PVR INOX Limited (PVRINOX) Stock - Complete Technical Analysis - Oct 09, 2024

Unlocking Trading Potential: PVR INOX Stock Analysis - Key Levels & Indicators

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. Analyzing PVR INOX Limited (PVRINOX) stock, currently priced at 1596.95, reveals significant technical insights. The stock is trading 12.75% below its 52-week high of 1830.4 and is 32.62% above its 52-week low of 1204.2, indicating a potential recovery phase. Recent price action has shown an inside candle pattern from October 7, signaling consolidation with a parent high of 1620.0 and low of 1545.0, and it has traded within this range for three days, suggesting potential breakout points.

Momentum indicators reveal a bearish trend. The MACD is positive but showing signs of waning strength, and the RSI is neutral, indicating the stock is neither overbought nor oversold, currently at 47.31. The Stochastic %K is low at 18.83, which could suggest a potential buying opportunity if it crosses above its signal line. The Average Directional Index (ADX) is at 27.32, signaling a strong trend in place, but the bearish sentiment is currently dominant, as indicated by the Awesome Oscillator.

Volatility has been moderate, with the Average True Range (ATR) around 39.06, suggesting that price movements may be expected within this range. The stock's moving averages are presenting mixed signals, with the 10-day EMA at 1623.01 above the current price, indicating short-term resistance, while the 200-day EMA at 1505.42 suggests long-term support.

In conclusion, traders should monitor key resistance levels around 1620.0 and 1643.04, with support levels at 1545.0 and 1527.77. Given the current price action and technical indicators, PVRINOX presents a potential trading opportunity if it breaks above the recent high while maintaining stops near recent lows to manage risk effectively.