Aarti Pharmalabs Limited (AARTIPHARM) Stock - Complete Technical Analysis - Sep 11, 2024

Aarti Pharmalabs Technical Analysis: Key Support & Resistance Levels NSE Stock Insights Partha K

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 explore the technical setup for Aarti Pharmalabs Limited. Currently trading at 675, the stock is approximately 6.53% below its 52-week high of 721.7 and about 81.77% above its 52-week low of 371.1.

For support and resistance levels, the current price is hovering just above the immediate support level at 673.59 from the Camarilla Pivot S1. If the price dips below this level, the next potential support could be around 656.25, aligning with the Classic Pivot Point. On the resistance front, the stock faces initial resistance near 703.51 from the Camarilla Pivot R1. A break above this could push the stock towards the next resistance level around 754.

Examining the moving averages, the stock is trading slightly below its short-term averages such as the 10-day EMA at 676.45 and the 10-day SMA at 684.03, suggesting a potential bearish short-term trend. However, the price is above the Hull Moving Average of 680.09, indicating some support might be in place.

Technical indicators reveal mixed signals. The MACD is bullish, indicating strong upward momentum, while the RSI is in a neutral zone, showing neither overbought nor oversold conditions. The ADX is high, reflecting a strong trend in place. Stochastic indicators suggest a slightly overbought condition, and the Awesome Oscillator supports the bullish momentum seen in the MACD.

The Average True Range (ATR) indicates moderate volatility, suggesting that price swings could be relatively stable in the near term.

In summary, Aarti Pharmalabs Limited shows a complex technical picture with potential support near 673.59 and resistance around 703.51. Traders should monitor these levels closely and watch for any breakout or breakdown to identify potential trading opportunities.