WE CAN JUST PREDICT.
Disclaimer: I am not a SEBI registered advisor , so before entering on my view plz ask your SEBI Registered Advisor . Profit is your and loss is your.
This is a daily chart of TBZ and I see a head and shoulder pattern formation with some volume. What are your thoughts on this stock? Should we add this at this level?
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Positional Trade: #TBZ
Stop Loss: 79
Symmetric triangle breakout and price at a crucial resistance level
Buy if price goes above 69 or tommorows open is above 69 with 83.40 and 90 as target
Buy for the Tgt of 85 with stoploss of 60
If this stocks manages to sustain above 86-90 .. 120 should be up pretty fast. Above those levels 180 and 220 next up.
Also note - this is Monthly TF, so take your decisions accordingly.