Karur Vysya Bank Limited (KARURVYSYA) Stock - Complete Technical Analysis - Nov 11, 2024

Karur Vysya Bank Stock Analysis: Key Support & Resistance Levels, Bullish Momentum

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 Karur Vysya Bank, we observe technical signals of consolidation, as recent candlestick patterns reflect market indecision near its current price of 227. The MACD is positive, showing a bullish momentum, while an RSI around 58 confirms the stock is in a healthy zone, neither overbought nor oversold. The ADX value of 29 suggests a moderately strong trend. Support from 20-day and 50-day moving averages could stabilize price around 220 levels. Pivot analysis suggests resistance near 239 and potential upside if the stock surpasses this level, with the next target around 252. For short-term traders, watch for any breakout above recent highs; downside volatility may find support around the 216 range.