Windlas Biotech Limited (WINDLAS) Stock - Complete Technical Analysis - Sep 13, 2024

Windlas Biotech Stock Analysis: Bullish Trends & Key Support Levels NSE Stock Insights

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.

Windlas Biotech Limited (WINDLAS) is currently trading at 906.10, which is around 4.83% below its 52-week high of 952.1, achieved on 11 September 2024, and 190.79% above its 52-week low of 311.6, recorded on 26 October 2023.

Technical Indicators & Chart Patterns:

Support & Resistance Levels:

Immediate support can be seen around the 808.88 level, which aligns with Classic and Fibonacci pivot points.

Key resistance is observed at the 910.77 level, reflecting the Classic R1 pivot.

Moving Averages:

The stock is trading above all major moving averages, with the 10-day EMA at 887.22 and the 200-day EMA at 629.74 indicating a strong upward trend.

The current price is also above the 50-day EMA of 807.02 and the 100-day EMA of 732.11, further supporting the bullish outlook.

Oscillators:

The MACD is showing a positive signal, suggesting strong upward momentum.

RSI is at 62.64, indicating that the stock is approaching the overbought territory but is still within a healthy range.

The Awesome Oscillator is positive, reinforcing the strength of the current trend.

Stochastic %K is at 69.01, which is near the overbought zone, while the Stochastic RSI Fast is at 80.27, highlighting strong momentum.

Volatility & Patterns:

The ATR is at 27.56, suggesting moderate volatility. The recent increase in ATR values indicates rising market fluctuations.

The Doji and Spinning Top patterns reflect market indecision, which may suggest a period of consolidation or a potential reversal.

The Bullish Harami pattern indicates that despite the recent indecision, there might be potential for a bullish reversal in the short term.

Pivot Points:

The stock's current trading price is above the Woodie Pivot P at 815.46, indicating bullish sentiment. The resistance at Woodie R1 of 923.92 is a significant level to watch for potential breakout opportunities.

In summary, Windlas Biotech Limited shows a strong upward trend supported by positive technical indicators and moving averages. However, the recent patterns of indecision suggest that traders should watch for potential consolidation or a possible reversal. Monitoring key support and resistance levels, along with changes in volatility, will be crucial for making informed trading decisions.