HIL Limited (HIL) Stock - Complete Technical Analysis - Nov 01, 2024

Unlocking HIL Limited: Key Technical Insights & Trading Strategies

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. Analyzing HIL Limited, currently priced at 2,795, we observe it's trading 11.86% below the 52-week high, suggesting a potential resistance around 3,171. The Average Directional Index at 20.83 indicates weak trend strength, implying a consolidation phase. The RSI of 49.28 points to neutrality, a potential entry for traders.

The recent trading pattern reflects volatility, with a spike to 2,815.45 on November 1st before a slight decline. SMA and EMA are bearish in the short term as the current price lies below these averages. Negative MACD reinforces this sentiment. Support is evident at 2,681, based on the recent low, while resistance could be at 2,834.73 from the Classic Pivot Point.

Crucially, traders should monitor the 2,800 level for breakout or reversal opportunities, especially with the ATR suggesting significant price movement ahead. HIL Limited showcases mixed signals, warranting careful observation for traders looking to capitalize on upcoming market shifts.