NSE:TINPLATE
Tinplate has completed the rounding bottom pattern in almost 4 years and now strong pattern on daily time frame. Go for Long from here.
Current Price: 400 rs
Good Entry Point: 350 - 400 rs
Target: 700 rs - 850 rs
Stop Loss: 300 rs
Probability: Positive for Long position
Risk Reward Ratio: 1:3
Please share with your family and friend if you...
Buy Tinplate for Positional Trading as well as Investment💸🔥💸
Comment your views!!!🧐🤔🧐
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💡Favourable long-term demand outlook :
About 70% of the domestic tinplate is consumed for packaging edible oil and processed food items. Hence its growth is linked to India’s food-processing industry, which has witnessed a steady increase in demand over the years.
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✔️Both...
As per the weekly chart, tinplate is given the multi-year break-out with cup and handle pattern. Volumes are supporting the break-out. Good result of Q3 is also supporting the break-out.
Buy Tinplate for Positional Trading as well as Investment💸🔥💸
Comment your views!!!🧐🤔🧐
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✅Both TECHNICALLY and FUNDAMENTALLY strong stock.💪💪
The company posted the best Q3 result in its history.
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❇️The stock has given Multi-Year Volume Breakout with Cup & Handle pattern formation. Also, the Q3 result is the best result in the company's history. With the recent...
Tinplate
It is a producer of tin coated and tin free sheets.
Cup and Handle pattern in formation.
Excellent Quarterly Results.
On the verge of ATH Breakout.
Target : 385,590
SL : 260 WCB
Only for educational purpose. Not a recommendation.
The stock has given a breakout from the channel area. If sustained above it may go to 320 levels soon.
Your stop loss should always be according to your risk management. Nothing else.
Only for learning and sharing purposes, not a bit of trading recommendation.
All the best for your trading journey.
please comment with your views.
Technically:
1) Entered into Stage II - Uptrend after Weekly resistance breakout with huge Volume.
2) Good Price Volume Action can be seen.
Fundamentally:
1) Posting remarkable Quarterly results.
2) Almost Debt free.
3) Increasing EPS.
4) A subsidiary of Tata Steel Ltd.
A Potential Multibagger!!
The stock is looking good to buy in the 230-220 zone for 8-15% profit.
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
Tinplate forming an Inverse head and shoulders on weekly and daily both. Short term target is 220 and the long term is 280. Both are achievable within 4-6 months just one issue is the market. For the short term, the SL is 180 DCB and for the long term is 150 WCB.
TINPLATE (Weekly):- BUY ON DIP (197 TO 170) for Target 260 with Stop Loss 145 DCB
1) Multiyear HR Breakout + Retesting Done,
2) Huge Volume Build (Since june 2020 to 28/4/21)
![TINPLATE: [SHORT TERM] BUY TINPLATE](https://s3.tradingview.com/f/fbvjAmZT_mid.png "[SHORT TERM] BUY TINPLATE")
