Vakrangee Limited (VAKRANGEE) Stock - Complete Technical Analysis - Sep 13, 2024

"Vakrangee Stock Analysis: Key Support & Resistance Levels to Watch VAKRANGEE Technical Review"

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.

Lets dive into the technical analysis for Vakrangee Limited (VAKRANGEE). The stock is currently trading at 21.6, which is 33% below its 52-week high and 32% above its 52-week low.

The Relative Strength Index (RSI) is near neutral, suggesting that the stock is in a balanced state, with no extreme overbought or oversold conditions. The Stochastic RSI, however, is indicating that the stock may be entering an overbought condition, which could signal a potential short-term pullback. The MACD is close to zero, indicating a lack of clear momentum in either direction.

The Average Directional Index (ADX) is relatively low, reflecting a weaker trend strength, which means that the stock might be in a consolidation phase. The Commodity Channel Index (CCI) is high, suggesting bullish momentum, while the Awesome Oscillator is positive but not strong, further supporting the mixed short-term outlook.

The stock price is above the shorter-term moving averages but below the longer-term ones. The Exponential Moving Averages (EMAs) and Simple Moving Averages (SMAs) suggest resistance levels just above the current price. The Ichimoku Base Line and Hull Moving Average are also above the current price, potentially acting as resistance.

Key support levels to watch are near the recent lows and pivot points. Resistance can be expected around the higher moving averages and recent highs. The increased Average True Range (ATR) indicates higher volatility, so traders should be prepared for potential price swings.

In summary, VAKRANGEE is currently experiencing a mixed technical situation with potential resistance at higher levels and support near recent lows. The stock might face short-term corrections but could also have opportunities depending on how it reacts to these key levels.