Titagarhwagons
TITAGARH - Swing Trade Analysis - 18th April #stocksTITAGARH (1W TF) - Swing Trade Analysis given on 18th April, 2024
Pattern: FALLING WEDGE BREAKOUT
- Trendline Resistance Breakout - Done ✓
- Volume buildup at Resistance - Done ✓
- Demand Zone Retest & Consolidation - In Progress
#titagarh #indianrailways
TWL - Ichimoku Bullish Breakout Stock Name - Titagarh Wagons 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 247
#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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Prob Cup & Handle pattern,TWL Stock is waiting for breakout WK?There is a high probable Cup and Handle pattern forming in Weekly Chart.
123.90 was the 23 Apr 2018 High, from that level Stock started falling. After 4 year, in Jan 2022 it again came to that level & got rejected. Now again stock came to that level which gives an idea that bulls are interested & bounce back very quickly, even made new high of 127.65 but couldn't sustained.
That's why breakout was not confirmed, when ever it break that level with good candle and volume we can take long position by keeping proper stop loss and risk reward.
We can see major trend line which further confirms bulls are in control in the recent weekly, So watch out for that trend line also, if it break that support, then we may see down trend or consolidation phase.
If any one taking long position 89 will the strict SL. Fundamentally stock is not that much strong, so deploy capital based on risk apatite.
Targets are given the charts, Technically stock has a potential to reach 220 plus. Before that it has to cross mentioned target first.
This is just a view not a recommendation to trade. Do your own analysis before taking any trade.
NSE:TWL
Target 2 (66%) achieved in Titagarh Wagons. Target 3 is ON...This is follow-up on Titagarh Wagons. Can check link to related ideas.
Target 2 achieved. More than 66%. Target 3 is ON.
Chart is self explanatory. Entry, Targets and Trailing Stop Loss are mentioned on the chart.
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.