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

Epigral Limited (EPIGRAL) Stock Technical Analysis: Key Support, Resistance & Price Trends Explain

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. Epigral Limited (EPIGRAL) is currently trading at 2057, approximately 14.5% off its 52-week high of 2406.75. This stock has recently experienced fluctuations, including a drop to 1925 and a rise to 2100 on November 14th, showcasing its volatility. Technical indicators such as RSI at 48 and MACD in negative territory indicate a possible bearish trend, especially if the stock fails to hold key support levels around 1900. The stock could test lower levels if it breaks below 1850, with 1700 being the next strong support.

On the other hand, if EPIGRAL manages to hold above the 2000 mark and recovers past 2100, it may attempt to challenge resistance around 2150, which could lead to a rally towards the 2400 region. The stock's ATR shows high volatility, indicating that both intraday swings and larger price movements are likely in the near term.

Traders should watch the support at 1900 closely, as failure to hold could lead to further declines. With the current price hovering near the lower range of recent trading activity, there may be opportunities for those looking to trade on short-term movements, especially around support and resistance levels.