Talbros Automotive Components Limited (TALBROAUTO) Stock - Complete Technical Analysis - Sep 13, 2024

Talbros Automotive Components Stock Analysis: Key Levels & Trends for Traders NSE Insights

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. Let's dive into the technical analysis for Talbros Automotive Components Limited (TALBROAUTO) stock. Currently, the stock is trading at 336, which is approximately 15.15% below its 52-week high of 395.8 and 83.72% above its 52-week low of 182.81.

Starting with the trend indicators, the Average Directional Index (ADX) is relatively low, indicating a weak trend strength. The RSI is in neutral territory, suggesting the stock is neither overbought nor oversold. The MACD is currently negative, hinting at a potential bearish momentum. The Stochastic RSI is also indicating some strength, but with the Stochastic %K in the lower range, it shows limited upward momentum.

Looking at moving averages, the stock is trading below its shorter-term averages like the 10-day and 20-day EMAs but is above longer-term averages such as the 50-day and 200-day SMAs. This suggests a mixed trend, where short-term resistance might be a concern, while longer-term trends remain positive. The Ichimoku Base Line and the Hull Moving Average are both showing resistance levels that the stock is currently below, adding to the bearish sentiment.

Pivot points indicate that the current price is below most key levels, with the Classic Pivot and Fibonacci Pivot levels offering resistance. The stock's average true range (ATR) reflects moderate volatility, with recent values fluctuating around 70 to 90, suggesting significant price swings.

Overall, the stock faces short-term resistance but has strong long-term potential. Traders should watch for breakouts above key resistance levels for a bullish signal or consider support levels if the stock retraces further.