Yatharth Hospital & Trauma Care Services Limited (YATHARTH) Stock - Complete Technical Analysis - Nov 14, 2024

Yatharth Hospital Stock Analysis Key Support, Resistance, and Technical Indicators November 2024

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. Yatharth Hospital & Trauma Care Services Limited (YATHARTH) is currently priced at 609.65, sitting just 12.03% below its 52-week high of 693. Over the past year, the stock has surged 69.35% from its 52-week low of 360, indicating significant strength. Recently, the stock has shown some volatility, with short-term consolidation patterns forming between 580 and 630.

The chart presents a Bullish Harami pattern, signaling a potential reversal to the upside in the short term. The stock's RSI is in a neutral zone, suggesting there is potential for both upward and downward movement. MACD is showing positive momentum, while the stochastic RSI indicates that the stock is oversold in the short term, which could lead to a rebound. The ADX is at 25, indicating a moderate trend strength.

Looking at moving averages, YATHARTH is trading above its 50-day and 200-day EMAs, which is generally a positive sign, although it is currently below the 10-day and 20-day EMAs, signaling short-term weakness. Support is seen around 560, while resistance lies near the 723 level. The stock's volatility, as shown by the ATR, is moderate, suggesting that it is not experiencing excessive swings.

Traders should be cautious around the 615 level; a breakout above this could trigger a move toward the next resistance. On the other hand, if the stock drops below 560, it could indicate further downside risks. Watch for trend shifts around the moving averages for clearer directional signals.