TOMCL was previously in an uptrend from Feb 2024 to Aug 2024. Then it switched to WYCKOFF Distribution Phase till April 2025. It broke down from the Distribution Phase and now has retested the break down level and confirmed downward reversal/rejection.
🚨 TECHNICAL SHORT-SELL/EXIT CALL – TOMCL 🚨
🎯 SHORT-SELL/EXIT ZONE: Rs. 31-33
📈 TP1 : Rs. 28.5
📈 TP2 : Rs. 25.1
🛑 STOP LOSS: ABOVE Rs. 34.6 (Daily Close)
NOTE – Prices are of ready market
📊 RISK-REWARD: High Conviction | 1:3
Caution: Please enter/exit in 3 parts in give range. Close at least 50% position size at TP1 and then trail SL to avoid losing incurred profits in case of unforeseen market conditions.
PLEASE BOOST AND SHARE THE IDEA IF YOU FIND IT HELPFUL.
🚨 TECHNICAL SHORT-SELL/EXIT CALL – TOMCL 🚨
🎯 SHORT-SELL/EXIT ZONE: Rs. 31-33
📈 TP1 : Rs. 28.5
📈 TP2 : Rs. 25.1
🛑 STOP LOSS: ABOVE Rs. 34.6 (Daily Close)
NOTE – Prices are of ready market
📊 RISK-REWARD: High Conviction | 1:3
Caution: Please enter/exit in 3 parts in give range. Close at least 50% position size at TP1 and then trail SL to avoid losing incurred profits in case of unforeseen market conditions.
PLEASE BOOST AND SHARE THE IDEA IF YOU FIND IT HELPFUL.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.