Shree Digvijay Cement Co.Ltd (SHREDIGCEM) Stock - Complete Technical Analysis - Sep 13, 2024

Shree Digvijay Cement Stock Analysis Technical Indicators & Support Levels 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. Welcome to the technical analysis of Shree Digvijay Cement Co.Ltd (SHREDIGCEM). Currently trading at 98.7, the stock is 20.35% below its 52-week high of 123.9 and 18.62% above its 52-week low of 83.2.

Support and Resistance Levels:

Support Levels: Around 93.97, 87.58, and 74.55.

Resistance Levels: Approximately 107.0, 113.64, and 126.67.

Technical Indicators:

MACD: The MACD is below the signal line, indicating bearish momentum.

RSI: Currently at 41.44, suggesting the stock is approaching oversold conditions.

ADX: At 15.28, the ADX indicates a weak trend, showing that the stock may be consolidating.

Stochastic %K: Positioned at 25.94, signaling potential oversold conditions.

Stochastic RSI: Very low at 15.65, reinforcing the oversold sentiment.

Commodity Channel Index (CCI): At -67.15, indicating the stock is in a downtrend.

Awesome Oscillator: Reading -1.57, which suggests bearish momentum.

Williams Percent Range: At -68.15, further indicating that the stock is in an oversold condition.

Bull Bear Power: Negative at -0.7, suggesting bearish pressure.

Ultimate Oscillator: At 36.51, indicating weakness in the stock's current upward trend.

Moving Averages:

Exponential Moving Averages (EMA): The stock is trading below its EMAs, suggesting bearish sentiment. Key EMAs include 10-day at 99.27 and 200-day at 102.19.

Simple Moving Averages (SMA): Similarly, the stock is trading below its SMAs, reflecting the overall bearish trend. Notable SMAs include 10-day at 99.44 and 200-day at 105.02.

Pivot Points:

Classic Pivot Point: 100.61.

Camarilla Pivot Point: 100.61.

Fibonacci Pivot Point: 100.61.

Woodie Pivot Point: 100.99.

Additional Observations:

The stock is experiencing high volatility with the Average True Range (ATR) around 16.87.

The Hull Moving Average is at 98.24, very close to the current price, indicating potential near-term support.

In summary, Shree Digvijay Cement is currently in a bearish phase with several technical indicators suggesting that the stock is oversold and may find support around current levels. Traders should watch for a potential reversal or consolidation around the support levels mentioned.