TCIEXP trade ideas
TCI ExpressThe stock seems to have completed its 4th wave correction and now getting ready for 5th Wave. Fibo relations among the labelling are in line with the guidelines. Expecting 1100 minimum with SL of 811.
TCIEXP - Trendline breakPrice breaks the trend line already and rejected from the resistance and price is now getting ready to break once again and indented to move up this time.
TCIEXP, HIGH RISK HIGH REWARD, CAN BE BUMPER TRADE IF TRIGGERED All levels mentioned on chart. This is CASH stock so little risky but if manages to cross 952 with volume will surely blast.
Watch my other charts to understand simple price action used for all of the analysis. Keep your charts simple and free from lagging indicators. If you check all previous charts, you will understand how beautiful price action trading is and how one can become independent trader by following some simple rules.
Reach out if you wish to learn powerful technical analysis based on simple price action.
Thanks
Piyush Gupta
Learn & Earn
#TCIEXP MONTHLY CHART VIEW#TCIEXP MONTHLY CHART VIEW
TCI Express Ltd. bounced from the weekly support zone and 38.2% Fib retracement.
Likely to bounce future up in the near term until the stock holds 740-760 zone.
Technical parameters looks neutral as of now.
Keep a watch.
TCIEXPDISCLAIMER : . I am not a SEBI Registered analyst.
All chart analysis I publish are educational and information purposes only
TCI Express Ltd. - DAILY CHART VIEW!!#TCIEXP
TCI Express Ltd.
Stock price crossed its initial resistance of 770 levels and is now trading at 810 levels.
Volumes are good and stock has good delivery and traded quantity.
It faces resistance at 825-830 levels and need to give a closing above this on daily charts for good upmove towards 920 levels.
View negated if it closes below 795.
TCI Express Ltd. - WEEKLY CHART!!TCI Express Ltd. trading right below the resistance zone and likely to stay weak until it stays below 715-725 zone.
The stock is presently trading above 50 & 100 SMA and RSI has moved above 50 level.
Likely to see strength above the resistance zone.
Keep a watch.
FOR COMPLETE STOCK ANALYSIS, INTRADAY LEVELS AND FOLLOW-UP. CONTACT ME!!
TCI Express // Potential Triangular B/O Call for Monday July 25th 2020
NSE: TCI EXPRESS
CMP / LTP: 687.6
TARGET: 825+ (20%+)
STOP LOSS: 625 (10 % Max)
Notes:
- This is a swing trade call and not an intra-day trade
- For the best RR, this scrip can be bought within max +/- 2% range of suggested price not more than.
- Please follow the Stop Loss strictly. If you are manually monitoring SL follow them on daily closing basis.
- Recommended Profit Booking / Exit is on +15% on CMP & If you still want to hold the stock, trail the SL once this target is achieved.
- Duration: 15-20 Trading Days is suggested for all my trades, but if SL / Target are not triggered and you still wish to hold the trade, this can be
done as long as SL is followed or trailed.
- All my reco trades are with Minimum Risk to Reward (RR) 1: 1.5
Disclosure: I may or may not have a position in this trade. All the recommendations are subject to market conditions. Please trade at your own risks.
Entry 750TCI 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.
#TCITarget 780 / 865
Duration 10 Weeks (30 accumulation candles / 3 )
2 Strength candles
BoxBO
Volume Support
CCI(D/W) >100
#TCIEXP - Ascending Triangle Pattern formationTCIEXP 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.
