Technical Analysis Thangamayil Jewellery Ltd.

The stock

since reaching a peak near 4100–4200 in early 2026 the stock has been trading in a broad range. This is healthy it allows the stock to digest previous gains before the next leg up. The big move in November the stock witnessed a massive impulse move jumping from roughly 2200 to 3400 in a very short period. Immediate resistance the 3850 – 4000 zone. The price has struggled to sustain above this level multiple times recently. A daily close above 4000 would signal a fresh breakout. Immediate support The 3400 – 3500 area. Notice how the price bounced sharply from this zone in early March. Major support around 3200. This was a previous base and acts as a safety net for long-term holders. The price is currently at 3752 which is in the middle of the range. Entering here offers a neutral risk-to-reward ratio. The stock is trading well above its long-term moving averages implied by the price history keeping the long-term bias Bullish. Technical analysis is based on historical patterns and does not guarantee future results. Always use a Stop-Loss to manage your risk.