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Unite Technologies Financial

9th Jul · SEBI-Registered Analyst

Technical Analysis Tilaknagar Industries Ltd

The stock

TI
is currently trading in a sideways consolidation phase after a strong rally. The stock has been moving in a broad range of ₹430–₹470 showing that buyers and sellers are balanced. Although the long-term structure remains positive the stock needs a decisive breakout to start the next trending move. At present price is holding above its important support zone which indicates buying interest at lower levels. Support ₹430–₹435 is the immediate support zone. If this level holds, the stock can continue consolidating with a positive bias. Below ₹430 the next support is around ₹405–₹410. Resistance Immediate resistance is placed at ₹470–₹475. A sustained close above this level can open the way towards ₹495–₹510 in the short term. The stock remains range-bound but constructive. Traders should wait for a breakout above ₹475 with higher volumes before taking fresh positions. Existing holders can continue holding as long as the stock stays above ₹430 while a breakdown below this support may weaken the overall technical structure.

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