CARYSIL LIMITED (CARYSIL) Stock - Complete Technical Analysis - Aug 30, 2024

CARYSIL STOCK ANALYSIS: Bullish Signs

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.

Let's dive into the technical analysis of CARYSIL LIMITED (CARYSIL). Currently trading at 899, the stock is showing a mix of bullish and bearish signals based on various technical indicators.

Support and Resistance Levels:

Classic Pivot Point: 796.3

Resistance Levels: R1 at 872.05, R2 at 965.6, R3 at 1134.9

Support Levels: S1 at 702.75, S2 at 627.0, S3 at 457.7

Camarilla Pivot: R1 at 794.02, R2 at 809.54, R3 at 825.06, S1 at 762.98, S2 at 747.46, S3 at 731.94

Fibonacci Pivot: R1 at 860.97, R2 at 900.93, R3 at 965.6, S1 at 731.63, S2 at 691.67, S3 at 627.0

Woodie Pivot: R1 at 870.75, R2 at 964.95, R3 at 1040.05, S1 at 701.45, S2 at 626.35, S3 at 532.15

Moving Averages:

Exponential Moving Averages: Short-term EMA (10) at 879.91, EMA (20) at 854.39, EMA (30) at 842.19, EMA (50) at 837.53, EMA (100) at 847.88, EMA (200) at 836.35

Simple Moving Averages: Short-term SMA (10) at 880.36, SMA (20) at 839.57, SMA (30) at 819.11, SMA (50) at 819.35, SMA (100) at 857.72, SMA (200) at 887.15

Technical Indicators:

MACD: The MACD level is positive, indicating bullish momentum.

RSI: Currently at 64.65, suggesting the stock is in the overbought zone but not excessively so.

Stochastic %K: At 74.68, showing that the stock might be in an overbought condition.

Stochastic RSI Fast: At 66.36, aligning with the RSI, indicating strong bullish sentiment.

ADX: At 24.66, showing a strong trend but not extremely strong.

Commodity Channel Index (CCI): At 101.95, indicating that the stock is currently overbought.

Awesome Oscillator: At 94.57, suggesting positive momentum.

Williams Percent Range: At -24.99, indicating overbought conditions.

Bull Bear Power: At 63.16, reflecting bullish pressure.

Ultimate Oscillator: At 55.61, suggesting the stock is in a strong uptrend.

Chart Patterns:

Bullish Harami: This pattern indicates potential bullish reversal as observed from recent trading action.

Volatility:

Average True Range (ATR): Showing increasing volatility with recent values peaking, suggesting potential for larger price swings.

Price Levels:

52-Week High: 1150.95 (Stock is currently trading -21.88% below this level)

52-Week Low: 593.05 (Stock is currently trading 51.61% above this level)

Overall, CARYSIL LIMITED is exhibiting bullish signs with strong momentum indicators and positive chart patterns. However, the stock is showing some overbought conditions, so traders should watch for potential corrections or consolidation phases around current levels.