Tips Inds cmp 701.35 by Daily Chart view*Tips Inds cmp 701.35 by Daily Chart view*
- 662 to 670 Support Zone Price Band
- Volumes are gathering incremental momentum
- *Price rising over Rising Support Trendline with attempt to breach Falling Resistance Trendline*
- Daily basis : Support at 683 > 660 > 635 with Resistance at 726 > 751 >>> ATH 784 price levels
Tipsindustires
TIPSINDLTD - Weekly Chart Analysis, CMP-391.75After breaking out of the supply zone (218-262) it went and formed a 1st base of 9 weeks and 25% range and then going further up and formed another base of 11 weeks and 20% range. Volumes are increasing too showing strength.
Now 337-344 shall act as an initial support and though it has not retested the resistance 218-262 which shall now act as main support if it dives south. Below this if it closes then our view stand invalid.
452 - 541 - 799 are the levels it shall test over the long term.
Disclaimer: This is just a study and shared here for educational purpose. It is not a buy/sell recommendation in any way. If you intend to trade this counter then do your own due diligence and trade at your own risk.
TIPS INDUSTRIES - LONG BREAKOUTBUY-TIPS INDUSTRIES
CMP - Rs. 206
Target - 1: Rs. 265
Target - 2: Rs. 345
Target - 3: Rs. 410
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Technicals - Bullish Symmetrical Triangle BO
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This is just a view by an expert analyst, please invest at your own risk.
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TIPS INDUSTRIES | Cup & Handle PatternNSE:TIPSINDLTD
Swing / Positional Trade
(Passed All My Technical Analysis / Fundamental Analysis Check's)
Entry / Exit - This Time What Suits You According to the setup. :: (Risk Must Be Managed.)
Keep Your Eyes On Index Or Any Bad News That Affect The Trade Or Market.
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Warning - This Stock is in T2T Surveillance Category, You Will Only Able to sell it after 3 Trading Days. Enter At Your OWN Risk
