Breakdown Stocks: How to trade Sonata Software, Swiggy and Tube Investments on Monday – Market Summary

Tube Investments of India is exhibiting a strong bearish trend, characterized by lower highs and lower lows. Bearish candles have formed over the past three sessions, indicating persistent selling pressure.

The MACD remains negative, signaling weak momentum, while the RSI near 32 suggests oversold conditions without signs of recovery.

The stock’s decline below key EMAs further confirms the negative sentiment. High trading volumes reflect continued selling interest.

Considering these factors, it is advisable to avoid the stock until it demonstrates signs of a potential reversal or holds above the 3,000 level. Waiting for a clear trend shift is recommended.

(Disclaimer: Recommendations, suggestions, views, and opinions given by experts are their own. These do not represent the views of The Economic Times)

[ad_1]

_{Images are for reference only.Images and contents gathered automatic from google or 3rd party sources.All rights on the images and contents are with their legal original owners.}

[ad_2]