Technical Analysis of Adani Wilmar Ltd(AWL)- The technical analysis of Adani Wilmar (AWL) stock. It is created using the TradingView platform by the user "ForexTrader4all".
Here's a breakdown of the information presented in the chart:
Stock Information:
Symbol: AWL
Timeframe: 1 hour
Exchange: NSE (National Stock Exchange of India)
Current Price: 375.80 INR (Indian Rupee)
Change: -1.20 INR (-0.32%)
Technical Indicators:
EMA (200, high): 963.32
RSI (14, high): 46.18
Price Levels Suggestions:
Start Buying Above: 380 INR
Buy More Above: 351 INR and 330 INR
Support and Resistance Levels:
Support: 330.40 INR
Resistance: 449.65 INR
Chart Elements:
Candlesticks: Represent the price action of the stock over the specified timeframe.
Moving Average (EMA): A trend-following indicator that smooths out price fluctuations.
Relative Strength Index (RSI): A momentum oscillator that measures the speed and change of price movements.
Horizontal Lines: Indicate potential support and resistance levels.
Diagonal Lines: Represent trend lines or channels.
Overall Analysis:- Based on the technical indications in the chart, here are some potential scenarios:
Price Action: The stock is currently trading below its 200-day EMA, suggesting a bearish trend. However, the RSI is near the 50 level, indicating that the selling momentum may be weakening.
Support and Resistance: The horizontal lines at 330.40 INR and 449.65 INR represent potential support and resistance levels. If the price breaks below the support level, it could signal further downside.
Buy Signals: The chart suggests potential buying opportunities above 380 INR, 351 INR, and 330 INR. However, it's important to consider other factors before making any investment decisions.
Disclaimer: This analysis is based solely on the information provided in the chart and should not be considered financial advice. It's essential to conduct thorough research and consider multiple factors before making any investment decisions and do your own research because I am not SEBI registered person to suggest any stock. This is my personal opinion based on my technical understanding/analysis and only for education purposes.
Thanks for your support
Here's a breakdown of the information presented in the chart:
Stock Information:
Symbol: AWL
Timeframe: 1 hour
Exchange: NSE (National Stock Exchange of India)
Current Price: 375.80 INR (Indian Rupee)
Change: -1.20 INR (-0.32%)
Technical Indicators:
EMA (200, high): 963.32
RSI (14, high): 46.18
Price Levels Suggestions:
Start Buying Above: 380 INR
Buy More Above: 351 INR and 330 INR
Support and Resistance Levels:
Support: 330.40 INR
Resistance: 449.65 INR
Chart Elements:
Candlesticks: Represent the price action of the stock over the specified timeframe.
Moving Average (EMA): A trend-following indicator that smooths out price fluctuations.
Relative Strength Index (RSI): A momentum oscillator that measures the speed and change of price movements.
Horizontal Lines: Indicate potential support and resistance levels.
Diagonal Lines: Represent trend lines or channels.
Overall Analysis:- Based on the technical indications in the chart, here are some potential scenarios:
Price Action: The stock is currently trading below its 200-day EMA, suggesting a bearish trend. However, the RSI is near the 50 level, indicating that the selling momentum may be weakening.
Support and Resistance: The horizontal lines at 330.40 INR and 449.65 INR represent potential support and resistance levels. If the price breaks below the support level, it could signal further downside.
Buy Signals: The chart suggests potential buying opportunities above 380 INR, 351 INR, and 330 INR. However, it's important to consider other factors before making any investment decisions.
Disclaimer: This analysis is based solely on the information provided in the chart and should not be considered financial advice. It's essential to conduct thorough research and consider multiple factors before making any investment decisions and do your own research because I am not SEBI registered person to suggest any stock. This is my personal opinion based on my technical understanding/analysis and only for education purposes.
Thanks for your support
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.