Tourism Finance Corporation Simple Price Action Bullish
3 Reasons Why
TFCILTD
can be a Swing Long trade.
1. Price is in Uptrend and creating continuous HHs and HLs on the chart.
2. Price has revisited the uptrend line and this can send the price up.
3. Last but not least, the Price is standing at a Bullish Trap Zone which should send the price up. Moreover, it will allow us to Plot Specific Entry, Stop-loss, and Target.
So, Entry at 202.95/- or CMP inside the level. Stop-loss at 175.75/- and Target at 260/-. This will make it a 2:1 RR trade and a 27.77% Return on Investment.
Disclaimer: Stock trading is inherently risky and you agree to assume full responsibility for the outcomes of all trading decisions that you make, including but not limited to loss of capital. None of the stock trading calls made by Prosenjit should be construed as an offer to buy or sell securities, nor advice to do so. All comments and posts made by Prosenjit are for information purposes only and under no circumstances should be used for actual trading.
TFCILTD
can be a Swing Long trade. 1. Price is in Uptrend and creating continuous HHs and HLs on the chart.
2. Price has revisited the uptrend line and this can send the price up.
3. Last but not least, the Price is standing at a Bullish Trap Zone which should send the price up. Moreover, it will allow us to Plot Specific Entry, Stop-loss, and Target.
So, Entry at 202.95/- or CMP inside the level. Stop-loss at 175.75/- and Target at 260/-. This will make it a 2:1 RR trade and a 27.77% Return on Investment.
Disclaimer: Stock trading is inherently risky and you agree to assume full responsibility for the outcomes of all trading decisions that you make, including but not limited to loss of capital. None of the stock trading calls made by Prosenjit should be construed as an offer to buy or sell securities, nor advice to do so. All comments and posts made by Prosenjit are for information purposes only and under no circumstances should be used for actual trading.
Trade closed: target reached:
Target achieved.
