VRL Logistics Limited (VRLLOG) Stock - Complete Technical Analysis - Sep 10, 2024

VRL Logistics Stock Analysis Key Support & Resistance Levels September 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. VRL Logistics Limited is currently trading at 601, which is about 24.7% below its 52-week high of 799, achieved on December 19, 2023. The stock is up approximately 17.6% from its 52-week low of 511.25, reached on June 4, 2024.

The technical outlook for VRL Logistics shows a predominantly bullish trend. The Average Directional Index (ADX) suggests a strong trend in place. The Relative Strength Index (RSI) is above the mid-level, indicating that the stock is in an uptrend. Both the Stochastic %K and Stochastic RSI are in positive territory, suggesting the stock has strong upward momentum but may be approaching overbought conditions.

The MACD confirms the uptrend with its positive reading, and the Awesome Oscillator supports this bullish sentiment with its positive value. The Bull Bear Power also reflects buying strength. The Commodity Channel Index (CCI) is in the positive zone, signaling strong momentum, while the Williams Percent Range is showing less selling pressure.

The stock is trading above its key moving averages, including the 10-day and 20-day Exponential and Simple Moving Averages. The Ichimoku Base Line is positioned below the current price, which provides support. The Hull Moving Average and Volume Weighted Moving Average also lie below the current price, reinforcing this support level.

Resistance is expected around the recent high of 625, with further resistance potentially near the 52-week high of 799. Support levels are likely near the Ichimoku Base Line and recent moving average levels.

In summary, VRL Logistics Limited is demonstrating strong bullish signals with key indicators showing favorable conditions for further upward movement. Traders should monitor resistance levels near 625 and consider support around the moving averages and Ichimoku Base Line if a pullback occurs.