TAJGVK
Taj GVK Hotels cmp 323.55 by Daily Chart view*Taj GVK Hotels cmp 323.55 by Daily Chart view*
- Support Zone 283 to 289 Price Band
- Stock Price is trending well above Rising Support Trendline
- Daily basis Support at 304 > 263 > 232 with Resistance at 357 > 389 > ATH 422.65
- *Symmetrical Triangle Breakout in a making with Huge Volumes surge by demand based buying*
TAJGVK, 1d formed bullish haramiNSE:TAJGVK TAJGVK Hotels & Resorts Limited (TAJGVK) is a joint venture, formed through a Strategic Alliance, between Hyderabad Based GVK Group and the Indian Hotels Company Limited (IHCL) in the year 1999. GVK Group is a Hyderabad based multi product and multi-location business conglomerate with several integrated companies in India and abroad. IHCL is a TATA enterprise with a chain of hotels owning the Taj Group of Hotels and manages and operates various hotels across the country and abroad.
Entry : 241.20
Target : 266.70 (1st TG is 255)
SL : 228
RR : 2
TAJGVK - Ichimoku Bullish Breakout Stock Name - Taj Gvk Hotels & Resorts Limited
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Turning Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at Current Market Price
and more bullishness AFTER crossing 242
#This is not Buy and Sell recommendation to any one. This is for education purpose and a helping hand to learn trading in Market.
# Cloud Trading
# Ichimoku Cloud
# Ichimoku Followers
I hope you all like my analysis.
Please do share your thoughts into comment section.
Please give a like, share & subscribe for daily analysis.
TAJGVK - Ichimoku Bullish Breakout Stock Name - Taj Gvk Hotels & Resorts Limited
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Turning Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at Current Market Price
and more bullishness AFTER crossing 226
#This is not Buy and Sell recommendation to any one. This is for education purpose and a helping hand to learn trading in Market.
# Cloud Trading
# Ichimoku Cloud
# Ichimoku Followers
I hope you all like my analysis.
Please do share your thoughts into comment section.
Please give a like, share & subscribe for daily analysis.
YR 2022 Idea #166: Long on TAJGVKThis is a public swing trade idea and is only for Learning and observational purpose. Please understand your risk and take full responsibility of your actions. I might trail my stoploss after I get an entry but even if my original Stoploss hits, i exit the trade with pre-planned loss (risk). At target, I book usually 75% positions and trail stoploss for rest. Our objective to help anyone who wants to learn technical analysis using charts by demonstrating my real trade entries. You can post your queries in comment section here and we will try to answer them asap.
TajGVK on verge of a breakout1. Buy or Sell at your own risk
2. Don't risk more than 1%-2% of your capital as stop loss
3. Position Size formula:- Stop Loss Amount/(Buy Price-Initial Stop Loss Price)
4. Sell on initial stop loss hit or daily RSI closing below 40
5. Some other ways to sell stocks can be
a. 25% or 50% up in three weeks or less
b. Weekly tailing tops with high volume
c. Exhaustion gaps
d. Heavy daily volume without further upside
e. Largest one day price drop
after quarter sales growth of 126%, quarter profit growth of 1022% and after a consolidation since August 2020, BSE:TAJGVK has given a close at a new 52 week high. If the share starts trading above Rs.162 buy with a stop just below Rs.150. Next significant resistance comes at 185-190 zone.