THOMAS COOK (INDIA) LTD is showing a classic Cup and Handle breakout pattern on the daily chart.
🔍 Chart Highlight
Breakout from the Cup's rim around ₹169.93 level.
Strong bullish candle with +7.61% gain, backed by higher volume.
Price sustained above the 200 EMA (₹163.85).
Next potential resistance: ₹197.29, a previous swing high.
Levels to Watch:
Support Zone: ₹163.85 – ₹169.93 (200 EMA + breakout retest zone)
Resistance Zone: ₹197.29 (next swing high)
If the price retests and holds above ₹169.93, it could offer a good risk-reward opportunity with ₹197+ as the near-term target. Keep an eye on volume and any pullback toward the breakout zone.
⚠️ Disclaimer:
This idea is for educational purposes only and not financial advice. Please do your own research or consult your financial advisor before making any trading decisions. Markets carry risk — trade wisely!
🔍 Chart Highlight
Breakout from the Cup's rim around ₹169.93 level.
Strong bullish candle with +7.61% gain, backed by higher volume.
Price sustained above the 200 EMA (₹163.85).
Next potential resistance: ₹197.29, a previous swing high.
Levels to Watch:
Support Zone: ₹163.85 – ₹169.93 (200 EMA + breakout retest zone)
Resistance Zone: ₹197.29 (next swing high)
If the price retests and holds above ₹169.93, it could offer a good risk-reward opportunity with ₹197+ as the near-term target. Keep an eye on volume and any pullback toward the breakout zone.
⚠️ Disclaimer:
This idea is for educational purposes only and not financial advice. Please do your own research or consult your financial advisor before making any trading decisions. Markets carry risk — trade wisely!
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.