TCI Swing Trade ( 20% upside)Transport Corporation of India (TCI) has started new up-trend on Weekly and Daily time-frame from strong Institutional buying levels.
It is good time to build positions in this stock. Don't go for hard stop loss. Manage position as it can take 1-2 months for the targets to reach and will shake out week buyers in between.
If nifty holds above 23900, TCI has 20% upside potential with 1:7 Risk Reward.
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Transportcorporationofindia
TRANSPORT CORPORATION INDIA MAKING MAKING C&H PATTERN - BULLISHNSE:TCI is making CUP & HANDLE pattern and now about to give a brekout from 800 , RSI also at very good level. A swing as well as Intraday opportunity can be found on breach of 800- 804 you can trade for Intraday with RR = 1:2 with SL at low of previous day's candle. Or you can add this scrip for Swing trade with a retest from support after breakout.