Tarsons Products Limited (TARSONS) Stock - Complete Technical Analysis - Sep 13, 2024

"Tarsons Products (TARSONS) Stock Analysis: Key Support & Resistance Levels September 2024"

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.

Heres a detailed technical analysis for Tarsons Products Limited (TARSONS). The stock is currently trading at 444, showing several key technical indicators to consider. The Relative Strength Index (RSI) is in the bearish zone, suggesting that the stock may be oversold. The MACD, which is negative, indicates a bearish trend, and the Awesome Oscillator is also showing a downtrend, reinforcing the bearish sentiment.

The Average Directional Index (ADX) is relatively low, suggesting a weak trend, while the Commodity Channel Index (CCI) and Williams Percent Range are both indicating a strong bearish momentum. This is supported by the Momentum indicator, which is negative, highlighting a downward pressure.

The stocks current price is below most of its moving averages, indicating resistance levels may be around these averages. The Ichimoku Base Line and Volume Weighted Moving Average are also showing higher levels, suggesting these could act as significant resistance.

Support levels for TARSONS are critical to watch, especially given its recent trading pattern. The stock has been trading within a range defined by its recent high and low, with the range indicating potential support and resistance points. The recent Inside Candle pattern further emphasizes that the stock has been trading within a constrained range, which traders should keep in mind when analyzing future movements.

In summary, TARSONS appears to be under bearish pressure with several indicators suggesting potential support levels to watch. Traders should be cautious and look for any signs of reversal or stabilization near key support levels.