TV Today Network Limited (TVTODAY) Stock - Complete Technical Analysis - Nov 01, 2024

Unlocking Value: Technical Analysis of TV Today Network Limited Stock NSE 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. The analysis of TV Today Network Limited reveals that the stock is currently trading at 203, which reflects a significant distance from its 52-week high of 308, representing a drop of 34.14%. The price is above its 52-week low of 185.65, indicating a recent bounce back. In the last trading session, the stock opened at 199.65, showing upward momentum by reaching a high of 203.75 before closing at 202.86.

The technical indicators indicate a bearish outlook, with the MACD indicating negative momentum. The RSI is hovering around 35, suggesting that the stock could be oversold, which may invite buying interest. The ADX is positioned at 35.55, signaling a strong bearish trend, while the Stochastic indicators point to weakness in buying pressure.

Key support levels to monitor are at 192 and 186, with resistance levels identified around 210 and 214. Investors should pay attention to these levels for potential entry or exit points. The fundamental metrics, such as a P/E of 11.7 and a dividend yield of 4.19%, indicate potential value, making the stock worth considering for long-term investment strategies if it maintains support.