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. Savita Oil Technologies Limited (SOTL) has seen a price drop recently, trading at 487.55, down about 25% from its 52-week high. The RSI suggests that the stock is oversold, indicating potential for a short-term bounce. However, the stock is still in a downtrend, with bearish signals from MACD and the Awesome Oscillator. Key support is at 440, and resistance lies near the 520 level. A breakout above 530 could signal a trend reversal. Volatility is high, with significant fluctuations observed, making it a risky stock in the short term. Traders should watch for a price stabilization before making long positions. The ATR values show high volatility, adding further caution to the overall bearish sentiment.
Visit My YouTube Channels for More Content:.
Channel 1 :
ParthaKuchana : For video tutorials on tech, career advice, industry insights, global military tech.
Youtube Channel Link :
View Channel
Youtube Channel Subscription Link : Mention channel subscription link :
Subscribe
Channel 2 :
Partha Kuchana - Finance: For in-depth stock market analysis, technical and fundamental analysis of stocks, investment ideas, and tips.
Youtube Channel Link :
View Channel
Youtube Channel Subscription Link : Mention channel subscription link :
Subscribe
Channel 3 :
Partha Kuchana - Stock Analysis : For in-depth stock market analysis, technical and fundamental analysis of stocks, investment ideas, and tips.
Youtube Channel Link :
View Channel
Youtube Channel Subscription Link : Mention channel subscription link :
Subscribe
Follow me on X :
@ParthaKuchana
Join my Telegram Channel :
ParthaKuchana