SJVN Limited (SJVN) Stock - Complete Technical Analysis - Sep 04, 2024

SJVN Stock Analysis: Key Support, Resistance

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.

Currently, SJVN Limited is trading at 134. On a technical front, the stock faces immediate resistance around the 137 to 140 zone, indicated by the Exponential Moving Averages and classic pivot levels. A breakthrough above this level could signal a bullish trend, targeting higher resistance at 144 and beyond. On the downside, support is seen around the 126 to 130 range, where classic pivot points and other moving averages converge. If the stock breaks below this support, further downside towards the 120 level could be expected.

The Average Directional Index (ADX) suggests a weak trend, indicating that the stock may be consolidating or lacking a strong directional move. The Relative Strength Index (RSI) is near neutral, showing the stock is neither overbought nor oversold. The MACD is negative, implying bearish momentum in the short term. The Stochastic indicators indicate the stock might be in an oversold condition, potentially signaling a reversal or stabilization soon.

Other indicators such as the Commodity Channel Index (CCI) and Williams Percent Range (WPR) support the bearish sentiment, suggesting the stock might continue to experience selling pressure. However, with the Hull Moving Average and Exponential Moving Averages showing slightly mixed signals, the price could see short-term fluctuations before deciding on a clearer trend. Traders should watch these key levels and indicators closely for any signs of trend changes or trading opportunities.