TAJGVK - 18 years of Resistance breakout
Updated
The stock's price moves above a eighteen years resistance level. Bullish signal generated with Cup & Handle neckline breakout, which supported by increasing volume. Wait for price retest to confirm the valid breakout.
MCAP 1936cr | P/E 30.70 | ROCE 21.80% | ROE 18.40% | Promoter Holding 75% | D/E 0.26
Stop Loss below Rs 285; Target 1 Rs 425
Weekly Chart
From past 18 month, the stock is uptrend with higher high & lower low price structure.
Daily Chart
After the short term consolidation, price given a strong volume breakout. The price above key moving average.
Thanks
-aj
Disclaimer: The information and publications are not meant to be, and do not constitute, financial, investment, trading or any other types of advice or recommendations.
MCAP 1936cr | P/E 30.70 | ROCE 21.80% | ROE 18.40% | Promoter Holding 75% | D/E 0.26
Stop Loss below Rs 285; Target 1 Rs 425
Weekly Chart
From past 18 month, the stock is uptrend with higher high & lower low price structure.
Daily Chart
After the short term consolidation, price given a strong volume breakout. The price above key moving average.
Thanks
-aj
Disclaimer: The information and publications are not meant to be, and do not constitute, financial, investment, trading or any other types of advice or recommendations.
Note
Big move from retest level.
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.