TILAKNAGAR INDUSTR (TI) breakout analysis BUY

Verdict:
Strong Bullish

Plan of action:
BUY: 230
Stoploss: 214
Target: 281
Trailing SL: 5

TILAKNAGAR INDUSTR (TI) has given a breakout of bullish flag and pole pattern to upside.
All important levels have been marked at the chart.
As stock has broke to upside you can generate a buy @LTP.
If we see the volume surge it was massive yesterday. if we enter stock at 230 we can achive the target with
Risk: Reward :: 1 : 3.

Reasons:

  1. Bullish Flag and POLE breakout to upside.
  2. Taking support at the VWAP, indicates good sign to enter.
  3. RSI crossing 60 to upside shows good bullishness.
  4. Successful breakout after 6 months.
  5. High Volume is traded last day, which shows lots of interest in stock buying.
  6. Price > EMAs, shows bulls are more powerful than bears we can make an entry.
  7. Taking successful support at 200 EMA with good buying interest(volume spike).

 

Verdict:
Strong Bullish

Plan of action:
BUY: 230
Stoploss: 214
Target: 281
Trailing SL: 5

*****Disclaimer:*****

The information provided in this blog post is for informational purposes only. It is not intended as financial, investment, or trading advice. The author is not a licensed financial advisor or professional.

Trading and investing in financial markets carry inherent risks, and past performance is not indicative of future results. Readers should conduct their research, consider their risk tolerance, and consult with a qualified financial advisor before making any trading or investment decisions.

The author is not responsible for any financial losses or gains that may result from actions taken based on the information presented in this blog post. All trading and investment decisions are made at the reader’s own discretion and risk.

Leave a Reply

Your email address will not be published. Required fields are marked *