Technical Analysis of INDOAMIN based on Price Action - Based on the technical analysis of the chart, the current price of INDO AMINES LTD is 161.55 INR.
Technical Analysis:
RSI (14): The Relative Strength Index (RSI) is currently at 45.46, which suggests that the stock is oversold. This could indicate a potential buying opportunity.
EMA (200): The 200-day Exponential Moving Average (EMA) is at 152.88 INR. The current price is above the EMA, which suggests a bullish trend.
Support and Resistance: The chart shows potential support levels at 140-154 INR and 166 INR. The resistance level is at 175.17 INR.
Overall Trend & My Personal Opinion:- My technical analysis suggests that INDO AMINES LTD has a bullish bias. However, it is important to note that this is just a technical analysis and should not be the sole basis for investment decisions. Investors should also consider other factors such as fundamental analysis and their own risk tolerance before making any investment decisions.
Disclaimer: I am not a financial advisor. The information provided here is for informational purposes only and should not be construed as financial advice. Please consult with a financial advisor before making any investment decisions. Also I am not SEBI registered person and this is my personal opinion based on price action and my technical understandings about the stock
Thanks for your support as always
Technical Analysis:
RSI (14): The Relative Strength Index (RSI) is currently at 45.46, which suggests that the stock is oversold. This could indicate a potential buying opportunity.
EMA (200): The 200-day Exponential Moving Average (EMA) is at 152.88 INR. The current price is above the EMA, which suggests a bullish trend.
Support and Resistance: The chart shows potential support levels at 140-154 INR and 166 INR. The resistance level is at 175.17 INR.
Overall Trend & My Personal Opinion:- My technical analysis suggests that INDO AMINES LTD has a bullish bias. However, it is important to note that this is just a technical analysis and should not be the sole basis for investment decisions. Investors should also consider other factors such as fundamental analysis and their own risk tolerance before making any investment decisions.
Disclaimer: I am not a financial advisor. The information provided here is for informational purposes only and should not be construed as financial advice. Please consult with a financial advisor before making any investment decisions. Also I am not SEBI registered person and this is my personal opinion based on price action and my technical understandings about the stock
Thanks for your support as always
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.