Satin Creditcare Network Limited (SATIN) Stock - Complete Technical Analysis - Aug 30, 2024

Satin Creditcare Network (SATIN) Stock Technical Analysis Key Support

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. Satin Creditcare Network Limited (SATIN) currently trades at 214, showing notable technical indicators and chart patterns. The Average Directional Index (ADX) is relatively low, suggesting weak trend strength. The Relative Strength Index (RSI) is near neutral territory, indicating neither overbought nor oversold conditions. The Stochastic Oscillator and Stochastic RSI both point towards bullish momentum, though not overly strong. The MACD is slightly negative, suggesting a potential bearish crossover.

Support levels are at 213.14, 207.43, and 198.19 based on Fibonacci and Classic Pivot calculations. Resistance levels are at 231.62, 237.33, and 246.57, also derived from Fibonacci and Classic Pivot points. The stock's current price is near the Exponential Moving Average (EMA) lines, with the 10-day EMA slightly below the current price and the 50-day EMA above it, indicating a range-bound market.

The Average True Range (ATR) indicates average volatility, with recent fluctuations suggesting the stock is experiencing some price swings. The Ichimoku Base Line is at 217.24, providing a potential resistance level. Moving averages and pivot points suggest the stock may find support around 212.78 and resistance around 236.97. The Awesome Oscillator and Commodity Channel Index (CCI) reflect mild bullish sentiment. Overall, traders should watch for key resistance and support levels for potential breakout or breakdown opportunities.