Possible 52 Week high breakout in Tube Investments?
As this stock was added to MSCi Index on 30th November, we observed an extremely high volume buying with a significantly smaller candle, which indicates an significant inflow of funds from Institutions and key players tracking the index.We can expect more buying happening in this stock in coming days if it closes above 2,900 in today's trading session (2/12/22).
Adding to this, currently price is trading near its 52 week high price of 2969.85, from where we can expect a small correction in lower time frames. Immediate major support is at 2,771.
Considering the volumes, current price looks attractive. One can maintain stop-loss at 2,470. All possible targets are marked on the chart.
This is just a view, not recommendation to trade. Do your own analysis before making any investment.
Do like and share this idea and share your opinion in the comment section.
TIINDIA
Adding to this, currently price is trading near its 52 week high price of 2969.85, from where we can expect a small correction in lower time frames. Immediate major support is at 2,771.
Considering the volumes, current price looks attractive. One can maintain stop-loss at 2,470. All possible targets are marked on the chart.
This is just a view, not recommendation to trade. Do your own analysis before making any investment.
Do like and share this idea and share your opinion in the comment section.
TIINDIA