TINPLATE
TINPLATE : good consolidation weekly boNote:
1. Views are personal and for educational purposes only. Recheck and take the trade as per your RR.
2. Always remember SL is your lifeline, not the big target...
3.Follow us for more patterns and like, share so that we feel it is helpful to many and share more patterns...
3. Views given here is not a tip rather it is for educational purpose... Aftermarket opens, the condition might change so learn to handle different conditions...
4. To learn more about patterns, Psychology behind the trade, and price action trading... contact us... Thanks...
Keep an eye ladies and gentlemen. Cheers and Happy Trading
Tinplate at FingertipS💰💰✔✔ Buy @ 160-69 range
trgt 192💚210💚257
sl below 145🤨🙏
Reasons for this buy
🧩🧩technically promising chart.
🧩🧩good q3 & q4 published.(Tinplate Company of India standalone net profit rises 107.08% in the March 2021 quarter)
🧩🧩Y-O-Y profit increaing gradually even the previous pandemic.
🧩🧩low debt company,therefore they offer good dividend returns
🧩🧩Current price is less than the intrinsic value
📍📍almost good but one factor disappointed me .In last 2 years, promoter holding in the company has almost stayed constant.📍📍
day frame chart👇👇
✔ about the company
💢The Tinplate Company of India Limited is a producer of tin coated and tin free sheets. The Company manufactures various grades of electrolytic tinplates, tin-free steel sheets and full hard cold rolled sheets (FHCR) used for metal packaging💢
like 🎈 comment🎈 support🎈
TINPLATENote:
1. Views are personal and for educational purposes only. Recheck and take the trade as per your RR.
2. Always remember SL is your lifeline, not the big target...
3.Follow us for more patterns and like, share so that we feel it is helpful to many and share more patterns...
3. Views given here is not a tip rather it is for educational purpose... Aftermarket opens, the condition might change so learn to handle different conditions...
4. To learn more about patterns, Psychology behind the trade, and price action trading... contact us... Thanks...
Keep an eye ladies and gentlemen. Cheers and Happy Trading
tinplate level for study purposeinverted head & shoulder break out & retesting seems to be done. 260 is next.
Tinplate - Finally given multi-attempt resistance Break Out :)#Tinplate given Breakout from its 2year long trendline and also from the resistance with good volume.
Target levels can be 172 and 186.
Tin plate looks bullishTin plate has formed inverse head and shoulder pattern and broken it with a huge volume.
#positional
Buy Tin Plate at 167
Tgt: 185, 231, 264+
Sl: 135
Timeframe: 3-4 months
Chart Of the Week (04 Jan 2021)*Stock has given a bullish Inverted H & S Pattern breakout on weekly chart & closing above neckline .
*02 years long term trend line breakout already happened.
*If we look at the volume part, significant volume activity is witnessed at the time of breakout.
*Price has also trading all the important moving averages.
*Considering all technical evidences we may see good up move in Tin Plate Co of India.
CMP-167.00 RECO-Buy Entry Range-Rs.155-170 Target-225/325.00 Stop Loss- 145 closing basis
Duration- 06 to 09 Months.
Thanks for reading and kindly let us know if you have any questions.
Positional buy: Inverted H&S in progressBuy above 143
Sl day closing below 132
Target 160-165
more fireworks if moves above 168
TINPLATE -RETENTION OF A LONG TERM TRENDLINE....RETENTION OF A LONG TERM TRENDLINE SUGGESTS BEGINNING OF A NEW UPCYCLE ??
Tinplate Trading Opportunity Short Term ViewBuy Tinplate if the price breaks the downward trendline and then retest the upward trendline.
Three Targets has been given with Stop Loss at 111.90