India Motor Parts and Accessories Limited (IMPAL) Stock - Complete Technical Analysis - Sep 13, 2024

India Motor Parts (IMPAL) Stock Analysis: Key Support, Resistance, and Trends 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.

India Motor Parts and Accessories Limited (IMPAL) is currently trading at 1,384, which is 7.72% below its 52-week high and 84.83% above its 52-week low. The technical indicators present a mixed but generally positive outlook. The RSI is in the upper range, suggesting that the stock is relatively strong but not yet overbought. The MACD is also in a positive range, indicating bullish momentum.

Support levels are likely around the 1,350 to 1,370 range, where the stock has shown some resilience. Resistance is expected near the 1,400 to 1,420 range, where it has previously faced challenges. The stock is trading close to its EMA and SMA, signaling it is in a consolidation phase or preparing for a breakout.

The ADX shows a strong trend, supporting the overall bullish sentiment. The Awesome Oscillator is notably positive, reinforcing the bullish outlook. However, the Stochastic RSI is relatively low, suggesting potential short-term volatility or a pullback.

Overall, traders should watch for movements around the key support and resistance levels to determine the next directional move.