EPL Limited (EPL) Stock - Complete Technical Analysis - Nov 14, 2024

EPL Limited (EPL) Stock Technical Analysis Key Support & Resistance Levels NSE Stock Insights

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. EPL Limited (EPL) has been showing a mix of volatility and consolidation recently. Currently trading at 267, it is 4.78% below its 52-week high and 57.25% above its 52-week low. With an RSI of 52, the stock is neither overbought nor oversold, indicating potential for price stabilization. The Average Directional Index (ADX) of 10.55 shows weak momentum, meaning traders should expect sideways action unless there is a sharp move in either direction.

The stock is above short-term EMAs, including the 10-day, 20-day, and 30-day, suggesting some short-term bullish momentum. However, the long-term trend remains positive, with the 200-day EMA at 227.64. The MACD is positive, but not strongly bullish, pointing to moderate momentum.

The support for EPL appears to be around 260, which aligns with various moving averages, while resistance could be seen at 275, the recent high. Traders should watch for price action around these levels, with a breakout above resistance suggesting a continuation of the upward trend.

In summary, EPL shows good potential for cautious traders looking for price swings, but any significant movement either above 275 or below 260 could signal stronger trends to watch for the next moves.