Tide Water Oil Company (India) Limited (TIDEWATER) Stock - Complete Technical Analysis - Aug 30, 2024

Tide Water Oil Stock Analysis Technical 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. Tide Water Oil Company (India) Limited, trading at 2,609, presents a mixed technical outlook. The stock is currently below its 52-week high of 2,800 by about 6.81%, and significantly above its 52-week low of 1,108 by 135.45%. Key support levels to watch are near the Classic Pivot S1 at 2,308 and the Camarilla Pivot S2 at 2,587. Resistance might be encountered at the Classic Pivot R1 around 2,941 and the Woodie Pivot R1 at 3,066.

The Average Directional Index (ADX) indicates a strong trend, while the Relative Strength Index (RSI) suggests the stock is neither overbought nor oversold. The Moving Average Convergence Divergence (MACD) shows bullish momentum, complemented by a strong Awesome Oscillator reading. The stock's position above the 10-day and 20-day Exponential Moving Averages (EMA) signals a bullish short-term trend. However, the Ultimate Oscillator indicates potential for volatility.

Chart patterns suggest that if the stock maintains above the Ichimoku Base Line and Volume Weighted Moving Average, it could continue its upward movement. Conversely, falling below these levels may prompt a reassessment. The Average True Range (ATR) suggests high volatility, highlighting the need for cautious trading and monitoring of price swings. Overall, Tide Water Oils technical indicators reflect a bullish trend with potential resistance points and significant support levels to keep an eye on.