Tilaknagar Industries upside potential 40%in this falling market Tilaknagar Industries showing bulish momentom now it can gives 30 - 40% upside potential.
Tilaknagarindustries
TILAK NAGAR INDUSTRY: Possible breakout candidate for 52 wk highTI Industry:
stocks is above 200 dema
stocks is above 50 dema
Volumes are building which indicates big players are adding up.
Level of 260-262 can act as a next level of resistance.
Can test 288-290 above that.
Fresh leg of rally above 292.
Upto 100 % upside in Tilaknagar IndustriesPrice bounced near key support level and RSI is showing strong bullish divergence on daily & weekly TF.
Good to buy at CMP for positional target of 440 (103% ROI) in medium term.
Short term target should be around 300 (38.5% ROI).
FIIs have increased their shareholdings aggressively and TTM sales & operating profit are highest ever in spite of margin pressure.
Do your own due diligence before taking any action.
Peace!!
Upto 40% upside potential in Tilaknagar Industries (Short Term)Upside break out of the triangle pattern will confirm it's final 5th wave move.
Approx. 40% short term target is based on Pole with Flag pattern.
Good to buy around 250 level for a target of 350+ in short term.
Mandatory SL @ 237
A good 7.2:1 R:R setup.
Fundamentals are good.
Do your own due diligence before taking any action.
Peace!!
#TI LONG INTRADAY TRADE SETUPGreetings Folks,
today i have prepared a setup of TI on NSE
the analysis is as follows-
- the price is trading in a very close vicinity to an important static resistance
- either the price will breakout at instant or take some time to gather some orders
- there is also some imbalance which needs to be filled, this will act as confirmation to our setup
don't play with fire, always use a predefined stoploss
