Tega Industries Limited (TEGA) Stock - Complete Technical Analysis - Sep 06, 2024

Tech Analysis: Tega Industries (TEGA) Stock - Support, Resistance

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.

Tega Industries Limited is currently trading at 1,716. The technical indicators reveal a mixed outlook for the stock. The RSI is neutral, suggesting the stock might be in a consolidation phase. The MACD indicates bearish momentum, as it is showing a negative value, and the Awesome Oscillator supports this with its negative reading.

Resistance levels to keep an eye on are near 1,780 and 1,896. These could act as barriers if the stock tries to rally. On the downside, support levels are around 1,678 and 1,650. These levels could offer some stability if the stock starts to decline further.

The moving averages are in a bearish alignment, with the price trading below several key averages, which suggests a potential downward trend or consolidation period. Traders should watch for price action around these critical levels for potential trading signals.