TILAKNAGAR INDUSTRIES (TI)Tilaknagar industries is an alcohol/beverage based company. The stock is in a strong uptrend and as festivals are approaching, it can lead up to 260-300 levels by this end of the year. PATTERN: Pole and Flag.
TI
#WHIRLPOOL CMP2351 #TARGET 2663 #FMCG #ITC #DABUR #HINDUNILVR DAILY CHART ANALYSIS
#WHIRLPOOL
NSE: WHIRLPOOL
Short Term Quick Profit
CMP 2351.20
Target 2663.70
SL : 2190
Timeframe < 60 Days
Can hold for longer time
Factors:
BULLISH WEDGE BREAKOUT
Trend Following
Rising Volume with rising Prices.
Flag pattern breakout.
Pennant Pattern Breakout with Bullish Candle.
Retest Successful.
Higher Highs & Higher Lows.
Broken above RESISTANCE levels
Trading at SUPPORT levels
Earnings are strong.
Bullish Wedge Breakout
Risk Return Ratio is healthy.
And
Rising from Double Bottom Pattern to Flag Pattern forming.
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With 💚 from Rachit Sethia
TI ==> Indicator in SBIN NSE In the above picture, you can see the area of the overbought area. but the Aroon didn't indicate that not a problem because TI and RSI indicate the overbought this is my idea: I use a different template in that TI indicates scalping and intraday trades. but it has a problem it can show the overbought. but it will not easy to understand so you can use ADX also here. but I use RSI for clear information many people use MACD but TI is better than MACD because it can also show convergence and divergence of stocks. TI is my own script but it covers more INDICATION.
this is my template: volume, Aroon, RSI and TI
I use aroon for a very little support only.
I recommend you a statergy of paper trade with a overbought indicator(I recommend RSI), Moving Average related indicator(eg:MACD,DMI)(I recommend TI my own script) and your favourite Indicator that is your choice because it is useful for your trading it can be a dummy indicator also but your favourite Indicator. comment for doubts..
