Tilaknagarindustriestrendanalysis
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
TI - Ichimoku Breakout📈 Stock Name - Tilaknagar Industries Limited
🌐 Ichimoku Cloud Setup:
1️⃣ Today's close is above the Conversion Line.
2️⃣ Future Kumo is Turning Bullish.
3️⃣ Chikou span is slanting upwards.
All these parameters are shouting BULLISH at the Current Market Price and even more bullishness anticipated AFTER crossing 269.
🚨Disclaimer: This is not a Buy or Sell recommendation. It's for educational purposes and a guiding light to learn trading in the market.
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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