The stock of Tube Investments of India has appreciated 6.2 per cent so far this week. It rebounded after finding support at ₹2,800. Thus, the stock, whose trend has been positive since past five months, has formed a higher base this week compared to ₹2,400 is formed in April. We expect the stock to gain more momentum and breakout of the nearest notable resistance at ₹3,130 soon and extend the upswing to ₹3,320.
The price region between ₹3,320 and ₹3,400 is a potential barrier. Traders can buy the stock at ₹2,965 and accumulate at ₹2,870. Place stop-loss at ₹2,760. When the price touches ₹3,130, trail the stop-loss to ₹3,000. Tighten the stop-loss to ₹3,150 when the stock rises to ₹3,250. Book profits at ₹3,320.
(Note: The recommendations are based on technical analysis. There is a risk of loss in trading.)
Published on August 7, 2025
