H.G. Infra Engineering Limited (HGINFRA) Stock - Complete Technical Analysis - Nov 22, 2024

H.G. Infra Engineering Stock Analysis: Price Trends, Support & Resistance Levels HGINFRA Technica

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. H.G. Infra Engineering Limited (HGINFRA) is trading at 1,279, which is down by about 32% from its 52-week high of 1,879.9 and up by 59% from its 52-week low of 805.1. The stock has shown some volatility recently, as evidenced by the spinning top and Doji patterns on the charts, which indicate indecision in the market. Currently, the stock is below the 10-day, 20-day, and 50-day exponential moving averages, signaling short-term bearish pressure. The RSI sits at 43.65, showing neutral conditions, while the ADX value of 37.88 suggests a strong trend but without clear direction. Momentum remains weak, as indicated by the negative MACD level.

Support is observed around the 1,226 level, with the next critical support around 1,202. Resistance is around 1,302, and a break above this level could push the stock higher towards 1,3401,400. However, given the volatility and bearish indicators, traders should exercise caution and wait for confirmation of either a breakout or breakdown. The ATR indicates high volatility, meaning risk management is key for anyone trading this stock.