Satia Industries Limited (SATIA) Stock - Complete Technical Analysis - Sep 13, 2024

Satia Industries Stock Analysis: Key Technical Insights & Support/Resistance Levels NSE 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. Let's dive into the technical analysis for Satia Industries Limited (SATIA), which is currently trading at 116. The stock shows a P/E ratio of 6.52, a book value of 93.2, and a dividend yield of 0.86%. Its ROCE stands at 23.4% and ROE at 25.4%.

Looking at the technical indicators, the Relative Strength Index (RSI) is in the neutral zone, indicating a balanced market sentiment. The MACD is showing a bearish signal, suggesting a potential downward trend. The Stochastic Oscillator is in the oversold region, which could imply a possible rebound or reversal in the near future.

The Average Directional Index (ADX) is relatively low, pointing to a weak trend. The Awesome Oscillator and Commodity Channel Index (CCI) both suggest bearish momentum. The Bull Bear Power is negative, further supporting the bearish outlook.

In terms of moving averages, the stock is trading below its key exponential and simple moving averages, indicating potential resistance at these levels. The Exponential Moving Averages (EMA) and Simple Moving Averages (SMA) for various periods are showing a downward trend, which aligns with the current bearish signals.

Pivot points indicate that immediate support is around 113, with resistance at 121. The Hull Moving Average is lower than the current price, suggesting potential support. The Fibonacci and Woodie pivot points also suggest that the stock might face resistance at higher levels while finding support at lower levels.

In summary, Satia Industries Limited is currently experiencing bearish momentum with several indicators suggesting potential resistance at higher levels and support at lower levels. Traders should be cautious of the resistance levels and monitor for any signs of reversal at the support levels.