TCI Express Limited (TCIEXP) Stock - Complete Technical Analysis - Sep 11, 2024

TCI Express (TCIEXP) Stock Analysis: Key Levels, Trends & 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.

Technical Analysis of TCI Express Limited (TCIEXP)

TCI Express Limited is currently trading at 1136.50, which positions it about 26.91% below its 52-week high of 1554.90 and approximately 13.89% above its 52-week low of 997.85.

The stock's recent trading pattern indicates a Spinning Top candlestick formation, reflecting market indecision. The Doji pattern observed suggests a period of indecision or potential trend reversal.

Support and Resistance Levels:

Immediate Support: Around 1126.20, aligning with the Classic Pivot Point and Camarilla Pivot Point.

Immediate Resistance: Approximately 1164.60, which is near the high of the recent Spinning Top candle.

Moving Averages and Trend Indicators:

The stock is trading slightly above its Short-Term Moving Averages (10-day and 20-day) but below its Long-Term Moving Averages (50-day and 200-day), indicating a mixed trend.

The Exponential Moving Averages (EMAs) show that the 10-day EMA is below the 20-day EMA, suggesting a bearish short-term outlook. However, the 50-day EMA is close to the current price, which might offer some support.

The Relative Strength Index (RSI) is at 52.39, indicating that the stock is neither overbought nor oversold but rather in a neutral zone.

The Average Directional Index (ADX) is at 18.8, reflecting a weak trend strength, implying that the market is consolidating.

Oscillators and Momentum Indicators:

The MACD is negative, suggesting a bearish momentum. The Awesome Oscillator is positive, indicating some bullish momentum, albeit weak.

The Commodity Channel Index (CCI) is high, reflecting strong momentum. However, the Williams Percent Range is in the oversold zone, hinting at a potential rebound.

The Stochastic Oscillator shows the %K line at 67.85 and the Stochastic RSI Fast at 76.89, which suggests the stock may be in the upper range of its recent price movement and could experience a pullback.

Chart Patterns:

The stock recently formed an Inside Candle pattern with a high of 1170.00 and a low of 1095.05, suggesting a consolidation phase with potential for a breakout.

Overall, TCI Express Limited is showing signs of consolidation with mixed signals from various indicators. Traders should watch for a breakout above 1164.60 or a breakdown below 1126.20 to determine the next significant move.