Thomas Cook (India) Limited (THOMASCOOK) Stock - Complete Technical Analysis - Nov 13, 2024

Thomas Cook Stock Analysis: Key Support & Resistance Levels to Watch Trading 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. Thomas Cook (India) Limited is currently priced at 192, which remains significantly lower than its 52-week high of 264. Recent price movements have been volatile, with the stock facing a series of ups and downs in the last week, including sharp drops to as low as 190. This suggests heightened volatility and potential trading opportunities. The Relative Strength Index (RSI) is sitting at 47.14, indicating that the stock is not yet oversold, while the Average Directional Index (ADX) at 18.43 suggests the stock is in a consolidation phase.

The MACD is showing a bearish trend, but other indicators like the Awesome Oscillator and Stochastic RSI indicate possible bullish momentum, which implies a potential short-term reversal. The stock is facing resistance at the 200-205 range, while support is likely around 190. The key technical levels for traders to watch are the 190 support zone and the 200-205 resistance range. The recent price action shows the stock failed to hold above 200, signaling caution for any upward momentum.

For traders looking to enter, a price rebound from 190 could signal a buying opportunity, but any price action near 200-205 should be treated with caution, as resistance remains strong. Keep an eye on these key levels for potential moves.