bull side point of view.
at present the stock is on symmetrical triangle support line
if the stock go upside next target is R1 (834) and then (988)
and the support is S1 652
risk is low and high profit.
bearish point of view.
there is no sign of strong volume to move upside.
crossed 50 days EMA and going downside.
if the fall continue it will reach S1 652 easily...
The company is India’s largest kitchenware company & it was founded in 1928.
Prestige is a leading brand in Pressure cookers, Cookware, Value-added Gas Stoves, Induction Cooktops & Rice Cookers.
Its an Old & Established brand.
Fundamentals:-
CMP is more than Book Value, Graham Number & Intrinsic Value.
Debt is very less as compare to its reserves.
Dividend...
Volumes are increasing. Selling is being absorbed - Wicks are more than the body - pressure from both buy and sell.
Entry will be if price breaks out with volume.
Do not enter anticipating breakout in weak markets. Great chance of getting trapped.
#Stock is in #Consolidation stage for a long time, and it made a very tight zone and now making HigherHigh.
Stock is making a #Triangle #Pattern and waiting for a Breakout.
Maintain Proper SL and Enter a trade for a short to long term investment.
In the Weekly Chart of TTKPRESTIG ,
we can see that, it is about to give Inverted Head & Shoulder Breakout.
It might respect the breakout range one last time
OR
create another green candle and then retest and move ahead.
📊 Details
TTK Group was founded in 1928 founded by Mr. T.T. Krishnamachari who set up the distribution for a wide range of products ranging from Foods, Personal care products, etc.
The company is India’s largest kitchenware company. TTK Prestige was Established in 1955 as a private limited company, TTK went public in 1994. It is among the leading brands in the...
In this analysis, we will conduct a comprehensive review of TTKPRESTIG's weekly chart. We will explore the potential breakout of a falling trendline, the presence of a rounding bottom pattern, and the adjusted RSI divergence. Additionally, we will consider a trade opportunity based on these technical indicators. Let's proceed with the analysis.
Chart Analysis:...
it is consolidating from many days and started uptrend so i am just putting 10000 investing and will be take profit 500 and i won't put any stop lose wait for 500 even it is 500 days but it can reach in 30 days
