Yatharth Hospital & Trauma Care Services Limited (YATHARTH) Stock - Complete Technical Analysis - Sep 11, 2024

"Yatharth Hospital Stock Analysis: Key Support, Resistance, and Technical Indicators - Must Watch"

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 Yatharth Hospital & Trauma Care Services Limited (YATHARTH) stock. Currently trading at 525.15, the stock is positioned 3.46% below its 52-week high of 543.95 and 52.62% above its 52-week low of 344.10.

Support and Resistance Levels:

Immediate Support: The stock has strong support around 491.55, with additional support levels at 452.15 and 380.40.

Immediate Resistance: Key resistance is at 534.68, with subsequent levels at 569.80 and 615.70.

Technical Indicators:

Moving Averages: The current price is above all significant moving averages, including the 10-period EMA at 518.92, the 20-period EMA at 506.66, and the 50-period EMA at 478.69. The stock is also trading above the 200-period EMA at 431.24, suggesting a bullish trend.

MACD: The MACD line is currently positive, indicating bullish momentum.

RSI: At 63.93, RSI suggests that the stock is in the overbought zone but not excessively so, indicating strong bullish momentum.

ADX: The ADX at 30.45 reflects a strong trend, with the stock maintaining a solid directional move.

Stochastic Oscillator: The Stochastic %K is at 60.58, which indicates the stock is in a bullish phase, though not in the extreme overbought area.

CCI: The Commodity Channel Index (CCI) is at 60.89, suggesting that the stock is in a bullish phase.

Awesome Oscillator: At 38.36, it supports the current uptrend.

Williams %R: At -45.41, this indicates that the stock is not in an extreme overbought condition.

Ultimate Oscillator: The Ultimate Oscillator at 41.57 suggests a bullish phase, though it is not overly strong.

Chart Patterns and Observations: The stock's recent price action shows a bullish trend as it trades above the significant moving averages. The ADX indicates a strong trend, while RSI and Stochastic Oscillator suggest the stock is in a bullish phase but nearing the overbought territory. Traders should watch for price action around the support levels at 491.55 and 452.15, and resistance levels at 534.68 and 569.80 to gauge potential price movements.

In summary, Yatharth Hospital & Trauma Care Services Limited (YATHARTH) is showing strong bullish signals with support levels to watch and resistance levels that could provide trading opportunities. Keep an eye on these levels and technical indicators to make informed trading decisions.