OM INFRA LIMITED (OMINFRAL) Stock - Complete Technical Analysis - Sep 13, 2024

OM Infra Limited (OMINFRAL) Stock Analysis: Key Support & Resistance Levels You Need to Know

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.

OM Infra Limited (OMINFRAL) is currently trading at 180, showing a significant drop from its 52-week high and a notable increase from its 52-week low, indicating a volatile period with a strong rebound.

The technical indicators reveal a bearish outlook. The MACD is in the negative zone, suggesting downward momentum, while the Momentum indicator is also negative, reinforcing the current downtrend. The RSI is in neutral territory, but the Stochastic and Stochastic RSI are in oversold conditions, which might signal a potential reversal.

The Average Directional Index (ADX) is moderate, pointing towards a potential consolidation phase. The support levels for OMINFRAL are observed around 180 and 175, with resistance levels at approximately 190 and 195. These levels are crucial as they could influence future price movements.

The recent high volatility is evident from the ATR, suggesting that traders should prepare for possible fluctuations in the stock price. The Ichimoku Base Line and various moving averages indicate that the stock is currently below its key averages, which could imply further pressure on the price.

In summary, traders should monitor the support and resistance levels closely and watch for any potential trend changes or reversals, given the current bearish indicators and high volatility.