eMudhra Limited (EMUDHRA) Stock - Complete Technical Analysis - Dec 03, 2024

eMudhra Stock Technical Analysis: Key Support & Resistance Levels EMUDHRA Stock Insights

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. eMudhra Limited (EMUDHRA) is showing a dynamic technical picture. The stocks current price of 895.50 is trading 9.81% below its 52-week high of 992.95, but it has surged 115.78% from its 52-week low, demonstrating significant gains.

The Average Directional Index (ADX) is low at 11.66, indicating weak directional movement. The RSI of 52.13 is neutral, suggesting that the stock is neither overbought nor oversold at the moment. Stochastic indicators show that momentum is currently neither bullish nor bearish, but the stock is in a balanced phase.

Examining moving averages, the stock is trading just above the 50-day and 200-day simple moving averages, which suggests that the longer-term trend could remain bullish. However, it is trading near the exponential moving averages, showing indecision in the near term. Key levels of support are located near the 841.90 level, while resistance sits around 927.90. The market could see further upward potential if the stock breaks past the resistance level, but a failure to do so could see it drop towards the lower support levels.

Volatility is rising, with the ATR showing higher fluctuations, indicating that price swings are becoming more pronounced. This makes eMudhra a stock to monitor closely for breakout opportunities, especially as it approaches key resistance levels.

Traders should watch for any price action above the resistance level of 927.90 to gauge further upward potential. Conversely, a drop below 841.90 could signal a bearish trend, making this a critical level to watch for potential reversals.