Aarti Drugs Limited (AARTIDRUGS) Stock - Complete Technical Analysis - Sep 11, 2024

Aarti Drugs Technical Analysis: Key Support & Resistance Levels NSE Stock Insights Partha Kuchan

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. Let's dive into the technical analysis of Aarti Drugs Limited. The stock is currently trading at 529, which is approximately 16.74% below its 52-week high of 635 and about 22.65% above its 52-week low of 431.

Starting with support and resistance levels, the current price is near the critical support zone around 504.9, which is derived from the Classic Pivot S1. If the price breaks below this level, the next significant support could be around 427, based on Classic Pivot S2. On the resistance side, immediate resistance is seen around 569.95, aligning with the Classic Pivot Point. A break above this level could push the stock towards higher resistance around 647.85, the Classic Pivot R1.

Looking at the moving averages, the stock is trading below most of its key averages, including the 10-day EMA at 554.07 and the 50-day SMA at 536.62. This indicates a bearish short-term trend. However, the price is currently above the Hull Moving Average of 529.8, which could provide a short-term support level.

Technical indicators show mixed signals. The MACD is positive, suggesting bullish momentum, while the RSI is in the oversold territory, indicating that the stock might be due for a rebound. The ADX is high, suggesting a strong trend, but its not clear if it's bullish or bearish. The Stochastic and Williams Percent Range are extremely low, suggesting the stock might be oversold and could see a potential bounce.

The Average True Range (ATR) indicates high volatility, with recent values suggesting significant price swings. This volatility can lead to substantial price movements, making it essential for traders to monitor support and resistance levels closely.

In summary, Aarti Drugs Limited is showing a bearish trend in the short term, but indicators suggest a potential for rebound due to oversold conditions. Traders should watch the key support level around 504.9 and resistance around 569.95 for potential trading opportunities.