REASONS FOR ENTERTING TRADE
1. A pole flag structure with the base of the flag bouncing off the 200EMA.
2.This 200EMA bounce point coincides with the long-term support trendline,
3. & the 61.8% retracement of the pole.
3. Price sustains above the flag range after retest
Buying above 65 for a projected price target which is set as the pole height, from the...
Thomas Cook, the market leader of travel & tourism, may be the biggest beneficiary of the 5 lakh free tourist visas free till 31st March 2022 as tourism revives after the nationwide vaccination drive. A V shaped recovery in its fundamentals and stock price cannot be ruled out. Buy for a target of Rs.120.
You can invest in this stock as it is an unlocking them stock , so buy it in any dip and wait for till this year an it will defiantly going to be double your in vestment , but do your research also don't invest by just reading this.
The stock was in downtrend. Now has changed its structure to HH, HL.
Stock is in congestion zone right now. Strong and decisive break needed above 70
- Parameter check
- Classic HH-HL structure on W
- D- (above all major ema) W - EMA 20-50 crossover
- Closing above 70-72 with VOL (check breakout momentum) will
- Ascending triangle breakout above 72 on...
📌Levels are mentioned on chart for ❝Swing trading❞.
This stock looks good for medium to long term as well. Travel industry is expected to pick up with the withdrawal of second corona wave. It can be bought at current price or safe traders may wait for it to retrace back to the neckline and enter there.
☆ Kindly like & share ➥ this pattern. Comment ⎚ with what...
Thomas has broken out of its 3 month range with reasonably high volumes. As shown in the chart, the stock has closed above 50 after over 2 months of consolidation between 40-50.
The stock will probably target its recent early december high at 58 in the short term with any weekly move beyond the 58-61 area leading to its pre crash december 2019 levels of 70.
#THOMASCOOK (India) Ltd. WEEKLY CHART VIEW!!
The stock price is maintaining its flattish momentum above the rectangle pattern breakout.
On the upside immediate resistance comes at 50.50 and on the lower side 43.85 - 43 can be considered as supports.
Positive momentum above 51; can try to test 55-56-58-60 on the upside.
#THOMASCOOK WEEKLY CHART VIEW!!
The stock price gave a breakdown and now testing the trendline in the weekly time frame.
Technical parameters are flattish, where RSI is below 40 in weekly time frame.
26.65 -30.55 should be considered as support and resistance respectively.
Thomas Cook (India) Ltd.
The stock price clearly maintaining a downtrend with negative momentum.
Technically there is no indication for a positive reversal witnessed yet.
On the higher side 34.50 - 35.70 are strong resistances. On the lower side 27.50 - 28.50(5Ma) likely to act as supports.
A breakdown below 27 can further increase weakness on the lower...