TIINDIA - Technical Analysis

Last Updated Time : 02 Aug 25, 12:58 am

Technical Rating: 3.1

Here’s a detailed technical analysis of Tube Investments of India Ltd (TIINDIA)

📉 Trend Overview

Current Price: ₹2,868 is below both the 50 DMA (₹2,933) and 200 DMA (₹3,142), indicating a bearish trend.

RSI (43.3): In the neutral-to-bearish zone, suggesting weak momentum but not oversold.

MACD (-20.6): Negative, confirming bearish momentum.

Volume: Flat at ~1.53L, matching the 1-week average — shows lack of directional conviction.

📌 Conclusion: The stock is trending down, with signs of continued weakness unless supported by a reversal signal.

📊 Chart Patterns & Indicators

Bollinger Bands: Price likely near the lower band, indicating oversold conditions and potential bounce zone.

Candlestick Patterns: Recent formations suggest selling pressure, but no strong reversal signal yet.

ADX (51.1): Indicates a strong bearish trend

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🔍 Support & Resistance Zones

Level Price (₹) Strength

Support 1 2,800–2,820 Moderate (recent pivot)

Support 2 2,400 Strong (52W low)

Resistance 1 2,933 Moderate (DMA 50)

Resistance 2 3,142 Strong (DMA 200)

Resistance 3 3,300–3,450 Major (trendline resistance)

🎯 Entry & Exit Zones

Optimal Entry: ₹2,800–₹2,850 (near support and Bollinger lower band)

Exit Zone: ₹2,933–₹3,142 (approaching resistance and moving averages)

⚡ Momentum Signals

Short-Term: Bearish momentum with weak RSI and MACD divergence.

Medium-Term: Negative bias unless price reclaims ₹2,933–₹3,142.

Volume Trend: Flat, suggesting sideways movement and low conviction.

🧭 Summary

TIINDIA is currently in a downtrend, with technical indicators showing weak momentum and bearish sentiment. While there’s no strong reversal signal yet, a bounce from ₹2,800–₹2,850 is possible. Traders may consider accumulating cautiously near support with a stop-loss below ₹2,750 and targeting exits near ₹3,100–₹3,150.

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