TVS Supply Chain Solutions Limited (TVSSCS) Stock - Complete Technical Analysis - Nov 13, 2024

TVS Supply Chain Solutions Stock Analysis: Bearish Trends, Key Levels to Watch Technical 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. TVS Supply Chain Solutions Limited (TVSSCS) stock, trading at 176.44, has shown a significant decline from its 52-week high of 217.58. In recent trading sessions, the stock experienced fluctuations, with notable weakness in today's price action, hitting a low of 175.29 before closing at 176.44. This marks a bearish trend, with RSI indicating the stock is in oversold territory.

The Average Directional Index (ADX) at 25.53 confirms moderate directional strength, but the Stochastic RSI and Commodity Channel Index (CCI) suggest declining momentum. Moving averages, both exponential and simple, also indicate the stock is trading below these levels, reinforcing the bearish outlook. Short-term support lies near 170.94, and if the price rebounds, traders should look for resistance near 183-185.

From a fundamental standpoint, the stock shows weak performance with a high P/E of 89.9 and a low ROCE of 5.92%. A low dividend yield and poor ROE indicate limited growth potential, further confirming the bearish outlook. However, being 21.68% above its 52-week low provides some cushion, so cautious traders may monitor for reversals, especially if price holds above the key support level.