TVS Supply Chain Solutions Limited (TVSSCS) Stock - Complete Technical Analysis - Dec 18, 2024

TVS Supply Chain Solutions Stock Analysis Key Levels, Patterns & Insights Dec 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.

TVS Supply Chain Solutions Limited (TVSSCS) is currently facing bearish pressure, trading at 183.11, about 16% below its 52-week high of 217.58. The stock recently formed a "Three Black Crows" pattern, which is a continuation of the downtrend, signaling potential further declines. The Relative Strength Index (RSI) is near 48, suggesting that the stock is neither overbought nor oversold, implying that the trend could continue in either direction. The MACD is still above the signal line but losing momentum, which adds weight to the bearish outlook.

Looking at the price action over the last few days, TVSSCS has been testing lower levels, and with the stock currently trading at 183.11, a break below 182.51 could trigger further declines, possibly targeting key support zones around 169.84 or 162.76. However, the resistance levels remain strong at 186.70 and 190.00, where the stock has recently faced challenges in breaking through. The 50-day and 100-day Exponential Moving Averages (EMA) at 185.17 and 186.63, respectively, will act as resistance in the near term.

The volatility, as indicated by the Average True Range (ATR) of 7.83, suggests that there could be sharp movements in either direction, so traders should remain cautious of sudden surges or drops. The volume is also key to confirming the price movement. A break through resistance could signal a short-term reversal, but without a volume-backed breakout, the downtrend could persist. In the medium term, TVSSCS is in a consolidation phase, and traders should focus on price action at key support and resistance levels to make informed trading decisions.