Rashi Peripherals Limited (RPTECH) Stock - Complete Technical Analysis - Aug 30, 2024

Rashi Peripherals Limited (RPTECH) Stock Analysis: Key Support

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. Rashi Peripherals Limited (RPTECH) is currently trading at 422. The stock shows a mixed technical picture with several key indicators to consider.

Support and Resistance Levels:

Classic Pivot Points suggest support around 325.47 and 247.48, while resistance levels are found at 478.17 and 552.88.

Camarilla Pivot Points indicate support at 389.45 and resistance at 417.45.

Fibonacci Pivot Points set support at 341.85 and resistance at 458.51.

Woodie Pivot Points highlight support at 330.3 and resistance at 483.0.

Technical Indicators:

The MACD is positive, suggesting bullish momentum, though it is relatively modest.

RSI is in the neutral zone, indicating no strong overbought or oversold conditions.

Stochastic RSI and Stochastic %K both show neutral levels, implying that the stock is neither overbought nor oversold.

ADX indicates a moderate trend strength, neither strongly bullish nor bearish.

The Average True Range (ATR) is relatively high, reflecting increased volatility.

Moving Averages: The stock is trading near its short-term SMA and EMA, suggesting it is in a consolidation phase. The Ichimoku Base Line and Volume Weighted Moving Average are close to the current price, indicating potential support.

Chart Patterns:

The recent Doji and Spinning Top patterns indicate indecision in the market.

The Bullish Harami pattern from yesterday could signal a potential reversal, but confirmation is needed.

Overall, RPTECH is showing signs of consolidation with mixed signals from various indicators. Traders should watch for a breakout above resistance or a drop below support to confirm the next direction.