TVS Holdings Limited (TVSHLTD) Stock - Complete Technical Analysis - Nov 11, 2024

TVS Holdings Limited Technical Analysis - Key Levels, Price Trends, and Indicators for Traders

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. TVS Holdings Limited (TVSHLTD) is currently showing signs of a bearish trend. With the stock trading at 12,258.90, it's 19% below its 52-week high of 15,137.45. After experiencing a sharp drop on October 22, when the stock closed at 13,228.10 from 14,497.00, the trend shifted to a downward bias. On October 25, the stock showed a slight recovery, closing at 12,258.90 after reaching a low of 12,112.25, indicating volatility but with some support near this level.

The stock remains below its key EMAs, suggesting a weak short-term trend. With an RSI of 35.94 and momentum indicators like the Stochastic RSI and Awesome Oscillator showing negative signals, it suggests the stock may continue to struggle in the near term. However, the Average Directional Index (ADX) at 21.35 indicates that the current trend strength is weak, implying the stock may soon stabilize or experience a reversal if it tests support at 12,100.

Resistance is around 12,700, with the stock facing repeated challenges at this level. As the stock trades below the significant moving averages, short-term traders may need to be cautious, while long-term investors could watch for a possible reversal if price action improves near the 12,100 zone. Volume could offer further insights into whether the stock will hold support or test new lows.