TBOTEK - Technical Analysis with Chart Patterns & Indicators

Last Updated Time : 19 Sept 25, 2:16 pm

Technical Rating: 4.2

Here’s a comprehensive technical analysis of TBOTEK

📊 Trend Overview

Current Trend: TBOTEK is in a strong uptrend, having rebounded from its 52-week low of ₹986 and currently trading at ₹1,601. It’s well above both the 50 DMA (₹1,456) and 200 DMA (₹1,419), indicating sustained bullish momentum.

Long-Term Trend: Intact, with higher lows and higher highs. However, the recent drop in volume and extremely high P/E (341) suggest caution near resistance zones.

📈 Moving Averages

50 DMA: ₹1,456

200 DMA: ₹1,419

Current Price: ₹1,601

Interpretation: Price is comfortably above both averages, confirming a bullish bias. The rising slope of both DMAs supports continuation.

📉 MACD & RSI

MACD: Strongly positive at 51.7, indicating bullish momentum.

RSI: At 61.9 — healthy range, not overbought, but nearing resistance.

Conclusion: Momentum indicators support a buy-on-dips strategy. RSI above 65 and MACD widening would reinforce bullish conviction.

📊 Volume Trends

Current Volume: 66,698

1-Week Avg Volume: 1,33,123

Interpretation: Volume is significantly below average, suggesting low conviction. A breakout above ₹1,620–₹1,650 would need volume confirmation.

📉 Bollinger Bands

Price is likely near the upper band, signaling strength but also short-term resistance. A breakout with volume would confirm trend continuation.

📌 Support & Resistance Levels

Level Price (₹) Commentary

Support 1 1,456 50 DMA, short-term support

Support 2 1,419 200 DMA, strong base

Resistance 1 1,650 Near-term resistance zone

Resistance 2 1,750–1,820 Intermediate swing highs

Resistance 3 1,892 52-week high

🎯 Entry & Exit Zones

Optimal Entry: ₹1,460–₹1,490 (on pullback with confirmation)

Exit Zone: ₹1,750–₹1,820 (partial profit booking), ₹1,890+ (final target if breakout sustains)

🔍 Summary

Trend: Trending upward

Momentum: Strong bullish

Bias: Buy on dips

Short-Term Strategy: Accumulate near ₹1,460–₹1,490 with breakout confirmation above ₹1,650. Target ₹1,750–₹1,890 over the next few weeks.

Let me know if you’d like a visual chart overlay or swing trade setup based on this!

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