TIINDIA - TGT 4000- 4160 DT 04-05-2024
Tube Investments of India Ltd. is an interesting chart with following
1. RSI on daily and monthly time above 60
2. Price crossed above 20 week SMA with volume
3. ABCD pattern under formation on weekly chart
can be a good risk reward with buy on dips and dips only with support near 3670 - 3600 zone
Lets See How it evolves
Disclaimer: NOT A BUY / SELL RECOMMENDATION I am not an expert I just share interesting charts here for educational purpose and not to be taken as buy/sell recommendation. Please seek expert opinion before investing and trading as trading/ investing in market is subject to market risks. I do not hold any position in the stock as on date but I may look to buy on dips with my own Risk Reward matrix
1. RSI on daily and monthly time above 60
2. Price crossed above 20 week SMA with volume
3. ABCD pattern under formation on weekly chart
can be a good risk reward with buy on dips and dips only with support near 3670 - 3600 zone
Lets See How it evolves
Disclaimer: NOT A BUY / SELL RECOMMENDATION I am not an expert I just share interesting charts here for educational purpose and not to be taken as buy/sell recommendation. Please seek expert opinion before investing and trading as trading/ investing in market is subject to market risks. I do not hold any position in the stock as on date but I may look to buy on dips with my own Risk Reward matrix
Trade closed: target reached:
TARGET ACHIEVED AS STOCK MADE HIGH OF 4162 IN SECOND WEEK OF MAY 2024