Antony Waste Handling Cell Limited (AWHCL) Stock - Complete Technical Analysis - Sep 02, 2024

AWHCL 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. Antony Waste Handling Cell Limited (AWHCL) is currently trading around 713.65, a notable 20.88% below its 52-week high of 902 and 128.48% above its 52-week low of 312. The stock shows mixed technical signals. The MACD is positive, indicating a bullish trend, though the momentum is negative, suggesting a weakening move. The RSI is near the midpoint, reflecting a neutral stance, while the Stochastic Oscillator and its RSI counterpart are in oversold territory, hinting at potential upcoming bullish reversals. The ADX is below 25, signaling a weak trend, but the Bull Bear Power is negative, indicating bearish pressure.

Support levels are crucial, with significant ones around the Camarilla S1 at 704.81 and the Fibonacci S1 at 691.39. If the stock falls below these, it could test further support at the Classic Pivot S1 of 662.1. On the resistance side, the Classic Pivot R1 at 798.9 and Woodie R1 at 791.6 are key levels to watch. The stock is also trading below its Exponential Moving Averages (EMA) of 10, 20, and 30 days, with the 50-day EMA providing support at 682.62. For longer-term perspectives, the 100-day EMA at 615.89 and the 200-day EMA at 543.38 are significant. The Ichimoku Base Line at 795.2 serves as a strong resistance level. Overall, the technical indicators suggest cautious optimism with potential for upward movement if key resistance levels are breached.