SMC Global Securities Limited (SMCGLOBAL) Stock - Complete Technical Analysis - Sep 02, 2024

SMC Global Securities Technical Analysis: Support, Resistance, and Key Indicators NSE Stock Insig

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 for SMC Global Securities Limited (SMCGLOBAL)

As of the latest data, SMC Global Securities Limited (SMCGLOBAL) is trading at 146.25, which is 20.08% below its 52-week high of 183.0 and 91.93% above its 52-week low of 76.2.

Support and Resistance Levels:

Support Levels:

Classic Pivot Support 1: 139.72

Camarilla Pivot Support 1: 145.21

Fibonacci Pivot Support 1: 141.43

Resistance Levels:

Classic Pivot Resistance 1: 153.39

Camarilla Pivot Resistance 1: 147.71

Fibonacci Pivot Resistance 1: 151.87

Technical Indicators:

MACD: The MACD is currently below zero, indicating bearish momentum.

RSI: The Relative Strength Index (RSI) suggests the stock is nearing the neutral zone, indicating potential for either upward or downward movement.

ADX: The Average Directional Index (ADX) is relatively low, suggesting a lack of strong directional movement.

Stochastic Oscillator: The Stochastic %K is in the middle range, implying a balanced market with neither overbought nor oversold conditions.

Moving Averages: Both the Exponential Moving Averages (EMAs) and Simple Moving Averages (SMAs) indicate the stock is trading slightly below key moving averages, signaling potential resistance around these levels.

Pivot Points: Various pivot points such as the Classic and Fibonacci points suggest significant support and resistance around the mentioned levels.

Chart Patterns:

Doji and Spinning Top: Recent candlestick patterns such as the Doji and Spinning Top indicate market indecision. The Doji signifies a balance between buying and selling pressure, while the Spinning Top suggests uncertainty about the market direction.

Conclusion: The stock is experiencing mixed signals. While trading below key resistance levels and recent highs, it has shown some bullishness as indicated by the significant rise from its 52-week low. Traders should monitor the price around support levels for potential buying opportunities and watch resistance levels for possible sell signals.