NSE:TCPLPACK
100+ customers ranging across large domestic & global corporates .
Delivers innovative & sustainable packaging solutions to customers across various industry verticals such as FMCG, Food & Beverages,Pharmaceuticals, Liquor & Tobacco.
Till 2017, the Company had reported a robust 10-year CAGR of 19.8%.
Expected Return :
Bull Case: We have assumed...
Environmental concerns around the world & tight regulatory prohibitions on toxic packaging materials increased the exposure of sustainable packaging alternatives. TCPL is well placed as it derives
85% of its revenues from paper and paperboard packaging
A chart pattern creating a bullish friendline.
This time the stock is On the support line.
Now best opportunity to buy for the target of 505 with stoploss 455.
TCPL Packaging, a Southern India based company, reasonable fundamentals, technicsls too supporting.
Breaking out of consolidation, with green volume bars more in height than red volume bars.
Good Risk Reward Ratio too.
Disc- NO HOLDING. ONLY FOR STUDY PURPOSES.
The stock is bullish bios. Price movement has taken resistance at the upper trend line. Closing above 492 will confirm Flag Pattern breakout on the daily chart. ADX is indicating strength in up movement. On confirmation of breakout, we can expect price movement up to 555 to 600 in the near term.
This script gave a wonderful channel pattern BreakOut with a good volume ,
One can enter with a minimum SL of 2% and can expext atleast 18-20% move upside.
Wait for the price for the retest which is mentioned in the chart.
Best of Luck.
Note to self : My Risk is always defined before I enter a trade.
This will help a lot for a long time.
Happy Trading.
Note:
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...
3.Follow us for more patterns and like, share so that we feel it is helpful to many and share more patterns...
3. Views given here is not a tip rather it is for educational purpose... Aftermarket...
Stock consolidating since 9 months.
longer is the consolidation more powerful is the breakout.
since stock is up today 10% buy only partial qty
wait for dip till 400 or
wait for range break and enter on testing.
All other observations on chart.
Many times I have covered range & consolidation breakouts.
Advantages
1. Stop losses are low.
2. Kicking out by...
long term looks promising with increased in package foods ....TCPL key vendor for ITC and other FMCG companies.
kanoria family is having good and clean history of business..
Vijay kedia invested in this.
TCPL Packaging Ltd. engages in the printing and packaging products. Its products include folding cartons, tobacco and flexible packaging. The firm manufactures packaging materials for segments such as FMCG, food and beverage, tobacco, pharma, liquor, other consumer goods and supplies to its customers in India and abroad. The company was founded on August 27, 1987 and is headquartered in Mumbai, India.
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