Allcargo Gati Limited (ACLGATI) Stock - Complete Technical Analysis - Dec 10, 2024

ACLGATI Technical Analysis: Key Levels, Indicators & Trends

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.

Technical indicators for ACLGATI suggest cautious optimism. The stock has rebounded 11.17 percent from its 52-week low of 88.21 but remains 34.19 percent below its 52-week high, indicating potential recovery space. Short-term moving averages such as the 10-day and 20-day EMAs are slightly bullish, supporting near-term upside momentum. The ATR points to moderate volatility, and gaps in recent price movements reveal market sensitivity to news or sentiment.

Chart patterns like the Doji and Spinning Top suggest indecision, aligning with neutral RSI and weak ADX. However, bullish signals from the CCI and Williams Percent Range hint at possible upward movement. Resistance levels around 100 and support near 94 define the stocks immediate trading range. Traders can watch for a breakout above resistance or a reversal near support for actionable opportunities. Aligning strategies with these technical levels and the stock's broader trends could yield profitable trades.