Target 1 achieved in TCPL Packaging. Gain of 18% Target 2 is ON.This is follow-up on TCPL Packaging. Can check link to related ideas.
Target 1 achieved. Gain of more than 18%. Target 2 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.
TCPLPACK trade ideas
A Darvas Box formation on a smallcap packaging companyTCPL manufactures folding cartons, printed blanks and outers, litho-lamination, plastic cartons, blister packs, and shelf-ready packaging. TCPL has also ventured into the flexible packaging industry, with the capability to produce printed cork-tipping paper, laminates, sleeves, and wrap-around labels
The price burst makes a difficult risk to reward, The trade is only for those players who are okay with MTM swings
TCPLPACK ....Multibagger>>>>????!!!NSE:TCPLPACK
100+ customers ranging across large domestic & global corporates .
Delivers innovative & sustainable packaging solutions to customers across various industry verticals such as FMCG, Food & Beverages,Pharmaceuticals, Liquor & Tobacco.
Till 2017, the Company had reported a robust 10-year CAGR of 19.8%.
Expected Return :
Bull Case: We have assumed 20% CAGR in revenue with margins stable at the historical
average of 14.9%. (upside of 100-200% from CMP)
Bear Case: We have assumed 10% CAGR in revenue and margins falling to 12%.
(downside of 50% from CMP)
TCPL Packaging - CMP: 491The stock is bullish bios. Price movement has taken resistance at the upper trend line. Closing above 492 will confirm Flag Pattern breakout on the daily chart. ADX is indicating strength in up movement. On confirmation of breakout, we can expect price movement up to 555 to 600 in the near term.
TCPL PACKAGING gave a BreakOut, can easily expect 18-20% moveThis script gave a wonderful channel pattern BreakOut with a good volume ,
One can enter with a minimum SL of 2% and can expext atleast 18-20% move upside.
Wait for the price for the retest which is mentioned in the chart.
Best of Luck.
Note to self : My Risk is always defined before I enter a trade.
This will help a lot for a long time.
Happy Trading.
TCPLPACKNote:
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...
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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...
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Keep an eye ladies and gentlemen. Cheers and Happy Trading
Range breakout expectedStock consolidating since 9 months.
longer is the consolidation more powerful is the breakout.
since stock is up today 10% buy only partial qty
wait for dip till 400 or
wait for range break and enter on testing.
All other observations on chart.
Many times I have covered range & consolidation breakouts.
Advantages
1. Stop losses are low.
2. Kicking out by hitting SL is occurs rarely.
3. Breakouts are of high intensity, Quick gains.
4. If you have entered in the lower end of the range &
breakout fails, you still get good exit.
5. Profit probability is higher.
Check similar ideas below