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Adani Wilmar Limited (AWL) Stock - Complete Technical Analysis - Sep 17, 2024

Adani Wilmar Limited (AWL) Stock Analysis Key Support & Resistance Levels

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. Adani Wilmar Limited (AWL) is currently trading at 358, which is 12.81% below its 52-week high and 25.23% above its 52-week low. The stock has been experiencing mild downward pressure, as indicated by a neutral RSI and a declining MACD, which shows limited momentum. The ADX reflects a weak trend, meaning the stock lacks a clear directional bias, while the Stochastic %K and Williams Percent Range suggest that the stock is nearing oversold territory, which could imply a potential short-term rebound.

Awesome Oscillator and Bull Bear Power indicators highlight the current bearish sentiment, with negative momentum continuing to push the stock downward. However, with the price hovering near key moving averages, any positive movement in volume or momentum could drive the stock higher.

Support can be identified near 345 and 330, while resistance lies around 370 and 390. A break below 345 could lead to further downside, while a break above 370 could signal a bullish reversal. Traders should monitor volume and MACD crossovers for confirmation of any new trends.





 

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