- Filtered from Strategy#2
- Reversal possible now
- Follow Strict SL on Closing basis.
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The stock is in trend and looking for a breakout on daily to weekly to monthly. On RS Nifty if we see on weekly chart the earlier support is now current resistance. Once broken above Rs. 323 the high of Jan 2019, it will be heading for the all time high of Rs. 368. Moving above all the DEMA may it be 21, 55, 100, 200.
TCI (Transport Corporation of India Limited) have Financial Results, Dividend & Fund Raising on 25th May 2021. The important point is all events in one day. Technically, the chart is bullish and under good recovery.
Buy at 283.15 (CMP) FOR TARGETS: 320/350/372 with a STOPLOSS at 230. 15 days to 60 days view. There is a good chance technically that the earlier...
it has witnessed good spike in weekly volume, and it has been consolidating for so many weeks between 240-260, breakout above 260 will open up rally. looking for 320 target.
on Daily Time frame, RSI is at 62.
260 - 320 is longterm weekly consolidation range.
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...
buy above 270 keep Sl below 265
for swing keep Sl around 255
NOTE: For Gapup or breakout before 9:20
If gapup is more than 1% from bo level than avoid completely.
if less than 1% or gives bo before 9:20 than wait for
first 5 minute candle and entry above 5 minute candle (whenever through out the day)
and revised SL below candle Low.