Tilaknagarindustries
Tilaknagar Inds cmp 282.80 by Daily and Weekly Chart viewsTilaknagar Inds cmp 282.80 by Daily and Weekly Chart views
- Resistance Zone at 284 to ATH 291.40 Price Band
- Stock has formed Bullish Cup & Handle on both charts with neckline at Resistance Zone
- Price well above EMA 14, 21, 50, 200 indicative of good undercurrent for further uptrend
TILAKNAGAR INDUSTR (TI) breakout analysis BUY TILAKNAGAR INDUSTR (TI) has given a breakout of bullish flag and pole pattern to upside.
All important levels have been marked at the chart.
As stock has broke to upside you can generate a buy @LTP.
If we see the volume surge it was massive yesterday. if we enter stock at 230 we can achive the target with
Risk: Reward :: 1 : 3.
Reasons:
Bullish Flag and POLE breakout to upside.
Taking support at the VWAP, indicates good sign to enter.
RSI crossing 60 to upside shows good bullishness.
Successful breakout after 6 months.
High Volume is traded last day, which shows lots of interest in stock buying.
Price > EMAs, shows bulls are more powerful than bears we can make an entry.
Taking successful support at 200 EMA with good buying interest(volume spike).
Verdict:
Strong Bullish
Plan of action:
BUY: 230
Stoploss: 214
Target: 281
Trailing SL: 5
TI - Long Setup, Move is ON..NSE:TI
✅ #TI trading above Resistance of 271
✅ Next Resistance is at 330
Related charts:
Charts are self-explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
TI - Long Setup, Move is ON..NSE:TI
✅ #TI trading above Resistance of 214
✅ Next Resistance is at 271
Related charts:
Charts are self-explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
TI - Long Setup, Move is ON..NSE:TI
✅ #TI trading above Resistance of 158
✅ Next Resistance is at 214
Related charts:
Charts are self-explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
TI - Long Setup, Move is ON..NSE:TI
✅ #TI trading above Resistance of 125
✅ Next Resistance is at 158
✅ Near all-time high which shows strength in the stock
Related charts:
Charts are self-explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
TI - Long Setup, Move is ON..NSE:TI
#TI gave an entry at 86.95 as shown in chart below
Has moved from 86.95 to 101 level
It is now trading above Resistance of 101
Next Resistance is at 125
Here is previous chart:
Charts are self-explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade
Tilaknagar Industries - Cup & Handle Breakout - Weekly TimeframeThe analysis is done on weekly TF hence price may take few weeks to few months in order to reach the targets.
Trade setup is explained in image itself.
The above analysis is purely for educational purpose. Traders must do their own study & follow risk management before entering into any trade
Checkout my other ideas to understand how one can earn from stock markets with simple trade setups. Feel Free to comment below this or connect with me for any query or suggestion regarding this stock or Price Action Analysis.
TI - Ichimoku Bullish Breakout Stock Name - Tilaknagar Industries 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 87
#This is not Buy and Sell recommendation to any one. This is for education purpose and a helping hand to learn trading in Market.
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# Ichimoku Cloud
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