Stock Name - Tourism Finance Corporation Of India 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 113
#This is not Buy and Sell recommendation to any...
TFCILTD:- The stock has also given a breakout by forming a cup and handle pattern, the volumes are also seeing good, keep an eye
Hello traders,
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
will be posting more such ideas like this. Until that, like share and follow :)
check...
Stock Name - Tourism Finance Corporation Of India 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 77
#This is not Buy and Sell recommendation to any one....
From past one year stock has been trading in a channel. Finally it has broken from its previous resistance with significant volume.
At this price risk reward is not attractive. So, it is better to wait for retest near 71-68 levels.
Maintain strict stop loss at 58.
All possible targets are marked on the chart.
This is just a view, not recommendation to trade....
#TFCILTD
NSE: TFCILTD
Long Term Investment
CMP 75.55
Target : 108.85
SL : 67
Timeframe < 60 Days
Can hold for longer time
Factors:
Trend Following
Inverted Head & Shoulder Pattern.
Rising Volume with rising Prices.
Flag pattern breakout.
Pennant Pattern Breakout with Bullish Candle.
Retest Successful.
Higher Highs & Higher Lows.
Broken above RESISTANCE...
