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. TCI Express Limited is currently at 972.25, just above its 52-week low, indicating a potential pivot point. The stock has exhibited a pattern of indecision, as seen in today's spinning top candle. The RSI suggests that the stock is oversold, which might signal a reversal soon. However, the MACD and other indicators show significant bearish momentum, highlighting ongoing selling pressure. The average directional index indicates a weak trend, implying traders should be cautious. Resistance is seen at 1026, while immediate support lies at 968. Given the recent volatility and trading patterns, close monitoring of price action is essential. A decisive move below 968 could lead to further declines, while a bounce from these levels may present a buying opportunity.
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