Hatsun Agro Product Limited (HATSUN) Stock - Complete Technical Analysis - Nov 29, 2024

Hatsun Agro Products (HATSUN) Stock Analysis Support & Resistance Levels Explained Technical Ins

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. Hatsun Agro Products Limited (HATSUN) stock is currently trading at 1,075, approximately 23% off its 52-week high of 1,400, and around 12% above its 52-week low. Recent trading data reveals some volatility, with notable fluctuations in price.

From a technical standpoint, the Relative Strength Index (RSI) stands at 45, suggesting that the stock is neither overbought nor oversold. The MACD is in the negative territory, indicating bearish sentiment, but this could change if upward momentum builds. The Average Directional Index (ADX) is low, which means there is no strong directional trend, and the stock is in a consolidation phase.

Key support is seen at 1,070, with the next support level around 1,010. On the resistance front, the stock faces hurdles at 1,100 and further at 1,186. The price is currently trading below its key moving averages, which highlights some bearish pressure. However, there are no significant price gaps recently, and volatility, reflected in the Average True Range (ATR), remains consistent.

Investors should watch for price action near the 1,070 support. If it holds, there could be potential for the stock to rally toward resistance levels. Conversely, a breach below 1,070 might lead to further downside risk.