Vidhi Specialty Food Ingredients Limited (VIDHIING) Stock - Complete Technical Analysis - Sep 12, 2024

Vidhi Specialty Food Ingredients (VIDHIING) Technical Analysis: Key Levels & Trends 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.

Vidhi Specialty Food Ingredients Limited (VIDHIING) is currently trading at 453, a notable 8.84% below its 52-week high of 496.9, which was reached on March 11, 2024. The stock is 18.71% above its 52-week low of 381.55, observed on June 4, 2024.

Technical Analysis:

Support and Resistance Levels: The stock has several key levels to watch. Immediate support is around 445.85, with secondary support at 441.2. If the price breaks below these levels, further support is at 436.56. On the upside, immediate resistance is at 459.8, with additional resistance levels at 464.44 and 473.3.

Moving Averages: The stock is trading near its short-term moving averages, with the 10-day EMA at 446.47 and the 20-day EMA at 446.72. The 50-day SMA is slightly lower at 444.43, indicating that the stock is positioned between its short-term and long-term moving averages. The 200-day EMA stands at 440.36, providing a broader trend context.

Trend Indicators: The Average Directional Index (ADX) is low at 11.72, suggesting a weak trend. The MACD is slightly negative, indicating bearish momentum, while the RSI is near neutral at 54.77, suggesting neither overbought nor oversold conditions. The Stochastic %K is 32.88, indicating the stock might be nearing an oversold condition, while the Stochastic RSI Fast is 40.54, supporting this view.

Volatility: The Average True Range (ATR) shows a range of values with a recent high of 136.10, indicating the stock has been experiencing significant volatility. This high ATR suggests traders should be cautious as price swings may be larger than usual.

Momentum and Oscillators: The Awesome Oscillator is negative at -4.67, reflecting bearish momentum. The Commodity Channel Index (CCI) at 63.48 suggests that the stock is in a mildly bullish phase. The Bull Bear Power is positive at 7.94, indicating a slight bullish trend.

In summary, VIDHIING is currently trading in a relatively tight range, with key support at 445.85 and resistance at 459.8. Traders should be aware of the weak trend signals and the high volatility as indicated by the ATR. It's advisable to keep an eye on these support and resistance levels for potential trading opportunities.