SML Isuzu Limited (SMLISUZU) Stock - Complete Technical Analysis - Sep 12, 2024
SML Isuzu Technical Analysis: Key Support, Resistance & Indicators NSE Stock Review
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 SML Isuzu Limited (SMLISUZU)
Currently trading at 2,010, SML Isuzu Limited has shown mixed technical signals. The stock is 18.96% below its 52-week high of 2,480 and 75.68% above its 52-week low of 1,144, reflecting a strong upward trend over the past year.
Support and Resistance Levels:
Support Levels: Immediate support is around 1,925, with additional support at 1,778 and 1,446. The stock has shown resilience around these levels.
Resistance Levels: Key resistance can be observed near 2,257 and further at 2,441. The stock faces challenges in surpassing these levels consistently.
Moving Averages:
The stock is currently trading above its short-term EMAs (10, 20, 30) but below longer-term EMAs (50, 100, 200). The position indicates a potential bearish signal if the price continues to trend below the 50 EMA.
The Simple Moving Averages (SMA) suggest similar patterns, with the stock trading near its 10 and 20-day SMAs but struggling against the 50 and 100-day SMAs.
Technical Indicators:
MACD: The MACD shows a negative value, indicating bearish momentum.
RSI: The RSI is close to the neutral zone, suggesting neither overbought nor oversold conditions.
ADX: The ADX is low, signaling a weak trend. This might indicate a period of consolidation or a lack of a strong directional movement.
Stochastic Oscillator: The Stochastic %K and RSI Fast are in the lower range, which might suggest potential for a reversal if the stock finds support.
Awesome Oscillator and Commodity Channel Index: Both indicators are negative, supporting the bearish sentiment.
Chart Patterns:
Ichimoku Base Line: The price is trading just above the Ichimoku Base Line, which may act as a support level.
Average True Range (ATR): The ATR shows increasing volatility, suggesting potential large price swings.
In summary, while SML Isuzu Limited shows strong past performance, its current technical indicators point to a mixed short-term outlook. Traders should watch key support and resistance levels closely and be mindful of the bearish signals from moving averages and momentum indicators.
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