Tube Investments of India – Technical View

Tube Investments of India – Technical View (SEBI Reg. INH000019886 | Educational Purpose Only) 🔹 Price Action: The stock has shown a sharp recovery from the recent swing low near ₹2,280, forming a higher low structure on the daily chart. Price is now trading above the short-term moving averages and approaching a key resistance zone near ₹2,720–₹2,750. 🔹 Indicators: Bollinger Bands show expansion after a squeeze, indicating rising volatility with bullish intent. RSI near 65 and trending upward, reflecting strengthening momentum. MACD in positive crossover territory, supporting the ongoing upside move. Volumes picked up during the recent breakout leg, confirming buying participation. 🔹 Key Levels: 🔼 Upside: ₹2,750 → ₹2,886 → ₹3,000 🔽 Support: ₹2,645 / ₹2,525 A sustained close above ₹2,750 can trigger continuation towards ₹2,886 and higher. Holding above ₹2,645 keeps the short-term bullish structure intact. 💡 Bias: Positive momentum with higher high–higher low formation; watch resistance breakout for continuation. ⚠️ Disclaimer: Educational purpose only. Not a buy/sell recommendation.