TCI EXPRESS LTD

NSE

TCIEXP

TCI Exp has broken out recently with good volumes. The sales numbers are growing at 20% since the past three quarters with EPS growth of 20% yoy. Institutions have lapped up a sizeable amount of shares in this company. positive cash flow and an ROE of 28% are a good plus from the fundamental point of view.

TCIEXP Interesting chart, trading in tight range with good delivery %

Target 780 / 865 Duration 10 Weeks (30 accumulation candles / 3 ) 2 Strength candles BoxBO Volume Support CCI(D/W) >100

good entry level. good risk to reward. risk to reward = 1:6.

TCIEXP has formed ascending triangle pattern on daily chart. Volume is low as consolidation is nearing its completion which is typical sign of ascending triangle formation. It needs to breakout above 605-610 with volume on closing basis for fresh upward journey. Pattern failure below support trendline which will shift higher day by day.