HIL Limited (HIL) Stock - Complete Technical Analysis - Aug 30, 2024

HIL Limited (HIL) Stock Analysis: Support, Resistance

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 of HIL Limited (HIL) stock. The current price of HIL is at 2,852, trading -11.33% from its 52-week high of 3,216 and 21.58% above its 52-week low of 2,346.

Support and Resistance Levels:

Support Levels: The primary support is around the Classic Pivot S1 at 2,850.83, followed closely by the Fibonacci Pivot S1 at 2,887.13 and the Camarilla Pivot S1 at 2,982.74.

Resistance Levels: Key resistance levels include the Classic Pivot R1 at 3,172.97, the Woodie Pivot R1 at 3,173.87, and the Fibonacci Pivot R1 at 3,133.94.

Technical Indicators:

MACD: Currently shows a bearish sentiment with the MACD line below the signal line.

RSI: Indicates a neutral stance at 48.35, suggesting no extreme overbought or oversold conditions.

ADX: The Average Directional Index at 22.75 suggests a weak trend.

Stochastic Oscillator: The %K is at 62.49, and the Stochastic RSI Fast is at 78.11, which are signaling a possible overbought condition.

Moving Averages: Short-term averages like the EMA (10) and SMA (10) are near the current price, indicating potential support. The EMA (50) is slightly below, while the EMA (200) and SMA (200) suggest a long-term uptrend.

Pivot Points: Classic, Camarilla, Fibonacci, and Woodie pivots all provide a range of support and resistance levels, with the Classic Pivot Point standing at 3,010.53.

Chart Patterns and Observations:

Average True Range (ATR): The ATR values over the past 14 days suggest a high level of volatility.

Moving Averages: The stock's price is oscillating around its short-term moving averages, indicating possible consolidation or trend reversal points.

Overall, HIL Limited is showing signs of consolidation with strong support around 2,850 and resistance near 3,172. The technical indicators suggest monitoring for potential breakouts or reversals around these levels.