HLV LIMITED (HLVLTD) Stock - Complete Technical Analysis - Sep 13, 2024

HLV Limited Stock Analysis: Bullish Signals & Key Support Levels NSE 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.

HLV Limited (HLVLTD) Technical Analysis:

HLV Limited is currently trading at 19.8, showing a significant drop of 52.81% from its 52-week high of 42.0, while it is 12.61% above its 52-week low of 17.6. The stock has recently formed a Bullish Harami pattern, indicating a potential reversal after a downtrend. This pattern, along with the recent inside candle formation, suggests a possible shift in momentum.

Support and Resistance Levels:

Support Levels: The immediate support is around the Classic Pivot S1 at 19.14, followed by the Camarilla S1 at 20.68 and the Fibonacci S1 at 19.48.

Resistance Levels: Key resistance is near the Classic Pivot R1 at 22.71, with further resistance at the Woodie Pivot R1 of 23.18 and the Fibonacci R1 at 22.21.

Technical Indicators:

MACD: Currently negative, indicating bearish momentum but with a potential for reversal.

RSI: At 38, signaling that the stock is in the oversold region and could be due for a rebound.

ADX: At 24.03, suggesting a strong trend in the market.

Stochastic: Both %K and Stochastic RSI are in the oversold territory, reinforcing the potential for a bullish reversal.

EMA & SMA: Prices are below the short and long-term EMAs and SMAs, showing a bearish trend but with possible support near these averages.

Ichimoku: The Base Line is at 20.76, providing a short-term resistance level.

Volume Weighted Moving Average (VWMA): At 20.95, providing additional support.

Hull Moving Average (HMA): At 19.62, suggesting that the current price is below this trend indicator.

Overall, the combination of the Bullish Harami pattern, oversold technical indicators, and support levels suggests a potential opportunity for a reversal or bounce. Traders should watch for confirmation of this reversal with an upward movement and increased volume.