TALBROS have taken a sharp jump in recent 3months, precisely from December 2021 where it gave a breakout after 4 years at the levels of 355-360. Thereafter it had touched 658 recently and now retracing back to it's breakout levels when it touched 413 in last week. At cmp 460, one could keep it in watchlist and any further retracement towards 365-390 zone, one can...
Date: 17 Jan 2020
Talbros Auto shows another flag pattern with potential upside target of 31%.
Target and SL is given in the chart.
Note: This view is only for educational purpose. Please trade at your own risk and consult your financial advisor before buying or selling the stock.
A big breakout in Talbros Auto post the news of Dolly Khanna and Vijay Kedia buying into the script. Keep Stop loss at 420 and let's see the targets and where it ultimately consolidates. Can be a good medium term trade.
Weekly close abv 360 to trigger a much bigger rally for time frame 1-3 months. Min tgt size of handle 360+(360-240)=480. MAx tgt size of cup 360+(360-60)=660(time frame can be 2-4 mth). Keep a Stop below 300 DCB.
Entry only on WCB abv 360 as markets are too volatile.
Tranch 1 buying >360 WCB
Tranch 2 buying on DCB>480
As on daily charts ADX is missing, so buy...