SJVN Limited (SJVN) Stock - Complete Technical Analysis - Nov 19, 2024

SJVN Limited Stock Analysis: Bearish vs Bullish - Is it Time to Buy or Sell Partha Kuchana - Fina

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. SJVN Limited's stock is trading at 105.83, showing a drop of 37.93% from its 52-week high and up 40.64% from its 52-week low. The stock has been showing mixed signals, forming a "Shooting Star" pattern, signaling a bearish reversal at current levels, but it is also supported by a "Three White Soldiers" pattern that hints at a bullish continuation. The key technical indicators such as RSI indicate that the stock is currently in an oversold state, which could point to an upcoming rebound if buying pressure increases. However, the MACD is still in the negative territory, suggesting caution as the price struggles to break resistance at 107.96.

For traders, the next key levels to monitor are 107.96 for resistance and 104105 for support. If the stock breaches 108, it could see a rally towards higher resistance levels, but if it fails, a move toward lower support is possible. With its relatively high P/E ratio of 45, the stock may also be seen as expensive, indicating a possible correction if the broader market turns bearish. This makes SJVN a stock to watch closely, with a strong focus on managing risk if entering at current levels.