Vadilal Industries Limited (VADILALIND) Stock - Complete Technical Analysis - Sep 11, 2024

Vadilal Industries Technical Analysis: Key Support & Resistance Levels NSE Stock Insights

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 Analysis of Vadilal Industries Limited (VADILALIND)

As of the latest data, Vadilal Industries Limited (VADILALIND) is trading at approximately 4,284. This is 16.71% below its 52-week high of 5,143 and 100.81% above its 52-week low of 2,133.

Support and Resistance Levels:

Immediate Support: 4,174.7 (Classic Pivot Point)

Next Support Levels: 4,049.08 (Camarilla S1), 3,871.03 (Fibonacci S1)

Immediate Resistance: 4,545.8 (Classic Pivot R1)

Next Resistance Levels: 4,267.69 (Camarilla R2), 4,478.37 (Fibonacci R1)

Technical Indicators:

MACD: The MACD is showing bullish momentum, with the MACD line above the signal line, indicating potential further gains.

RSI: At 55.89, the RSI suggests that the stock is neither overbought nor oversold, reflecting a balanced market sentiment.

Stochastic Oscillator: The Stochastic %K at 62.47 and Stochastic RSI Fast at 80.96 point to a bullish trend, though the latter suggests caution as it approaches overbought territory.

ADX: With an ADX of 13.63, the trend strength is weak, implying that the current trend may not be very strong.

EMA and SMA: The stock's current price is above several short-term moving averages, including the EMA (10, 20) and SMA (10, 20), which is a bullish sign. However, it's trading below some longer-term averages like the SMA (100) and EMA (200), indicating a mixed long-term outlook.

Ichimoku Base Line: The stock is trading above the Ichimoku Base Line of 4,111.8, indicating bullish sentiment.

ATR: The Average True Range (ATR) is showing increased volatility, suggesting that price movements may be more pronounced.

Chart Patterns and Observations:

The stock has recently experienced increased volatility, as indicated by the ATR and momentum indicators. This suggests that while there is potential for upward movement, traders should be prepared for fluctuations.

The price action is above key support levels and some short-term moving averages, which is positive. However, resistance near the recent high of 5,143 and near pivot resistance levels could pose challenges.

In summary, Vadilal Industries Limited is in a generally positive technical setup with strong support levels and potential for further gains. However, resistance levels and the current weak trend strength signal that traders should watch for possible reversals or corrections.