Jyothy Labs Limited (JYOTHYLAB) Stock - Complete Technical Analysis - Sep 06, 2024

Jyothy Labs Technical Analysis Key Levels

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.

Jyothy Labs Limited's stock, currently trading at 546.40, is showing a robust technical profile. The stock is trading around 7.93% below its 52-week high and 64.08% above its 52-week low. Key support and resistance levels are crucial for traders. The classic pivot point is at 544.28, with resistance levels extending up to 588.97 and support levels down to 495.12. The stock's current price is slightly below the exponential moving average (EMA) of 20 days at 546.28, but above the 50-day EMA of 523.00, suggesting a neutral to bullish short-term outlook. The 200-day EMA at 456.74 indicates a long-term uptrend.

In terms of momentum indicators, the MACD line is above the signal line, suggesting a bullish momentum, though the recent momentum is negative. The Relative Strength Index (RSI) is around 52.82, showing that the stock is neither overbought nor oversold. The Average Directional Index (ADX) is at 36.27, reflecting a strong trend in place. The Stochastic RSI and Williams Percent Range indicate a potential for further upward movement, as they are currently in the lower range. Volume-weighted and Hull moving averages suggest a mixed sentiment, with the latter being slightly higher than the current price.

Overall, Jyothy Labs Limited's technical indicators suggest a cautious bullish stance with potential resistance around the 588.97 mark and support near 495.12. Traders should watch these levels closely for potential breakout or breakdown opportunities.