THANGAMAYIL JEWELLERY (NSE: THANGAMAYL) 📈 THANGAMAYIL JEWELLERY (NSE: THANGAMAYL) | Pole & Flag Breakout Setup | Swing Trade Idea
Thangamayil Jewellery is consolidating after a sharp impulsive rally, forming a classic Bullish Pole & Flag pattern. This type of continuation pattern often signals the possibility of another strong uptrend once the consolidation phase is complete.
The stock is currently trading near the upper boundary of the flag. A decisive breakout above ₹5,721 with strong volume could trigger the next momentum move.
Thangamayil
Thangamayil Jewellery Triangle Breakout in Daily TFThangamayil has confirmed a triangle breakout on the daily timeframe, indicating a shift from consolidation to expansion.
🔹 Breakout Level: 3,779
🔹 Upside Target / Next Supply Zone: 4,107
🔹 Key Support (Demand Zone): 3,140
The stock spent multiple sessions compressing within a Ascending triangle, forming higher lows — a classic sign of accumulation.
The breakout came with improved participation, suggesting buyers are gaining control.
As long as price sustains above the breakout zone, the struc
Thangamayil shining: The strong financials caused a price surge!Company Overview
Thangamayil Jewellery Limited (TMJL) is a rapidly growing company in India with a chain of retail jewellery stores in Tamil Nadu. They specialize in selling Gold, Silver, Diamonds, and Platinum, with gold being the main source of income. The majority of their ornaments are purchased from dealers in states like Andhra Pradesh, Gujarat, Kerala, and West Bengal for sale in their stores. Established in 1947, Thangamayil is headquartered in Madurai, India.
Market Capitalization
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Affordable Gold during Festive SeasonThangamayil 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 holding 66.7 %
Market Cap 1,810 Cr.
Stock P/E 27.8
Industry P/E
Short -Mid term on weekly time frameAs 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.







