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. Technical Analysis of SMS Pharmaceuticals Limited (SMSPHARMA)
Current Price: 334
Support and Resistance Levels:
Support Levels: The stock has strong support around the 285.48 level (Classic Pivot S1) and 232.22 (Fibonacci Pivot S2). Additionally, the 321.81 level (Camarilla Pivot S2) and 330.28 (Camarilla Pivot S1) are important.
Resistance Levels: Key resistance levels include 377.88 (Classic Pivot R1), 417.02 (Classic Pivot R2), and 364.16 (Camarilla Pivot R3). The stock also faces resistance at 390.2 (Woodie Pivot R1) and 423.17 (Woodie Pivot R2).
Technical Indicators:
MACD: Currently shows a bullish signal.
RSI: Indicates that the stock is nearing the overbought zone.
ADX: The high value reflects a strong trend.
Stochastic Oscillator: The stock is in the overbought zone, suggesting a potential pullback.
EMA
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