Yatra Online Limited (YATRA) Stock - Complete Technical Analysis - Sep 30, 2024

Yatra Online Technical Analysis: Is it Time to Buy or Sell NSE Insights

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. Yatra Online Limited (YATRA) is currently trading at 132, which is approximately 32.21% below its 52-week high of 194 and about 9.60% above its 52-week low of 120. The stock's current price action shows some weakness, with several technical indicators suggesting a potential downtrend.

The Average Directional Index (ADX) at 14.87 indicates a weak trend, while the Relative Strength Index (RSI) at 41.4 shows that the stock is nearing the oversold territory. The Stochastic %K at 6.76 confirms this, suggesting a bearish momentum. The MACD, currently at -0.87, also indicates bearish momentum, supporting the potential for further downside. Additionally, the Awesome Oscillator at -2.59 reinforces this bearish sentiment.

Support levels are identified around 131.04, which is the Classic Pivot S1, and further down at 114.39 from the Classic Pivot S2. Resistance levels can be observed near 142.47, the Classic Pivot P, and then at 159.12, which is the Classic Pivot R1. The stock is currently trading below its key moving averages, with the Exponential Moving Average (EMA) of 10 days at 135.25 and the 200-day EMA at 141.29, further indicating that sellers are currently in control.

Overall, traders should watch for signs of a reversal or a breakout above the resistance levels to confirm a change in trend. However, the current technical indicators suggest caution, as the stock appears to be struggling to maintain upward momentum.