EPL Limited (EPL) Stock - Complete Technical Analysis - Oct 28, 2024

EPL Limited Technical Analysis: Key Support & Resistance Levels Explained

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. EPL Limited currently trades at around 260.55, showing resilience above its 52-week low of 169.6 and within striking distance of its 52-week high of 277.3. Over the last week, weve seen fluctuations, with notable price gaps indicating potential volatility. For instance, the stock opened at 268.00 on October 22 but closed significantly lower at 257.00, highlighting a trend that could lead to further adjustments.

The MACD suggests an upward potential, while the RSI indicates a neutral position, making this a strategic entry point for traders. The current ADX indicates a weak trend, signaling caution until a stronger direction is established. Key support is located around 242.86, while resistance stands at 272.53. Given the rising ATR, traders should be prepared for potential price surges or drops. Keeping these levels in mind can aid in timing trades effectively as EPL navigates through this volatile period.