Top candlestick suggests market indecision, which could mean a period of consolidation or a potential reversal. With the MACD showing strong bullish momentum and the RSI nearing neutral levels, the stock could experience some short-term volatility before establishing a clearer direction. The average true range indicates high volatility, so traders should be prepared for significant price swings. Monitoring these levels closely will be key in making informed trading decisions.