Entry : 249-250
SL : 240.5 (closing basis)
Stage 2 stock
Formed 9 week base
Breakout form base with good volumes
Retest with lower volumes
Completing round bottom on monthly chart
Massive Volume breakout
In Stage 2 as per stage analysis
Retest done candidate
Inside Bar on weekly chart
low volume retest
Good fundamentals growth
Entry on CMP
with SL of 95
#TechnicalAnalysis Study of #NavkarCorp
Recent Breakout with Strong Volumes
Price > 30 WEMA
Entered Stage 2
Relatively Stronger than #Nifty
0.5 & 0.618 #Fibonacci Levels of Corrective Leg ~ 118 & 142.
Looks good for medium term
TCS confirmed breakout on weekly closing basis.
- Breakout after good consolidation zone.
- Stock in Stage 2 continuation uptrend.
- Giving a good opportunity to add.
Only for educational purpose. Not a recommendation.