TVS Supply Chain Solutions Limited (TVSSCS) Stock - Complete Technical Analysis - Sep 20, 2024

TVS Supply Chain Solutions: Bullish Signals Ahead Technical Analysis 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. Today, we are analyzing the stock of TVS Supply Chain Solutions Limited, currently trading at 202.89. The stock exhibits a bullish harami pattern, suggesting potential upward momentum. The Relative Strength Index (RSI) is hovering around 54, indicating that the stock is neither overbought nor oversold, suggesting a stable outlook.

Looking at key technical indicators, the MACD shows a positive momentum, while the Average Directional Index (ADX) indicates a moderate trend strength. The stock is trading above the Exponential Moving Averages (EMA) for 10, 20, and 30 days, which further supports a bullish sentiment.

Key support levels can be observed around the 190 mark, while resistance levels are seen near 205, which aligns with the classic pivot resistance. This suggests that traders should watch for potential breakouts above this level for a stronger upward move. With the stock currently trading at approximately 12% below its 52-week high of 231.15, there remains room for price appreciation if buying momentum builds.

Overall, TVS Supply Chain Solutions Limited appears to be in a healthy state for short to medium-term traders, especially if it can break the resistance at 205. Keeping an eye on volume trends and the overall market sentiment will be crucial as we navigate this analysis.