Geojit Financial Services Limited (GEOJITFSL) Stock - Complete Technical Analysis - Sep 02, 2024

Geojit Financial Services Stock Analysis: Key Support

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. Geojit Financial Services Limited's stock is currently trading around 136, showing a significant upward trend from its 52-week low of 50.2, and is just slightly below its 52-week high of 133. Analyzing its technical indicators, the stock exhibits strong bullish momentum. The Average Directional Index (ADX) is above 25, signaling a strong trend, while the Relative Strength Index (RSI) is in the overbought zone, indicating potential caution for short-term traders. The MACD is showing positive divergence, suggesting continued upward momentum. The Stochastic indicators are also in overbought territory, which might indicate a possible pullback.

Support levels can be observed around the 121 to 124 range, which aligns with various pivot points and moving averages. Resistance is expected near the 143 to 155 range, consistent with key pivot and moving average levels. The stock's short-term moving averages are above the longer-term moving averages, reinforcing the bullish trend. Additionally, the Hull Moving Average is positioned just above the current price, which might act as a near-term resistance. Overall, while the stock shows a strong uptrend, traders should be mindful of overbought conditions and watch for potential pullbacks near the resistance levels.