Medi Assist Healthcare Services Limited (MEDIASSIST) Stock - Complete Technical Analysis - Oct 11, 2024

Is Medi Assist Stock Poised for a Breakout Key Levels & Technical Analysis

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.

Medi Assist Healthcare Services Limited (MEDIASSIST) is currently trading at 668, just below its recent 52-week high of 716.15. The stock has shown strength, trading significantly above its 52-week low of 430.55, marking a 55% rise. A key observation is the inside candle pattern found on Oct 10, indicating a potential breakout or reversal in the near future. With the Average Directional Index (ADX) below 20, it suggests that the stock is in a low-trend environment, but the RSI around 57 shows mild bullish momentum. The MACD level is positive, indicating ongoing upward momentum, but caution is advised as the stock may face some consolidation.

The exponential moving averages (EMAs) are supportive, with the price consistently above short-term EMAs (10, 20, 30 days), signaling continued bullishness. However, with the Awesome Oscillator showing a mild upward trend and Williams Percent Range at -33, it reflects some near-term consolidation potential. Traders should watch for a move above 676 to confirm the next leg up. On the downside, support is strong around the 650 level, with key moving averages and pivot levels providing additional cushion. Volatility is slightly elevated, but not at alarming levels, making this a moderate-risk trade for swing or positional traders.

Overall, the stock is well-placed for traders looking to ride the next bullish wave, with strong support around 650 and a potential breakout level near 676.