As per weekly charts, Scrip is gearing up in ascending channel with higher highs and higher lows, forming strength candles wherein,
BH>50% CH% Candle. Thanks to Deishma for providing theory insights deishman.wordpress.com/2017/09/09/how-to-fix-targets-for-investment-stocks/ BH -% is Body Height of the Candle and is the Absolute Difference between Close and Open of the Candle. CH -% is Candle Height of the Candle and is the Absolute Difference between High and Low of the Candle.
Bullish momentum sign 1) SMA - Ongoing momentum is seeing surge 2) CCI ( Commodity channel index ) - Above 100 _________________________________________________________________________________________
Aiming towards TP and beyond thereon after entry confirmation around 156 Call- 1- 1.5 months (As per previous momentum wherein scrip managed to rise by 72% in one month) SL as per risk appetite screener.in/company/TFCILTD/