Company Overview: Tata Teleservices (Maharashtra) Ltd. (NSI: TTML) is a licensed telecommunications services provider. Tanla Platforms Ltd. (NSI: TANLA) is a cloud communication provider, which engages in information technology and computer services. Saregama India Ltd. (NSI: SAREGAMA) is a holding company, which engages in the manufacture and sale of music and television products. Music Broadcast Ltd. (NSI: RADIOCITY) engages in the operation of private FM radio stations through the brand Radio City.

Tata Teleservices (Maharashtra) Ltd.’s Technical Observation:- The stock prices recently broke a crucial resistance level of INR 87.80 and hovering above the breakout level, indicating a positive momentum. The leading indicator RSI (14-period) is moving northward with a reading of 72.26, and the 20-period SMA and 50-period SMA are below the current market price, further supporting a positive bias. The important resistance level for the stock is INR 125, followed by INR 134, and on the lower side, INR 96 may act as a crucial support level.

Tanla Platforms Ltd. (NSI: TANLA)’s Technical Observation:- The stock prices are witnessing a sharp upside movement after taking support from an upward sloping trend line, indicating a positive momentum buildup in the stock price. The leading indicator RSI (14-period) is moving northward with a reading of 59.21, and the 20-period SMA and 50-period SMA are below the current market price, further supporting a positive bias. The important resistance level for the stock is INR 1200, followed by INR 1300, and on the lower side, INR 950 may act as a crucial support level.

Saregama India Ltd. (NSI: SAREGAMA)’s Technical Observation:- The stock prices are trading with higher highs and higher lows formation, indicating an overall upward trend for the stock. The leading indicator RSI (14-period) is moving northward with a reading of 60.05, and the 20-period SMA and 50-period SMA are below the current market price, further supporting a positive bias. The important resistance level for the stock is INR 460, followed by INR 490, and on the lower side, INR 370 may act as a crucial support level.

Music Broadcast Ltd. (NSI: RADIOCITY)’s Technical Observation:- The stock prices recently broke a horizontal trend line by the upside with the support of volumes, indicating a positive momentum buildup in the stock prices. The leading indicator RSI (14-period) is moving northward with a reading of 65.83, and the 20-period SMA and 50-period SMA are below the current market price, further supporting a positive bias. The important resistance level for the stock is INR 18.20, followed by INR 19.90, and on the lower side, INR 14.30 may act as a crucial support level.

How to Read the Charts?

The Green colour line reflects the 20-period moving average, while the red line indicates the 50-period moving average. SMA helps to identify existing price trends. If the prices are trading above the 21-period and 50-period moving averages, then it shows prices are currently trading in a bullish trend.

The Black colour line in the chart’s lower segment reflects the Relative Strength Index (14-Period), which indicates the strength of the price trend. A reading above 50 indicates a positive momentum, while below 50 indicates a negative momentum. A reading of 70 or above suggests overbought status, while a reading of 30 or below suggests an oversold status.

The Red and Green colour bars in the chart’s lower segment show the volume of the stock. The volume is the number of shares that changed hands during a given day. Stocks with high volumes are more liquid than stocks with lesser volumes, and higher liquidity in stocks helps in easier and faster execution of the order.

The Orange colour lines are the trend lines drawn by connecting two or more price points and are used for trend identification purposes. The trend lines also act as a line of support and resistance.

Abbreviations
CMP: Current Market Price
SMA: Simple Moving Average
RSI: Relative Strength Index
INR: Indian Rupee

Note: Trading decisions require a thorough analysis by individuals. The technical analysis articles generally chart out metrics that individuals may assess before any stock evaluation. The above are illustrative analytical factors used for evaluating the stocks; other parameters can be looked at along with additional risks per se.

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