TradingEdge_Academy

Thomas Cook (India) Ltd. - WEEKLY

Short
NSE:THOMASCOOK   THOMAS COOK
Thomas Cook (India) Ltd.

The stock price clearly maintaining a downtrend with negative momentum.

Technically there is no indication for a positive reversal witnessed yet.

On the higher side 34.50 - 35.70 are strong resistances. On the lower side 27.50 - 28.50(5Ma) likely to act as supports.

A breakdown below 27 can further increase weakness on the lower side further.

KEEP AN EYE!! #B-

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Garey
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