Artemis Medicare Services Limited (ARTEMISMED) Stock - Complete Technical Analysis - Oct 31, 2024

Artemis Medicare (ARTEMISMED) Technical Analysis Key Support & Resistance Levels for Traders

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. Artemis Medicare Services Limited (ARTEMISMED) currently trades around 280.30, approximately 8% below its 52-week high, showcasing recent resilience after notable price declines. The stock's RSI hovers at a balanced range, suggesting no significant momentum either way, while the ADX's low value signals a weak directional trend, typically indicating a consolidating market. A flat MACD adds to this view, with short-term EMAs, particularly the 10- and 20-day, lying near the current price level, establishing a soft support area. Additionally, the long-term 200-day EMA supports a broader uptrend, while the Awesome Oscillator's negative stance hints at bearish pressure. However, the Ultimate Oscillators positive range suggests underlying bullish support that could drive price stability. Support levels lie near 265, while resistance stands between 300 and 320, based on pivot analysis. As ARTEMISMEDs ATR reveals moderately high volatility, traders may find opportunities in this setup for short-term trades within support and resistance levels, capitalizing on any upcoming momentum shifts.