Hi,
NSE:TBZ has given a Bullish Flag Breakout on Daily charts with very good volume.
MACD is also on the bullish side on daily and monthly time frames. RSI is also on the bullish side on daily and weekly time frames.
In the current market scenario I am expecting that the bullish momentum will continue.
Complete price projection like entry, stoploss and...
TBZ analysis on 12 Jan 24
Stoploss 110 ( on closing basis)
Add small quantity now
Stocks breakout above 125-130 (after 2017)
If stock comes down and bounce back from 125
Then it will be retest breakout stock add more @ 125-130
Target - 150 - 165 - 180 - 200
If sustain above 200 then 220 - 240 - 270
#TBZ trading above Resistance of 125
Next Resistance is at 155
Support is at 102
Here are previous charts:
Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only....
#TBZ trading above Resistance of 102
Next Resistance is at 125
Support is at 69
Here is previous chart:
Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is...
parallel channel break out is done however the rest of BO has not happened yet
look for the oppurtunity of retracement for best buy near BO 90
and it may try to test 190 level
NSE:TBZ viewpoint
the stock has given good breakout on weekly time frame around 88 levels
cmp is 88
potential to give big 70% gains in coming months
this analysis is for knowledge sharing and educational purpose .
this post is not a buy or sell recommendation.
After breaking out of down trendline with volume support it retested the levels and buying interest was seen at the retest levels. It can be considered as a low cheat entry.
Disclaimer: This is just an analysis. Trade on your own risk with proper position sizing.
TBZ – Weekly Scale - is breaking out from a 94-week base on 2 times average volume, as of now. It has been out performing the CNX 500 since mid-May; and its momentum indicator, RSI, also has been in the bullish zone, above 60. The breakout can potentially take the stock to levels of around 160.
Only personal observation; No recommendation.
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TBZ has tested it's 11 year old trendline today and closed right on it.
It has also formed a triple bottom from it's support zone.
We had good volumes today. Watchout for weekly closing tomorrow.
If closes above 90 one can take a long position. Positional targets would be 97, 104, 113 and 122.
Start trailing your swing position after the first target is hit....
