TARC Limited (TARC) Stock - Complete Technical Analysis - Nov 14, 2024

TARC Limited Technical Analysis Key Levels, Indicators & What Traders Should Know

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. TARC Limited (TARC) stock is currently showing signs of weakness with recent price movements and key technical indicators. The stock closed at 202.40, which is 25.02% below its 52-week high of 269.95, signaling a sharp pullback. In recent days, the stock has experienced significant fluctuations, opening at 195.51 and hitting a high of 206.04 today. This suggests a volatile market for the stock.

Key indicators like the RSI are currently below 30, which indicates that the stock is in oversold conditions. The MACD is also in negative territory, reinforcing the bearish sentiment. The stock is trading below major moving averages (50, 100, and 200), further indicating a downtrend. The Momentum indicator is also negative, suggesting that selling pressure remains strong. On the positive side, the Average Directional Index (ADX) at 23.25 suggests that the current trend lacks strength, which could imply that the stock might find support around the 200-level.

Support near 200 seems crucial for the short term, and if the price holds, traders may see a potential bounce back toward 220-230. However, if the stock falls below 200, it could further test lower support levels. Monitoring the RSI and other indicators for signs of reversal or continuation of the downtrend will be crucial for traders looking for entry points.