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varun_devadiga

Channel Breakout in TFCI

Long
TOURISM FINANCE CORPORATION OF (BSE:TFCILTD)  
varun_devadiga  
BSE:TFCILTD   TOURISM FINANCE CORPORATION OF
Support and Resistance Trend Lines Parallel Channel TFCILTD LONG Bullish Patterns volumespike Trend Line Break breakout breakouttrading
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supportandresistance trendline parallelchannel tfciltd long bullish volumespike trendlinebreak breakout breakouttrading
From past one year stock has been trading in a channel. Finally it has broken from its previous resistance with significant volume.

At this price risk reward is not attractive. So, it is better to wait for retest near 71-68 levels.

Maintain strict stop loss at 58.

All possible targets are marked on the chart.

This is just a view, not recommendation to trade. Do your own analysis before making any investment.

Do like and share this idea and share your opinion in the comment section.

TFCILTD

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