TVS Holdings Limited (TVSHLTD) Stock - Complete Technical Analysis - Sep 19, 2024

"TVS Holdings Limited Stock Analysis Support, Resistance & Technical Indicators 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.

Technical Analysis of TVS Holdings Limited (TVSHLTD)

TVS Holdings Limited is currently trading at 14,108, which is about 5.88% below its 52-week high of 14,990 reached on August 27, 2024. The stock is significantly above its 52-week low of 5,162.65 from October 26, 2023, showing a gain of 173.28%.

Support and Resistance Levels:

Support Levels: Key support levels are at 13,896 and 13,743, where buying interest might emerge. The 20-day EMA at 14,053 and the 50-day EMA at 13,578 provide additional support.

Resistance Levels: The immediate resistance is near 14,213 (10-day SMA), with further resistance at the 14,387 level (Classic Pivot Point). Beyond this, the stock could face resistance around 15,042 (Classic Pivot R1).

Technical Indicators:

MACD: The MACD is showing a positive value, suggesting bullish momentum.

RSI: The Relative Strength Index (RSI) is neutral, indicating neither overbought nor oversold conditions.

ADX: The ADX is at 22.96, indicating a moderate trend strength.

Stochastic Oscillator: The Stochastic %K is near the middle, implying a possible continuation or reversal based on upcoming price action.

CCI: The Commodity Channel Index (CCI) is in negative territory, suggesting the stock may be under selling pressure.

Awesome Oscillator: The Awesome Oscillator is positive, indicating potential bullish momentum.

Moving Averages:

The stock is trading above most moving averages, suggesting a prevailing uptrend. The 10-day EMA and the 20-day EMA are both above longer-term moving averages, reinforcing the bullish trend.

Chart Patterns and Observations:

The stock is currently trading above its Ichimoku Base Line, which is a bullish sign.

The Hull Moving Average and the Volume Weighted Moving Average are also showing an upward trend, supporting the bullish outlook.

In summary, TVS Holdings Limited is in a strong uptrend, trading above significant moving averages and technical indicators suggesting continued bullish momentum. Traders should watch for potential support near the 13,896 and 13,743 levels and resistance around 14,213 and 15,042. Monitoring the RSI and MACD for any potential changes in momentum could provide further trading signals.