Tciexpress
TCI Express looking good for solid upmoveTCI Express looking set for solid up move, one can wait for better confirmation once the stock moves above 1440/-
The falling wedge with multiple touches on both the sides of the trendline making it ready for a violent move and most probably on the upside.
Aggressive trader can add at current market price as well with 100 points of SL.
Strong fundamental Stock at Support LevelTCI Express Technical Analysis:
1. Moving Average Analysis:
200 Days Moving Average (DMA): The fact that the stock has taken support at the 200 DMA suggests a potential bullish signal. If the current market price (CMP) is above the 200 DMA, it could indicate a positive trend.
2. Current Market Price (CMP):
The CMP of TCI Express is at 1414. If the stock is trading above its support levels and moving averages, it may indicate bullish momentum.
3. Price Targets:
The provided price targets of 1666 and 1948 can be considered as potential resistance levels. Investors should watch how the stock performs around these levels. A break above these targets could signify further upward movement.
4. Revenue Outlook:
The mention of outstanding revenue doesn't provide specific details. However, it's crucial to analyze the company's financial health, revenue growth trends, and any recent financial reports to understand the fundamental strength of the stock.
5. Risk Factors:
Identify potential risks that could affect the stock negatively, such as industry trends, economic conditions, or specific company-related risks. Always consider a risk management strategy.
6. Market Sentiment:
Analyze market sentiment through social media, news articles, and other sources to gauge the broader investor perception of TCI Express.
📈 Exciting Bullish Pattern Alert! 🐂📊 Pattern: Descending Triangle
📌 Symbol/Asset: Tci Express Ltd
🔍 Description: Stock is available at the long term as well as at the pattern's support.
👉 Remember: Technical patterns are just one piece of the puzzle. Consider conducting further research, consulting with a financial advisor, and managing your risks appropriately.