Nalwa Sons Investments Limited (NSIL) Stock - Complete Technical Analysis - Aug 30, 2024

Nalwa Sons Investments Limited (NSIL) Technical Analysis: Key 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. Nalwa Sons Investments Limited (NSIL) is currently trading at 4,572, showing a dynamic technical profile. The stock's Average Directional Index (ADX) is indicating a strong trend with moderate bullish momentum. The Relative Strength Index (RSI) is positioned in neutral territory, suggesting neither overbought nor oversold conditions. The Stochastic %K and Stochastic RSI Fast are also in neutral ranges, reflecting a balanced market sentiment.

The MACD level is positive, indicating that the short-term momentum is stronger than the long-term, suggesting a potential bullish outlook. The Momentum indicator confirms this bullish trend with high readings. The Awesome Oscillator is also suggesting positive momentum, reinforcing the potential upward movement. However, the Ultimate Oscillator is in the lower range, indicating potential consolidation or corrective movements ahead.

Moving averages provide crucial support and resistance levels. The stock is trading above its short-term Exponential Moving Averages (EMA) but below its longer-term EMAs, signaling a mixed trend. Specifically, the 10-day EMA stands at 4,574.22, while the 200-day EMA is at 3,639.06. The Simple Moving Averages (SMA) reflect similar trends, with the 10-day SMA at 4,604.27 and the 200-day SMA at 3,584.78.

Pivot points are crucial for understanding potential support and resistance levels. The Classic Pivot Point stands at 4,484.8, with resistance levels at 4,817.6, 5,107.8, and 5,730.8, and support levels at 4,194.6, 3,861.8, and 3,238.8. Camarilla pivots suggest similar support and resistance, with resistance levels at 4,584.51 and 4,641.62, and support levels at 4,470.29 and 4,413.18. Fibonacci and Woodie pivots also provide overlapping levels, reinforcing the key price zones.

The Average True Range (ATR) for the past 14 days highlights volatility, with readings fluctuating around 460.42 to 592.04, suggesting significant price movement potential.

In summary, while NSIL is showing some bullish tendencies with positive MACD and momentum indicators, it is important to watch key resistance and support levels for any potential reversals or breakout opportunities. Traders should monitor price action around the pivot points for actionable insights.