Tata Investment Corporation Limited (TATAINVEST) Stock - Complete Technical Analysis - Nov 19, 2024

Tata Investment Corporation Technical Analysis: Support, Resistance & Market Trends TATAINVEST St

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. Tata Investment Corporation Limited (TATAINVEST) stock analysis shows mixed signals for both short-term and long-term traders. Currently trading at 6,646.90, the stock is 31.87% below its 52-week high of 9,756.85 and 67.55% above its 52-week low of 3,967.

Over the past week, the stock has been fluctuating, with the latest trading day (November 19, 2024) showing a small pullback from its intra-day highs. The key resistance levels are around 6,700-6,800, while immediate support lies at 6,300-6,400.

From a moving averages perspective, both the short-term and long-term EMAs are showing resistance around the 6,700 range. The stock is not displaying strong momentum as indicated by the negative MACD and RSI around neutral territory. The Average True Range (ATR) suggests rising volatility, which means we can expect price swings in either direction.

The stocks P/E ratio of 123 and low profitability indicators (ROCE and ROE) indicate that the stock might be overvalued, which should make investors cautious.

Traders should monitor for any potential breakout above the 6,800 level for a bullish move or watch for a break below 6,300 for further downside.