Tourism Finance Corporation of India Limited (TFCILTD) Stock - Complete Technical Analysis - Sep 13, 2024

TFCILTD Stock Analysis: Current Price Insights & Key Technical Levels NSE Stock Review

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.

Tourism Finance Corporation of India Limited (TFCILTD) is currently trading at 180.11, showing a significant 32.68% drop from its 52-week high of 267.55 and a 98.25% rise from its 52-week low of 90.85. The stock's P/E ratio stands at 18.1, with a book value of 121 and a dividend yield of 1.39%. The ROCE is 10.5% and ROE is 8.65%, indicating stable profitability and efficient capital use.

Technical Indicators Analysis:

Moving Averages (MAs): The stock is currently trading near its short-term MAs, with the Exponential Moving Averages (EMAs) and Simple Moving Averages (SMAs) clustered around the 180 to 185 range. This suggests a consolidation phase. The EMA (200) is at 168.02, indicating that the stock is trading above its long-term trend, while the SMA (200) is at 175.9.

Pivot Points: The Classic Pivot Point is at 180.39, which is very close to the current price, suggesting a balanced market. The Camarilla and Fibonacci pivots also align closely with current levels, highlighting potential support and resistance in this range.

Chart Patterns: The recent Spinning Top candlestick indicates indecision in the market, reflecting a possible reversal or consolidation period. The Inside Candle pattern from September 12, 2024, suggests a tight trading range, signaling potential for a breakout or continued consolidation.

Technical Indicators:

MACD: Currently negative, suggesting bearish momentum, but the histogram is narrowing, which could indicate a potential shift.

RSI: At 49.13, it is near neutral territory, implying neither overbought nor oversold conditions.

ADX: The Average Directional Index (14) is at 15.74, indicating a weak trend.

Stochastic RSI: High at 69.49, indicating possible overbought conditions.

Awesome Oscillator: Negative at -0.25, reinforcing the bearish momentum.

CCI: At -8.47, it suggests that the stock is trading near its average price.

Support and Resistance Levels:

Immediate Support: Around 176.01 to 170.59 based on Camarilla levels.

Immediate Resistance: Around 181.43 to 184.14 based on Camarilla levels.

Overall, TFCILTD appears to be in a consolidation phase with a balance between support and resistance levels. Traders should watch for potential breakout signals or further consolidation before taking significant positions.