Thangamayil Jewellery Ltd Gold Chart is looking weak as attached below and I'm assuming that Gold would get even cheaper in days to come. Hence, I believe with this festive season being majorly Covid free, people may want to celebrate extravagantly after the low key past couple of years. The only drawback here is that Pledged percentage is 14.8 % Promoter...
As Stock given negative breakout after consolidation we can expect a pullback in this stock while considering 200-DMA ,Fibo levels and previous data stock is expected to take support in range 1030-1055 with Stop loss 1020 or 1000(psychological levels) for target of 1130 / 1160 / 1200.
Range Breakout Buy Thangamayil Jewellers Closing Price - 806.7 Buying Zone - 700-725 Strict SL - 565 (WCB) Target - 1180