Pilani Investment and Industries Corporation Limited (PILANIINVS) Stock - Complete Technical Analysis - Dec 05, 2024

PILANIINVS Stock Analysis Key Support & Resistance Levels Revealed

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.

PILANIINVS is navigating a period of consolidation, trading at 5950, which is significantly below its 52-week high but well above its yearly low, indicating long-term recovery potential. The RSI hovering near 45 suggests neutral momentum, while the MACD remains in the bearish zone, highlighting negative sentiment. The ADX value of 16 implies weak trend strength, indicating potential range-bound trading. The Awesome Oscillator and Bear Power confirm continued bearish pressure.

However, with the Stochastic RSI near oversold levels and the Williams Percent Range at -85, there is a possibility of a short-term bounce. EMA levels around 6100 act as immediate resistance, with key support at 5850. A decisive break above 6100 could trigger a bullish move towards 6300, while a drop below 5850 may signal further decline. Volatility as measured by ATR suggests caution, as price swings remain pronounced. Watch for volume surges and potential reversals near these key levels.