SJVN Limited (SJVN) Stock - Complete Technical Analysis - Sep 17, 2024

SJVN Limited (SJVN) Stock Analysis: Key Support, Resistance, and Market 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. SJVN Limited (SJVN) is trading around 129.73, showing a significant gap from its 52-week high and a notable increase from its 52-week low. The technical indicators present a mixed picture. The RSI and MACD suggest the stock is currently in a neutral to slightly bearish phase, with the MACD showing a negative divergence and the RSI reflecting a moderate level of selling pressure.

The ADX indicates a weak trend, which aligns with the stock's recent sideways movement. The current trading pattern is marked by a Spinning Top candle, suggesting market indecision. Key support levels are positioned near the Exponential and Simple Moving Averages, which may act as potential buying zones if the stock faces downward pressure. Resistance is likely to be encountered around the recent highs and near the Hull Moving Average. The ATR indicates moderate volatility, so traders should prepare for possible fluctuations in price. Overall, the technical outlook suggests caution, with focus on key support and resistance levels being essential for making informed trading decisions.