TVS Supply Chain Solutions Limited (TVSSCS) Stock - Complete Technical Analysis - Nov 22, 2024

TVS Supply Chain Solutions Stock Analysis Support, Resistance & Technical Indicators Explained

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) has been trading around 178.49, which is a 17.97% drop from its 52-week high. The stock is hovering above the 52-week low by 23.10%, indicating a position within a key price range. Recently, the stock displayed a decline of 1.15% in the last trading session, which indicates some short-term bearish pressure.

Technical indicators reveal a mixed picture. The RSI is at 41, suggesting the stock is approaching oversold levels, but not yet in the extreme zone. The MACD is negative, indicating weak momentum, while the Stochastic RSI shows theres room for further downside before it reaches oversold conditions. Traders should keep an eye on support levels at 170.94 and resistance at 183 to 185. A breakdown below support could lead to further downward movement, potentially approaching 160, while a breakout above resistance could drive the price towards 200.

The stock's volatility is captured by an ATR around 7, highlighting potential for price fluctuations within the 170 to 182 range in the short term. Investors should exercise caution as the stock is in a consolidation phase with weak momentum indicators. It may be more suitable for traders looking to capitalize on these fluctuations.

In conclusion, TVSSCS is currently showing signs of weak momentum and price consolidation. Traders should watch key levels for confirmation of a trend direction before making significant moves.