nitinKgupta

Tourism Finance Ride the Bull (Study Purpose)

Long
nitinKgupta Updated   
NSE:TFCILTD   TOURISM FIN CORP
Ride the Bull, Weekly Breakout and retest of breakout levels done.
moving towards FIB EXT 1.618 and beyond.
Solid Q3 results, GOI boost to tourism sector for the years to come.
Only negative is the 5% circuit filter which makes entry/exit little difficult.
minor resistances Rs225, Rs248
Buy on every dip
Rsi trendline support break in weekly is actual SL.
Daily chart SL is Rs190.


Disclaimer : Above scenario just for educational purpose and study of graphical movements as per available technical parameters derived by professionals. Be careful before investing and consult your advisor before making such decisions. I am not responsible for any mishaps or losses or gains. Not a registered sebi member.
Personally I'm invested.
Trade active:
Today it gave chance to enter, again back to upper circuit.
Comment:
CMP now Rs260, Trailing Profit SL revise it to Rs225 on closing basis.
Comment:
Latest developments,
Cupid Ltd promoter Aditya Kumar Halwasiya added 1.18crores shares at Rs209.
Further company allotted 88.91Lakhs shares at Rs225 pref shares to new investors, which includes Aditya Kumar Halwasiya, Cupid Ltd (22.23Lakhs shares each), Columbia Petrochem Pvt Ltd (44.45Lakhs shares).
Comment:
Any fall further is a buying opportunity.

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