Yatra Online Limited (YATRA) Stock - Complete Technical Analysis - Aug 30, 2024

Yatra Online Limited (YATRA) Stock Technical Analysis: Key Support

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. Yatra Online Limited, trading at 148, presents an interesting technical profile. The stock is currently above several key moving averages, indicating a bullish trend in the short to medium term. The Exponential Moving Averages (EMAs) at 10, 20, 30, and 50 days are all below the current price, suggesting strong upward momentum. The Simple Moving Averages (SMAs) at 10, 20, and 30 days also reflect this bullish stance, though the 200-day SMA is above the current price, which could act as a potential resistance level.

Support levels are identified around the Classic Pivot S1 at 126 and the Fibonacci Pivot S1 at 125.96. Resistance levels are highlighted by the Classic Pivot R1 at 148.95 and the Fibonacci Pivot R2 at 148.91, which are closely aligned with the current trading price, indicating a critical zone to watch. The stock's recent performance suggests that overcoming these resistance levels could signal further upward potential. Conversely, failure to hold above these levels might lead to a revisit of support zones.

Technical indicators provide a mixed but generally positive outlook. The MACD is bullish, signaling upward momentum. The Relative Strength Index (RSI) is approaching overbought territory, which might indicate the stock is ripe for a pullback. The Average Directional Index (ADX) above 25 shows a strong trend, while the Stochastic Oscillator and its RSI are both in overbought conditions, suggesting caution. The Commodity Channel Index (CCI) and Awesome Oscillator also support a strong bullish trend.

Overall, Yatra Online's technical indicators point towards a strong bullish trend with critical resistance levels at 148.95 and 148.91. Traders should monitor these levels closely and be prepared for potential volatility or trend reversals as the stock interacts with these key price points.