TFCILTD trade ideas
TOURISM FIN CORP Weekly TL breakoutNSE:TFCILTD Levels are Mentioned in the chart... Good for swing trade...
Note:
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#TFCILTD CMP75.55 #Target 108.85 #ITDC #IRCTC #SBICARD #PFC #REC#TFCILTD
NSE: TFCILTD
Long Term Investment
CMP 75.55
Target : 108.85
SL : 67
Timeframe < 60 Days
Can hold for longer time
Factors:
Trend Following
Inverted Head & Shoulder Pattern.
Rising Volume with rising Prices.
Flag pattern breakout.
Pennant Pattern Breakout with Bullish Candle.
Retest Successful.
Higher Highs & Higher Lows.
Broken above RESISTANCE levels
Trading at SUPPORT levels
Earnings are strong.
Bullish Wedge Breakout
Risk Return Ratio is healthy.
And
Rising from Double Bottom Pattern to Flag Pattern forming.
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With 💚 from Rachit Sethia
#TFCIL#WeeklyBreakout#GAANTourism Finance Corporation of India Ltd. at current price level is good to entry for potential up move. fundamental and technically stock is trading at good level, also many time this stock have respected GAAN square nine level. Still 35% away from 52 week high level.
TFCILTD !!! Stock to watch out forFundamental pick:
TFCILTD (Tourism Finance Corporation of India Ltd)
CMP - 48.8
💚Company is engaged in the business of providing financial assistance to tourism related activities & it's projects such as hotels, restaurants, holiday resorts, amusement parks, multiplexes, entertainment centres, education & sports etc.
💚 Also, company offers research & consultancy services to state and centres for promoting tourism activities and implementation.
Reasons to consider for buying:
👉 Increasing revenue & net profits seen in past quarters
👉 Improvement in cash flow from operating activities - means company is able to generate cash from its business after spending expense/payments of its interest & other dues💚💚💚
👉 ROCE is very good - means company is efficiently using its shareholders capital and earning out of it. ROCE is 13.6% and is continuously increasing over thr years
👉 Company with zero debt and recently released all pledge. 💚💚
👉 MF & FII have increased their shareholding in the last quarter - 💚💚💚
👉Promoter shareholding has been increased in the last sep quarter 💚💚
👉 Company's book value has been continuously increasing over the past years. It's book value is 93 per share and considering its value & PE value, CMP is available at attractive valuations.
👉 One of the reason, stock has not performed is due to the complete lock down in the last year and zero revenue in tourism sector. However, we expect recovery in this sector in the coming months. Also, in budget we can expect some incentives/budget will be allocated to promote tourism activities which will greatly benefit the company 💚💚💚
👉 Company's financials are sound and it has monopoly advantage as no other finance company is specifically into this sector though other finance companies are financing for the above activities💚💚💚
On Technical front, stock is looking good on weekly charts & ready for upside 🚀🚀🚀🚀
Considering above, We expect short-medium target of 70+ & long term target of 100+
TFCI (Tourism Finance Corporation of India Ltd) : IS it BREAKOUTTFCI (Tourism Finance corporation of India Ltd., is showing signs of BREAKOUT from it box zone.
It it stays above 40 on daily closing basis fr few days, it has every ability to touch 50 - 55 very fast.
Disc : I don't hold this stock, but started watching....
This is not recommendation, but for educational purpose only.
TFCILTD - Tourism FinanaceDelivery % Increasing - MODI commented on tourism industry so it may go up for short term
Tourism Finance Corporation of India Ltd! Pennant Chart PatternKeep an Eye On :TFCILTD
Technical : ( Daily Chart ) Pennant Chart Pattern Breakout Confirmed! @ 173
Technical Target : 310
TFC - Ascending channel As per weekly charts, Scrip is gearing up in ascending channel with higher highs and higher lows, forming strength candles wherein,
BH>50% CH% Candle. Thanks to Deishma for providing theory insights
deishman.wordpress.com
BH -% is Body Height of the Candle and is the Absolute Difference between Close and Open of the Candle.
CH -% is Candle Height of the Candle and is the Absolute Difference between High and Low of the Candle.
Bullish momentum sign
1) SMA - Ongoing momentum is seeing surge
2) CCI ( Commodity channel index ) - Above 100
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Aiming towards TP and beyond thereon after entry confirmation around 156
Call- 1- 1.5 months (As per previous momentum wherein scrip managed to rise by 72% in one month)
SL as per risk appetite
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#TFCILTDC> 163.85
H> 168.75
With strength needed
CCI(W/M) >100
TGC true
Retracement from 61.8% fibo (148)
Binet's Formation
TFCI: Maybe a great place to add till 140... Below that..TFCI: Maybe a great place to add till 140... Below that..DANGER ZONE!
