Tamilnadu Steel Tubes Stock Forecast

Buy or Hold candidate since Sep 23, 2025 Gain 63.12%

The Tamilnadu Steel Tubes Limited stock price gained 1.94% on the last trading day (Tuesday, 18th Nov 2025), rising from ₹30.85 to ₹31.45. It has now gained 10 days in a row. It is not often that stock manage to gain so many days in a row, and falls for a day or two should be expected. During the last trading day the stock fluctuated 0.0318% from a day low at ₹31.45 to a day high of ₹31.46. The price has risen in 10 of the last 10 days and is up by 25.1% over the past 2 weeks.

The stock has broken the wide and strong rising the short-term trend up and an even stronger rate of rising is indicated. For any reaction back there will now be support on the roof on the current trend broken at ₹29.01, a level that may pose a second chance to hit a runner. According to fan-theory ₹34.63 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.

TNSTLTU.BO Signals & Forecast

The Tamilnadu Steel Tubes Limited stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at ₹29.69 and ₹23.71. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, October 23, 2025, and so far it has risen 54.55%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for Tamilnadu Steel Tubes Limited stock

On the downside, the stock finds support just below today's level from accumulated volume at ₹27.44 and ₹26.39. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Tamilnadu Steel Tubes Limited finds support just below today's level at ₹27.44. If this is broken, then the next support from accumulated volume will be at ₹26.39 and ₹25.14.

This stock may move very much during the day (volatility) and with periodic low trading volume this stock is considered to be "very high risk". During the last day, the stock moved ₹0.0100 between high and low, or 0.0318%. For the last week the stock has had daily average volatility of 0.0846%.

Since the Tamilnadu Steel Tubes Limited has been rising for 10 days in a row, the risk over the next couple of days has increased. As we cannot be certain with regards to the size of the reaction, we urge caution.

Our recommended stop-loss: ₹30.35 (-3.50%) (This stock has very high daily movements and this gives very high risk. There is a buy signal from a pivot bottom found 17 days ago.)

Trading Expectations (TNSTLTU.BO) For The Upcoming Trading Day Of Wednesday 19th

For the upcoming trading day on Wednesday, 19th we expect Tamilnadu Steel Tubes Limited to open at ₹31.45, and during the day (based on 14 day Average True Range), to move between ₹31.10 and ₹31.80, which gives a possible trading interval of +/-₹0.704 (+/-2.26%) up or down from last closing price. If Tamilnadu Steel Tubes Limited takes out the full calculated possible swing range there will be an estimated 2.26% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ ₹27.44, some ₹4.01 (12.75%) from the current price of ₹31.45, our system finds the risk reward attractive.

Is Tamilnadu Steel Tubes Limited stock A Buy?

Tamilnadu Steel Tubes Limited holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

Current score: 0.000 Hold/Accumulate Unchanged

Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.

Predicted Fair Opening Price

Predicted fair opening price on November 19, 2025 - ₹31.45 ( 0.0106%).

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