TARC Limited (TARC) Stock - Complete Technical Analysis - Sep 20, 2024

Analyzing TARC Limited: Key Technical Insights and Future Price Predictions

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 of TARC Limited stock. Currently trading at 235, TARC has shown a significant upward momentum, being 176.19% above its 52-week low and just 3.84% below its 52-week high. This reflects a strong recovery in its price action, especially considering the previous low of 83.2.

From a trend perspective, the stock is currently holding above several key moving averages, including the 10 and 20 EMA, which indicates a bullish trend. The MACD shows a positive divergence, suggesting potential continuation of this upward momentum. The RSI is positioned near the midline, indicating a neutral stance, while the Stochastic oscillator is relatively low, hinting that the stock might be undervalued at this price point.

Support levels to watch are around 221.38, aligning with various pivot calculations, which could act as a floor if the price were to retrace. Resistance is likely near the recent highs around 238.97. If the stock breaks above this level, we could see further bullish movement towards the next resistance levels.

Additionally, the Average Directional Index indicates a weak trend strength, suggesting traders should be cautious of volatility. Overall, while TARC Limited shows potential for gains, it's essential to keep an eye on broader market conditions and potential pullbacks towards support levels before making significant trading decisions.