TILAKNAGAR INDUSTR (TI) breakout analysis BUY
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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:
Verdict:
Strong Bullish
Plan of action:
BUY: 230
Stoploss: 214
Target: 281
Trailing SL: 5
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:
- Bullish Flag and POLE breakout to upside.
- Taking support at the VWAP, indicates good sign to enter.
- RSI crossing 60 to upside shows good bullishness.
- Successful breakout after 6 months.
- High Volume is traded last day, which shows lots of interest in stock buying.
- Price > EMAs, shows bulls are more powerful than bears we can make an entry.
- 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
Trade attivo
entry is already active you may proceed with your positions.
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