TARC Limited (TARC) Stock - Complete Technical Analysis - Dec 19, 2024

TARC Limited Stock Analysis: Will it Bounce or Continue Falling Key Levels to Watch

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. TARC Limiteds stock, priced at 181.27, shows a recovery trend from the March 2024 low of 125.75, yet is significantly down from the 52-week high of 269.95. Over the last few days, the stock has demonstrated noticeable volatility, including sharp declines and rallies. On December 17, 2024, the stock reached 205.00 but closed lower at 187.92, signaling some resistance at the higher levels, with 200-205 acting as a key resistance range. The current support stands at around 170-175, observed on December 18, suggesting potential consolidation in this price range.

Looking at the technical indicators, the RSI is below 25, signaling an oversold condition, which may indicate a potential reversal in the coming days. The MACD remains negative, which indicates bearish momentum, but the low RSI suggests that there could be a bounce from the support levels. With an ADX of 19.24, the market currently lacks a strong directional trend, suggesting that price fluctuations might continue. The Ultimate Oscillator is also below neutral, which indicates that the downward pressure could persist.

With the stock facing resistance at 200-205 and support at 170-175, traders should focus on price action near these levels. A breakout above 190-195 could signal the start of a short-term rally. The volatile nature of the stock implies that it could either break above resistance or continue a downward trend. As such, traders should exercise caution and wait for clearer signals from the price action.