$TTE CMP $49.64. Crossed that red line price mark recently but coming down and testing that support price. Which means that price pull back. Support stock price is $49.50 means more buyers are willing to step in if price falls down further or at that level. Recently 50 EMA price crossed 200 EMA which is good sign for stock. General indication is uptrend. Stock price can fall to 50 EMA price indicated by yellow line or blue arrow.
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Price failed to hold 200 SMA price level.