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.
Transport Corporation of India Limited (TCI), currently at 1148.40, is pulling back from its 52-week high. The RSI is neutral at 49.88. The MACD is positive but narrowing. The ADX is at 22.53, indicating a moderate trend. The stock is trading above its 50, 100, and 200-day EMAs and SMAs, but below its 10, 20, and 30-day EMAs and SMAs. The Stochastic %K and Stochastic RSI are neutral. The Hull Moving Average is near the current price. From a pivot point perspective, the price is above the classic pivot but below R1. The ATR shows moderate volatility. In summary, TCI is consolidating after a pullback. While the positive MACD and trading above longer term moving averages are positive, recent price action and neutral momentum suggest caution. Watch for a break above R1 for upside or below the pivot for downside.
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