Sat Industries Limited (SATINDLTD) Stock - Complete Technical Analysis - Sep 13, 2024

"Sat Industries Ltd (SATINDLTD) Stock Analysis: Technical Insights & Key Levels NSE Update"

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.

Sat Industries Limited (SATINDLTD) Technical Analysis

Current Price: 129.06

Sat Industries Limited's current price is trading at 129.06, which is 10.37% below its 52-week high of 144.0 and 54.75% above its 52-week low of 83.4. This indicates a significant recovery from the lows but a considerable distance from the highs, suggesting potential for both further upside and caution.

Support and Resistance Levels:

Immediate Support: 123.85 (SMA 20)

Strong Support: 113.72 (Classic Pivot)

Immediate Resistance: 133.09 (Classic Pivot R1)

Strong Resistance: 147.36 (Classic Pivot R2)

Technical Indicators:

MACD: The MACD level is positive, indicating a bullish trend. This suggests that the stock is currently experiencing upward momentum.

RSI: The Relative Strength Index (RSI) is in the neutral zone, reflecting moderate bullish momentum. It's not overbought or oversold, indicating a balanced market sentiment.

ADX: The Average Directional Index (ADX) is high, suggesting a strong trend in the market. Given the value is above 40, this indicates a strong directional movement.

Stochastic RSI: This indicator is in the oversold region, suggesting that the stock might be undervalued and could see upward movement soon.

Awesome Oscillator: The positive Awesome Oscillator indicates that the current bullish momentum may continue.

Moving Averages:

Short-Term MA: The stock is trading just below the Exponential Moving Average (EMA) 10, which is at 129.57, and the Simple Moving Average (SMA) 10, at 131.53. This close proximity suggests a potential resistance level.

Long-Term MA: The stock remains above the longer-term EMAs and SMAs, which is a positive sign indicating overall bullishness.

Chart Patterns: Today's candle is a Spinning Top, which signals indecision in the market. This could imply potential volatility and a possible reversal in direction. Traders should be cautious and watch for confirmation before making any significant moves.

Volatility:

ATR: The Average True Range (ATR) indicates increasing volatility, with recent values showing a rise. This suggests that the stock may experience significant price swings, and traders should be prepared for potential fluctuations.

Overall, Sat Industries Limited shows a mix of bullish and cautious signals. The strong trend indicated by ADX and the positive MACD are encouraging, while the Spinning Top candle and high ATR suggest that traders should stay alert for potential volatility and market shifts.