Tube Investments of India Ltd. is within an approximate horizontal trend channel in the medium long term, which indicates further development in the same direction. The stock has broken a resistance level in the short term and given a positive signal for the short-term trading range.
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There is no
resistance in the price chart and further
rise is indicated. In case of a negative
reaction, the stock has support at
approximately 2800 rupee. The stock is
overall assessed as technically positive for
the medium long term.
