TCIEXP trade ideas
Positional or Longterm Opportunity in TCI ExpressGo Long above 1694.1 for Targets of 1897.45, 2100.8, and 2304.15 with SL 1490.75
Reasons to go Long :
1. On a Weekly timeframe if we draw the Fibonacci retracement tool from the recent swing low (point A) to the recent swing high (point B) then we see stock took support from the 0.5 Fibonacci level.
2. In addition to this a bullish candlestick pattern Bullish Engulfing (marked with orange color) is formed around the 0.5 Fibonacci level.
3. Also there is a strong Trendline (marked with green color), from which the stock is taking support and moving up.
TCIEXP long tradePrice is taking support on rising 50 SMA and on higher timeframe stock is strongly bullish. Here I am publishing swing trade levels for this stock as follows.
Buy at current price, SL at 2113 target at 2392. Strictly follow the level never if entered either exit at SL or Profit only. wait till you hit SL or profit, no early exit.
TCIEXP BUYThis stock has been holding for the last 5 days and now broke out Darvas box with good volume after a post result
expecting good returns from this stock in the coming days/weeks
On the fundamental side, it has given good results on a YoY basis
Quarterly EBITA Growth 39% up
Quarterly PAT Growth YoY 45% up
Bumper move captured in Intraday trade, now looks good for SwingRounding Bottom Breakout
TCI Express
- See 30% growth in FY22 with margins above 18%
- FY23 Revenue growth seems at 20-25% with margins above 20%
- Target 25% Share of sale from new businesses vs 15% now
- Expect RoCE to return to 40-45% in 2-3 years
TCI EXPRESS : BREAKOUT WITH GOOD VOLUMEGood buy in TCI EXPRESS - Giving Nice breakout with good volume
TGT - 2000 & 2100
𝑫𝒊𝒔𝒄𝒍𝒂𝒊𝒎𝒆𝒓:
The analysis is only for illustration purposes only. Please consult your financial advisor, agent, broker before acting on any information. We may or may not have positions in the stock and our actions may be contrary to the one mentioned here. This analysis may or may not be updated. We would not be responsible for the profit/loss resulting from this analysis
FLAG BREAKOUT - NSE:TCIEXPScrip : NSE:TCIEXP
Trade: LONG (BUY/ADD)
Target: 1770
Reason for trade: Very strong bullish trend supported by high volumes. Now forming a Flag Pattern breakout.
Disclaimer: Please consult your financial advisor before taking any trade decision. After all, this is just an idea!