TCPL Packaging, a Southern India based company, reasonable fundamentals, technicsls too supporting. Breaking out of consolidation, with green volume bars more in height than red volume bars. Good Risk Reward Ratio too. Disc- NO HOLDING. ONLY FOR STUDY PURPOSES.
TCPL 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...
Breakout with huge volume .expect good move coming days.for more updates follow me
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...
Environmental concerns around the world & tight regulatory prohibitions on toxic packaging materials increased the exposure of sustainable packaging alternatives. TCPL is well placed as it derives 85% of its revenues from paper and paperboard packaging
( Analysis for Educational Purpose Only) TCPL Rising TL BO
The stock looks good above 584 level for further upmove - 600 will be a resistance zone.
ON CHARTS only for educational purpose not sugesstion
A chart pattern creating a bullish friendline. This time the stock is On the support line. Now best opportunity to buy for the target of 505 with stoploss 455.
The 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.
This 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.
Note: 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... 3.Follow us for more patterns and like, share so that we feel it is helpful to many and share more patterns... 3. Views given here is not a tip rather it is for educational purpose... Aftermarket...
Looks good for buying for short term CMP 467.45
Stock 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...
long term looks promising with increased in package foods ....TCPL key vendor for ITC and other FMCG companies. kanoria family is having good and clean history of business.. Vijay kedia invested in this.