Beautiful BreakoutThe 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.
Trade ideas
TCI LONG VIEWTCI (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 high swing will be breached. With an investment of 4-5% of fund, this trade can show good result.
Data wise, delivery quantity going on increasing near resistance, which indicates a possible breakout.
Transport Corporation Of India short term analysis🌿SHORT + LONG TERM🌿
buy & hold🤝
buy between 235-40 range🔰
Strict sl 230 (just 10 points)🧨
trgt range 290-300🕺
315-330🕺
long 350++🔥
why I shared it for short term ? 🎁
Postive q3 published.🍁
looks like an accumulation.🍁
postive indication from delivery volume.🍁
something cooking in the chart.🍁
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watch for resistance breakoutbuy 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.
TCI - 1D TF - Trendline ObservationsTrendline Observations(s). Double Top forming on Daily Chart of TCI. Cup & Handle at 267, but, the handle is too small. Let's see what type of movement it gives in coming days & week(s). I'm learning chart patterns as of now. You can plan your trades accordingly if you know how to trade these patterns.