TARC Limited (TARC) Stock - Complete Technical Analysis - Sep 10, 2024

TARC Stock Analysis: Key Resistance & Support Levels Technical Insights September 2024

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 is currently trading at 235, which is just 3.8% below its 52-week high of 238.97, reached on July 9, 2024. The stock has seen a significant rise of about 176% from its 52-week low of 83.2, recorded on September 21, 2023.

In terms of technical analysis, TARC is facing key resistance around the 236 to 238 range. If the stock can break through this resistance, it could potentially move higher. On the downside, support levels are likely around 225 to 230. The stock's current position suggests it's near an area of potential consolidation or breakout.

The RSI is approaching overbought territory, indicating strong bullish momentum. The MACD is also positive, suggesting upward momentum. The ADX indicates a moderately strong trend, which aligns with the current bullish sentiment. The Stochastic is in a favorable position, showing strength, but the Stochastic RSI indicates it may be getting overextended.

The Awesome Oscillator and Bull Bear Power are both positive, reinforcing the bullish outlook. The Ultimate Oscillator supports this with its favorable reading. However, the stock's momentum is slowing down, indicating that while the stock remains strong, there might be a period of consolidation or slight pullback before it continues its upward movement.

Overall, TARC Limited is in a strong bullish phase with critical resistance and support levels to watch. Traders should keep an eye on these levels to determine potential trading opportunities.