Kalyani Investment Company Limited (KICL) Stock - Complete Technical Analysis - Sep 02, 2024

Kalyani Investment Co. Ltd. (KICL) Stock Analysis: Key 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. Analyzing Kalyani Investment Company Limited (KICL) stock reveals a range of technical indicators and chart patterns. The current price of KICL stands at 5,928, marking a 12.87% drop from its 52-week high of 6,760.15 and a 145.42% gain from its 52-week low of 2,400. The stock's immediate resistance levels are observed at the Classic Pivot R1 of 6,335.78, with additional resistance at Classic Pivot R2 of 6,779.97 and Classic Pivot R3 at 7,704.42. Conversely, key support levels include Classic Pivot S1 at 5,411.33 and Classic Pivot S2 at 4,931.07.

The Moving Averages provide a mixed outlook: the 10-period EMA is slightly above the current price, indicating potential short-term resistance, while the 200-period EMA suggests long-term support at 4,542.92. The MACD is showing a positive momentum, but the Awesome Oscillator is in the negative territory, suggesting a cautious approach.

The RSI is hovering around neutral, implying neither overbought nor oversold conditions. The ADX indicates a weak trend strength, which might suggest consolidation or range-bound trading. The Stochastic %K and Stochastic RSI are in neutral zones, pointing to potential sideways movement. Additionally, the Bollinger Bands suggest some volatility with the current price nearing the upper band.

In summary, KICL stock is at a critical juncture, with resistance and support levels providing key trading signals. Investors should watch for price action around these levels and consider market conditions as they assess their trading strategies.