TVS Holdings Limited (TVSHLTD) Stock - Complete Technical Analysis - Nov 21, 2024

TVS Holdings Limited Technical Analysis Support, Resistance & Key Insights Partha Kuchana - Fina

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 Holdings Limited (TVSHLTD) is experiencing a price pullback from its recent highs, currently trading at 11,385. It is still 24.79% below its 52-week high of 15,137, but it's over 100% higher from its 52-week low of 5,502. The stock shows an RSI of 35.1, indicating oversold conditions, with a possibility of a rebound in the near term.

Looking at technical indicators, the MACD is negative, confirming the bearish momentum, and the ADX value of 28.71 suggests that the trend is not yet strong, leaving room for potential reversal. With the stock currently trading below key moving averages, there is a clear downtrend in place, but the stock could be poised for a potential reversal if buying interest picks up.

The support for TVS Holdings is seen near the 11,200-11,300 region, and resistance lies between 12,100 and 12,200. Should the stock manage to break above 12,400, we could see a shift in momentum. For traders, watching for breakouts or confirmations of trend reversal at key levels will be crucial.

In summary, TVS Holdings is currently showing short-term weakness but holds potential for a recovery. Active traders should focus on watching the key support and resistance zones while being cautious of any further bearish signs.