TVS Srichakra Limited (TVSSRICHAK) Stock - Complete Technical Analysis - Dec 05, 2024

TVS Srichakra Stock Analysis Key Support & Resistance Levels Trading Insights

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 Srichakra Limited (TVSSRICHAK) stock is currently trading at 3,762, which is significantly below its 52-week high of 4,900, showing a 23.22% drop. However, the stock is 8.44% above its 52-week low, reflecting some recovery potential. The stock's current P/E ratio of 35.1 suggests a high valuation relative to earnings, with a book value of 1,423, and a dividend yield of 1.26%. While these fundamentals seem attractive, the stock's technical picture provides mixed signals.

From a technical perspective, the Relative Strength Index (RSI) is at 49.52, indicating neutral momentum, while the Stochastic Oscillator suggests the stock is currently in an overbought state. The MACD is showing a bearish signal, though the Awesome Oscillator suggests there might still be some upward pressure. Traders should closely monitor these indicators for signs of a reversal.

The price trend reveals a potential short-term consolidation near key support levels, around 3,740-3,750. The stock has been oscillating between resistance and support without a clear directional breakout. The short-term EMAs (10-day, 20-day) are closely aligned with the current price, which further confirms this range-bound price action. A break above the 3,800 level could signal a return to bullish momentum, while a failure to hold above 3,740 could lead to a further downward movement.

The Average True Range (ATR) for TVS Srichakra is rising, indicating increasing volatility, suggesting that the stock could be poised for significant price movements. Traders should pay attention to potential volatility spikes and prepare for swift price action.

For traders, the key levels to watch are the support around 3,740 and resistance around 3,800. A breakout above 3,800 could trigger a move towards 4,000 and beyond, while a breakdown below 3,740 could push the price toward lower levels. Stay alert for any technical signals of price acceleration.