Karur Vysya Bank Limited (KARURVYSYA) Stock - Complete Technical Analysis - Sep 06, 2024

Karur Vysya Bank Technical Analysis Key Support

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.

Karur Vysya Bank Limited, trading at 219, currently shows a mixed technical picture. The stock is 6.11% below its 52-week high of 232.75 and 78.84% above its 52-week low of 122.2, reflecting a significant upward trend over the past year. The recent candle pattern is a Spinning Top, indicating indecision in the market. The Average Directional Index (ADX) is showing a moderate trend strength, while the Relative Strength Index (RSI) is near neutral, suggesting neither overbought nor oversold conditions.

The stock's MACD indicates a bullish signal, with the MACD line above the signal line, but the Momentum indicator is negative, signaling weakening upward momentum. The Awesome Oscillator also supports a bullish perspective. The Commodity Channel Index (CCI) is negative, indicating potential for a downward correction, while the Williams Percent Range suggests oversold conditions.

On the moving averages front, the Exponential Moving Averages (EMA) and Simple Moving Averages (SMA) are showing a generally positive trend, with shorter-term averages above longer-term ones. The price is currently above the 10, 20, and 30-day EMAs but slightly below the 50-day EMA. The Ichimoku Base Line and Volume Weighted Moving Average are close to the current price, providing mixed signals on potential support.

Support levels to watch are around the Classic Pivot S1 and Camarilla Pivot S1, both near 219, with potential lower support at the Fibonacci Pivot S1 around 209.85. Resistance levels include the Classic Pivot R1 and Woodie Pivot R1, both near 234.97, and the Fibonacci Pivot R1 at 229.67.

Overall, the stock shows a bullish trend with some caution due to current mixed technical indicators. Traders should monitor these levels closely for potential buying or selling opportunities.