TV18 Broadcast Limited (TV18BRDCST) Stock - Complete Technical Analysis - Nov 13, 2024

TV18 Broadcast Technical Analysis: Key Levels & Insights for Traders NSE Stock Analysis

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. TV18 Broadcast Limited (TV18BRDCST), priced at 45.3, has demonstrated some volatility in the last week. The stock briefly surged on October 15, reaching 45.95 before retracing back to the low 42 levels. This indicates some market indecision, with recent movement bouncing between minor support and resistance levels. The stock is currently trading well below its 52-week high of 68.7 and has had a recent rally, making it susceptible to pullbacks.

The Average Directional Index (ADX) at 17.17 indicates weak trend strength, suggesting that TV18BRDCST is lacking a strong directional bias in the short term. The stock's RSI, which is just above the neutral 50 mark, points to a balanced buying and selling sentiment, with no clear overbought or oversold conditions. MACD is showing a slightly bearish bias, confirming that there is some downward pressure in the immediate future. However, the Stochastic RSI is in the overbought territory, which may signal caution for short-term traders.

The support levels to watch are around 41.97 and 39.38, with the resistance zone between 46.83 and 49.42. A decisive breakout above the resistance level could signal potential for a bullish move towards the 52-week high, while a breach below the support levels may push the stock lower. Keep an eye on volatility, as the ATR is hovering around 7.8, indicating that price swings could become more pronounced if the stock breaks key levels.

With the stock showing some signs of consolidation and indecision, traders should monitor these levels closely for confirmation of breakout or breakdown.