TCPLPACK 1. bullish sentiment stock good up expected 2. mention target coming soon
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.
TCPL manufactures folding cartons, printed blanks and outers, litho-lamination, plastic cartons, blister packs, and shelf-ready packaging. TCPL has also ventured into the flexible packaging industry, with the capability to produce printed cork-tipping paper, laminates, sleeves, and wrap-around labels The price burst makes a difficult risk to reward, The trade is...
Breakout with huge volume .expect good move coming days.for more updates follow me
Macd crossing above zero line allows the super bullishness may come in near future. SL compulsory. More over HSP pattern for long Duration 1 year for long term and for short term 10% in next 30 days.
volume burst and 20 day high break Has a chance to go higher of another 10% in next 2 weeks For safe entry small portion of qty at current level and remaining small qty of position after confirmation of weekly close in green. SL compulsory
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
Daily time frame shows a consolidation pre breakout conditions and in weekly time frame, it has inverted head and shoulder pattern 20% upside in next one year SL compuslory
( Analysis for Educational Purpose Only) TCPL Rising TL BO
The stock looks good above 584 level for further upmove - 600 will be a resistance zone.
ON CHARTS only for educational purpose not sugesstion
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.
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.
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