Tube investment is looking reasonable on charts. The downside looks limited with important short covering levels placed at 2324 and 2136 if it slips below the immediate support of 2520. The upside looks promising currently trading at 2697. We can expect upside once it crosses and sustains above the range of 2774-2925. It may face some resistance at 3379. Upon crossing this resistance, we can expect it to give good upside momentum upto 4270-4570. The view remains invalidated if Tube investment breaches 236 on the downside.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.