Yatra Online Limited (YATRA) Stock - Complete Technical Analysis - Sep 12, 2024

Yatra Online Limited (YATRA) Stock Analysis: Support, Resistance & Key Indicators Explained

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.

Technical Analysis of Yatra Online Limited (YATRA)

Yatra Online Limited is currently trading at 141.39, showing a significant drop of approximately 27.12% from its 52-week high of 194.0 and a rise of about 17.82% from its 52-week low of 120.0. This stock's recent price action suggests some indecision, as indicated by the formation of a Doji and a Spinning Top pattern. The Doji signifies market indecision with the opening and closing prices being nearly identical at 141.5 and 141.39, respectively. The Spinning Top further reflects uncertainty in the market, with a small body and long wicks on both sides.

Support and Resistance Levels:

Support Levels: The stock is finding support around the 131.04 to 139.97 range, with notable levels at Classic Pivot S1 and Camarilla Pivot S3. A further dip might see support around the Fibonacci Pivot S1 and Woodie Pivot S1 levels.

Resistance Levels: Immediate resistance is seen around 142.47, which is the Classic Pivot Point and also aligns with the Camarilla Pivot P and Fibonacci Pivot P levels. A break above this could push the stock towards higher resistance levels around the 150.26 to 159.82 range.

Technical Indicators:

MACD: The MACD level is currently positive, indicating bullish momentum. However, it's essential to watch for any crossover signals.

RSI: The Relative Strength Index is at 54.52, suggesting that the stock is neither overbought nor oversold.

ADX: The ADX value of 26.45 points to a moderately strong trend, but with some signs of potential weakening.

Stochastic and Williams %R: Both indicators show neutral conditions, suggesting that the stock might be in a consolidation phase.

Moving Averages: The stock price is trading near its short-term EMA (10) of 141.15 and SMA (10) of 143.24, indicating a possible level of support. The EMA and SMA trends are relatively flat, showing no strong directional bias.

Chart Patterns and Observations: The recent Inside Candle pattern with a high of 145.0 and a low of 138.5 confirms the stock is trading within this range, with a consolidation phase lasting for about 2 days.

In summary, Yatra Online Limited is currently in a phase of indecision with mixed signals from its technical indicators. Traders should watch for breakouts or breakdowns from the current support and resistance levels to gauge the next significant move.