Tube Investments of India Limited (TIINDIA) Stock - Complete Technical Analysis - Dec 26, 2024

Tube Investments of India Technical Analysis Key Support & Resistance Levels TIINDIA Stock Updat

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. Tube Investments of India Limited (TIINDIA) has recently been trading in a volatile range, with the stock currently at 3575.1, approximately 25.69% lower than its 52-week high of 4810.8 and 7.22% higher than its low of 3334.3. The market sentiment seems mixed, with the RSI at 41.65, suggesting no extreme overbought or oversold conditions, while the ADX value of 16.16 points to a lack of clear trend direction. On the downside, the stock has potential support at 3480.03 and 3361.04, both acting as important levels to watch for further price action. The MACD is in bearish territory, which could lead to further downside if the price fails to hold above key support zones.

The stocks performance against the Exponential Moving Averages (EMA) is currently weak, as it is trading below the 50-period EMA, which is at 3812.85. This indicates a bearish trend in the short term. The Ichimoku Base Line provides a minor support level at 3579.65, and any breach below this could signal a deeper correction. Conversely, the stock has shown some resistance at higher levels, with the Classic Pivot and Camarilla Pivot resistance zones around 3811.6 and 3821.62, respectively.

Looking at recent price action, the stock has seen steady declines from its December highs, with the most recent close on December 24 at 3575.1 after a low of 3568.25 earlier in the day. The Stochastic and Momentum indicators also highlight potential downward pressure, although the recent decrease in ATR suggests that the price movement could slow down. This stock might face some choppy waters in the short term, and any moves above the resistance zones could indicate a potential reversal.