#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...
Thomas Cook (India) Ltd.
As anticipated, a positive move was witnessed above 28 & the price closed near the weekly high.
Technical Indicators are Bearish.
Time-Trend Indicator is Bearish.
------->>> Even though the main trend is negative, the short term momentum might cause a Positive Move. <<<----------
Presently, 30.15 -34.85 -35.70 need to be considered as...
THOMAS COOK is showing some Bullish Signals through the FLAG & POLE PATTERN supported by Heavy Volumes.
Target 1 : Rs. 148
Target 2 : Rs. 152
STOP LOSS : Rs. 119
Always Remember TWO Points in Share Market..
1. ALWAYS PUT STOP LOSS TO PROTECT YOUR CAPITAL.
2. ALWAYS REMEMBER Point No.1.
Buy Thomas Cook in dip at 220-218 with stop loss below 200 for target 264.
RSI & CCI has given positive cross over supported by volume. It has bounced from trend line suport (neckline).
THOMAS COOK INDIA LIMITED - LTP 232.35/-RS
SUPER TREND INDICATOR TURNS TO POSITIVE
CAN EXPECT A MORE POSITIVE ABOVE IT'S RESISTANCE LEVEL @ 235/-RS
KEEP STOP LOSS @ 220-RS PROFIT TARGET -242 TO 250/-RS LEVEL CAN EXPECT
EARNINGS FOR FY 2018-19 ANALYST'S NOT EXPECTING A GOOD EPS GROWTH, SO DON'T HOLD TILL RESULTS IT'S SHORT TERM/MOMENTUM TRADE ONLY.
