Epigral Limited (EPIGRAL) Stock - Complete Technical Analysis - Sep 10, 2024

Epigral Limited Stock Analysis: Bullish Signals & Key Levels to Watch NSE Technical Analysis

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. Epigral Limited (EPIGRAL) is currently trading at 2,142. The stock has shown strong bullish indicators with a current Relative Strength Index (RSI) suggesting it's nearing overbought conditions. The MACD is bullish, indicating upward momentum, while the Stochastic %K is moderating. The ADX suggests a strong trend, supporting the bullish outlook.

In terms of moving averages, the stock price is well above the Exponential Moving Averages (EMAs) across all time frames, with the 10-period EMA being the closest support level. The Simple Moving Averages (SMAs) also show a positive trend, with the 10-period SMA acting as a near-term support. The Ichimoku Base Line provides additional support around 1,936.

Pivot levels highlight the key support and resistance points. Immediate support is seen around the Classic Pivot Point and Camarilla Pivot S1, both near 1,860. Resistance is evident around the Classic Pivot R1 and Camarilla Pivot R2, near 2,027 and 1,922 respectively. The Fibonacci Pivot R1 and R2 also provide resistance levels around 1,987 and 2,066.

The chart patterns reflect bullish sentiments with the Piercing Pattern and Morning Star formations indicating potential for further gains. However, the stock is currently trading 5.75% below its 52-week high of 2,026 and is 145.67% above its 52-week low of 872. The ATR suggests some volatility, so traders should remain cautious and watch for price movements around key support and resistance levels.