TradingView
Chart_World
Oct 27, 2022 6:52 PM

TFCILTD near breakout????????? Long

TOURISM FIN CORPNSE

Description

NSE:TFCILTDBSE:TFCILTD

Time Frame – Weekly

Note – Sharing chart before weekly closed. So, wait for weekly closing.

Observations:-
* Trendline breakout and weekly 200 SMA breakout done with huge volume candle
* Price trading inside the high-volume mother candle (Range 76.70 – 60.05)
* Trading in symmetrical Triangle pattern breakout above 77
* Price may show some quick upside to break the multiple resistance

Resistance – 77 / 83.85 / 100 / 115 / 134.35 / 154.40 / 182.25

Support – Weekly 200 SMA & 60 (mother candle low) & 67-60 zone


DISCLAIMER: NCFM Certified Technical Analyst. I am not SEBI registered analyst. All posts are for educational purpose only. I am not responsible for your any loss or profit. Consult your adviser before taking any trade. I help people to learn technical analysis & charts reading.
Comments
johntradingwick
This publication has been chosen for the Editor's Picks and will be featured on in.tradingview.com/ideas/editors-picks/.

Thank you for your valuable contribution to the Tradingview community and keep up the good work!
mishramukesh289
chart setting plzz
badhwardeepak78
rushikeshaher1826
OSM
rahulhydrabadi2011
superb man
unisonmsr
what is mother candle
Chart_World
@unisonmsr, The bigger candle is “mother candle” and then next few candles trades only within the high and low of the candle.
Xoheb
This is amazing
badhwardeepak78
Awesome explanation
ganeshvishvakarma05
weekly/monthly cup breackout upload stocks plz
More